Report Update Apr 1, 2024

Cuba - Furniture, Bases and Covers for Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Sewing Machine Furniture Market 2024

Sewing Machine Furniture Market Size in Cuba

The Cuban sewing machine furniture market declined to $X in 2021, which is down by -5.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt contraction. Sewing machine furniture consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sewing Machine Furniture Exports

Exports from Cuba

Sewing machine furniture exports from Cuba totaled X kg in 2019, leveling off at 2018. Overall, exports posted a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the maximum in 2019 and are expected to retain growth in the near future.

In value terms, sewing machine furniture exports totaled $X in 2019. Over the period under review, exports posted significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X kg) was the main destination for sewing machine furniture exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to Serbia was relatively modest.

From 2013 to 2019, the average annual growth rate of value to Serbia was relatively modest.

Export Prices by Country

The average sewing machine furniture export price stood at $X per ton in 2019, remaining stable against the previous year. Over the period under review, the export price showed a abrupt decrease. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2013 to 2019, the rate of growth in terms of prices for Serbia amounted to 0.0% per year.

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Sewing Machine Furniture Imports

Imports into Cuba

In 2021, supplies from abroad of furniture, bases and covers for sewing machines was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 421%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, sewing machine furniture imports reduced markedly to $X in 2021. Over the period under review, imports, however, saw a dramatic setback. The growth pace was the most rapid in 2013 with an increase of 92%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest sewing machine furniture supplier to Cuba, with a 86% share of total imports. Moreover, sewing machine furniture imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold. The third position in this ranking was held by Mexico (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +33.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.7% per year) and Mexico (-20.5% per year).

In value terms, Germany ($X) constituted the largest supplier of furniture, bases and covers for sewing machines to Cuba, comprising 64% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by Spain, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.4% per year) and Spain (-27.8% per year).

Import Prices by Country

The average sewing machine furniture import price stood at $X per ton in 2021, declining by -43.7% against the previous year. Over the period under review, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furniture, bases and covers for sewing machines in the world?

The countries with the highest volumes of consumption in 2021 were China, Kyrgyzstan and Nigeria, together accounting for 34% of global consumption.

What are the largest producers of furniture, bases and covers for sewing machines in the world?

The country with the largest volume of sewing machine furniture production was China, comprising approx. 74% of total volume. Moreover, sewing machine furniture production in China exceeded the figures recorded by the second-largest producer, Malaysia, more than tenfold. Germany ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of furniture, bases and covers for sewing machines to Cuba?

In value terms, Germany constituted the largest supplier of furniture, bases and covers for sewing machines to Cuba, comprising 64% of total imports. The second position in the ranking was held by Italy, with a 23% share of total imports. It was followed by Spain, with a 4.2% share.

What is the average export price for furniture, bases and covers for sewing machines in Cuba?

The average sewing machine furniture export price stood at $20,093 per ton in 2019, remaining relatively unchanged against the previous year.

What is the average import price for furniture, bases and covers for sewing machines in Cuba?

The average sewing machine furniture import price stood at $30,531 per ton in 2021, falling by -43.7% against the previous year.

This report provides an in-depth analysis of the sewing machine furniture market in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28945260 - Furniture, bases and covers for sewing machines and parts thereof, other parts of sewing machines

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023