Cuba: Plaster Market 2022

Plaster Market Size in Cuba

In 2021, the Cuban plaster market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, saw a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Plaster Exports

Exports from Cuba

In 2021, shipments abroad of plaster decreased by X% to less than X kg, falling for the second year in a row after eight years of growth. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, plaster exports stood at less than $X in 2021. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for plaster exports from Cuba, accounting for a approx. X% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Spain was relatively modest.

From 2012 to 2019, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2019, the average plaster export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2019, the rate of growth in terms of prices for Spain amounted to X% per year.

Plaster Imports

Imports into Cuba

In 2021, purchases abroad of plaster was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth imports remained at a lower figure.

In value terms, plaster imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X tons) constituted the largest plaster supplier to Cuba, accounting for a X% share of total imports. Moreover, plaster imports from Mexico exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Mexico stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Germany (-X% per year).

In value terms, the largest plaster suppliers to Cuba were Spain ($X), Mexico ($X) and Germany ($X), together accounting for X% of total imports.

Mexico, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average plaster import price stood at $X per ton in 2021, with a decrease of -X% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform