Cuba: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2022

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Cuba

In 2021, the Cuban market for hormones, prostaglandins, thromboxanes and leukotrienes increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption enjoyed a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Cuba

In 2021, after seven years of decline, there was significant growth in overseas shipments of hormones, prostaglandins, thromboxanes and leukotrienes, when their volume increased by X% to X kg. Over the period under review, exports, however, saw a precipitous contraction. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports soared to $X in 2021. Overall, exports, however, recorded a dramatic shrinkage. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Cuba, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled -X%.

In value terms, Mexico ($X) also remains the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Mexico totaled -X%.

Export Prices by Country

In 2021, the average export price for hormones, prostaglandins, thromboxanes and leukotrienes amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price, however, enjoyed a notable expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to +X% per year.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Cuba

In 2021, overseas purchases of hormones, prostaglandins, thromboxanes and leukotrienes increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports surged to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Cuba, accounting for a X% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Spain (X kg) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Spain (+X% per year).

In value terms, China ($X), Spain ($X) and Italy ($X) appeared to be the largest hormones, prostaglandins, thromboxanes and leukotrienes suppliers to Cuba, together accounting for X% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, with a decrease of -X% against the previous year. Over the period under review, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($X per ton), while the price for Guatemala ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform