
Cuba - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights
Cuba: Market for Hot-Rolled Bars In Bearing Steels 2023
Market Size for Hot-Rolled Bars In Bearing Steels in Cuba
The Cuban hot-rolled bearing steel bar market dropped markedly to $X in 2021, which is down by -55.4% 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 recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.
Imports of Hot-Rolled Bars In Bearing Steels
Imports into Cuba
In 2021, the amount of hot-rolled bars in bearing steels imported into Cuba declined rapidly to X tons, with a decrease of -53.2% against 2020 figures. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 275% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.
In value terms, hot-rolled bearing steel bar imports dropped sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 125%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.
Imports by Country
China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Cuba, with a combined 99.9% share of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +91.1%), while imports for the other leaders experienced a decline.
In value terms, China ($X) constituted the largest supplier of hot-rolled bearing steel bar to Cuba, comprising 69% of total imports. The second position in the ranking was held by Turkey ($X), with a 28% share of total imports.
From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+68.3% per year) and Spain (-29.9% per year).
Import Prices by Country
The average hot-rolled bearing steel bar import price stood at $X per ton in 2021, declining by -8% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 38%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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