
Cuba - Invalid Carriages Motorised or Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights
Cuba: Motorised Invalid Carriage Market 2022
Motorised Invalid Carriage Market Size in Cuba
The Cuban motorised invalid carriage market declined dramatically to $X in 2021, reducing by -39.8% 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). Overall, consumption, however, posted significant growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.
Motorised Invalid Carriage Exports
Exports from Cuba
In 2016, the amount of invalid carriages motorised or mechanically propelled exported from Cuba was estimated at X units, approximately equating 2015. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorised invalid carriage exports amounted to $X in 2016. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
New Zealand (X units) and Jamaica (X units) were the main destinations of motorised invalid carriage exports from Cuba.
From 2014 to 2016, the biggest increases were in New Zealand (with a CAGR of 0.0%).
From 2014 to 2016, the average annual growth rate of value to New Zealand was relatively modest.
Export Prices by Country
In 2016, the average motorised invalid carriage export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2016, the country with the highest price was New Zealand ($X per unit), while the average price for exports to Jamaica totaled $X per unit.
From 2014 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Angola (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motorised Invalid Carriage Imports
Imports into Cuba
Motorised invalid carriage imports into Cuba plummeted to X units in 2021, waning by -45.1% on the previous year's figure. Overall, imports, however, posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 2,814%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.
In value terms, motorised invalid carriage imports shrank rapidly to $X in 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 944%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) constituted the largest motorised invalid carriage supplier to Cuba, with a 64% share of total imports. Moreover, motorised invalid carriage imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold.
From 2012 to 2021, the average annual growth rate of volume from China amounted to +28.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+30.5% per year) and Canada (+16.7% per year).
In value terms, China ($X) constituted the largest supplier of motorised invalid carriage to Cuba, comprising 69% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+21.9% per year) and Spain (+29.7% per year).
Import Prices by Country
The average motorised invalid carriage import price stood at $X per unit in 2021, rising by 44% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 104% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.4%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the motorised invalid carriage 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.
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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