Report Update Apr 1, 2024

Cuba - Iron or Steel Plaited Bands and Slings - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Steel Plaited Band Market 2024

Steel Plaited Band Market Size in Cuba

The Cuban steel plaited band market expanded markedly to $X in 2021, with an increase of 6.5% 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, continues to indicate a abrupt curtailment. Steel plaited band consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Steel Plaited Band Exports

Exports from Cuba

In 2017, approx. X kg of iron or steel plaited bands and slings were exported from Cuba; remaining constant against the previous year. Over the period under review, exports recorded a sharp decrease. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

In value terms, steel plaited band exports amounted to $X in 2017. Overall, exports saw a precipitous shrinkage. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Egypt (X kg) was the main destination for steel plaited band exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2017, the average annual rate of growth in terms of volume to Egypt was relatively modest.

From 2015 to 2017, the average annual growth rate of value to Egypt was relatively modest.

Export Prices by Country

The average steel plaited band export price stood at $X per ton in 2017, leveling off at the previous year. Over the period under review, the export price saw significant growth. The pace of growth appeared the most rapid in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2017 and is expected to retain growth in the immediate term.

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

From 2015 to 2017, the rate of growth in terms of prices for Egypt amounted to 0.0% per year.

Steel Plaited Band Imports

Imports into Cuba

In 2021, approx. X tons of iron or steel plaited bands and slings were imported into Cuba; growing by 28% on 2020. In general, imports, however, showed a abrupt decline. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, steel plaited band imports declined to $X in 2021. Overall, imports, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 67%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of steel plaited band to Cuba, with a 77% share of total imports. Moreover, steel plaited band imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.9% per year) and Italy (-4.6% per year).

In value terms, Spain ($X) constituted the largest supplier of steel plaited band to Cuba, comprising 62% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+42.3% per year) and Italy (-5.4% per year).

Import Prices by Country

The average steel plaited band import price stood at $X per ton in 2021, with a decrease of -26.5% against the previous year. In general, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 56% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 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 China ($X per ton), while the price for Spain ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel plaited bands and slings in the world?

The countries with the highest volumes of consumption in 2021 were China, India and Poland, together comprising 44% of global consumption. The United States, Japan, the Netherlands, Russia, the UK, Indonesia, Malaysia, Mexico, Italy and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of iron or steel plaited bands and slings in the world?

China remains the largest steel plaited band producing country worldwide, comprising approx. 30% of total volume. Moreover, steel plaited band production in China exceeded the figures recorded by the second-largest producer, Poland, threefold. The third position in this ranking was taken by the United States, with a 6.9% share.

What are the leading suppliers of iron or steel plaited bands and slings to Cuba?

In value terms, Spain constituted the largest supplier of steel plaited band to Cuba, comprising 62% of total imports. The second position in the ranking was taken by China, with a 16% share of total imports. It was followed by Italy, with an 8.2% share.

What is the average export price for iron or steel plaited bands and slings in Cuba?

The average steel plaited band export price stood at $18,346 per ton in 2017, stabilizing at the previous year.

What is the average import price for iron or steel plaited bands and slings in Cuba?

The average steel plaited band import price stood at $5,045 per ton in 2021, declining by -26.5% against the previous year.

This report provides an in-depth analysis of the steel plaited band 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 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)

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