Report Update May 1, 2024

Cuba - Iron or Steel Rivets - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Metal Rivet Market 2024

Metal Rivet Market Size in Cuba

The Cuban metal rivet market declined sharply to $X in 2021, dropping by -29.7% 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). Over the period under review, consumption recorded a pronounced descent. Metal rivet consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Metal Rivet Exports

Exports from Cuba

Metal rivet exports from Cuba stood at X kg in 2017, leveling off at 2016. Overall, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2013. The exports peaked in 2017 and are expected to retain growth in the immediate term.

In value terms, metal rivet exports amounted to $X in 2017. In general, exports showed significant growth. The smallest decline of 99.9% was in 2013. The exports peaked in 2017 and are expected to retain growth in the near future.

Exports by Country

Ethiopia (X kg) was the main destination for metal rivet exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to Ethiopia was relatively modest.

From 2012 to 2017, the average annual growth rate of value to Ethiopia was relatively modest.

Export Prices by Country

In 2017, the average metal rivet export price amounted to $X per ton, leveling off at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 a decrease of 99.9% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2017.

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

From 2012 to 2017, the rate of growth in terms of prices for Venezuela amounted to 0.0% per year.

Metal Rivet Imports

Imports into Cuba

In 2021, the amount of iron or steel rivets imported into Cuba dropped to X tons, which is down by -5.4% on the year before. In general, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 76% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, metal rivet imports shrank remarkably to $X in 2021. Over the period under review, imports recorded a mild downturn. The pace of growth was the most pronounced in 2017 with an increase of 113%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest metal rivet supplier to Cuba, with a 56% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+59.0% per year) and Spain (-11.5% per year).

In value terms, China ($X), Spain ($X) and Colombia ($X) appeared to be the largest metal rivet suppliers to Cuba, together comprising 80% of total imports.

Colombia, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average metal rivet import price stood at $X per ton in 2021, which is down by -47.6% against the previous year. In general, the import price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2013 an increase of 48% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel rivets in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 42% of global consumption. These countries were followed by Canada, Germany, Japan, Brazil, Russia, Mexico, Turkey and Spain, which together accounted for a further 34%.

What are the largest producers of iron or steel rivets in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 51% share of global production. Germany, Japan, Russia, Brazil, South Korea, Turkey, Taiwan Chinese) and Italy lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of iron or steel rivets to Cuba?

In value terms, China, Spain and Colombia appeared to be the largest metal rivet suppliers to Cuba, with a combined 80% share of total imports.

What is the average export price for iron or steel rivets in Cuba?

In 2017, the average metal rivet export price amounted to $4,163 per ton, approximately equating the previous year.

What is the average import price for iron or steel rivets in Cuba?

In 2021, the average metal rivet import price amounted to $5,365 per ton, reducing by -47.6% against the previous year.

This report provides an in-depth analysis of the metal rivet 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 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)

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