Report Update Apr 1, 2024

Cuba - Iron or Steel Stranded Wire, Ropes and Cables - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Steel Stranded Wire Market 2024

Steel Stranded Wire Market Size in Cuba

The Cuban steel stranded wire market skyrocketed to $X in 2021, growing by 124% 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, however, continues to indicate a abrupt downturn. Steel stranded wire consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Steel Stranded Wire Exports

Exports from Cuba

Steel stranded wire exports from Cuba stood at X kg in 2021, leveling off at the previous year. Over the period under review, exports saw a significant curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 114% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, steel stranded wire exports totaled $X in 2021. In general, exports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 95%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X kg) was the main destination for steel stranded wire exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled -9.2%.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled -27.0%.

Export Prices by Country

In 2021, the average steel stranded wire export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 119%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Belgium amounted to -19.5% per year.

Steel Stranded Wire Imports

Imports into Cuba

In 2021, the amount of iron or steel stranded wire, ropes and cables imported into Cuba soared to X tons, growing by 182% against 2020 figures. Overall, imports, however, recorded a abrupt setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, steel stranded wire imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs 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 steel stranded wire to Cuba, accounting for a 75% share of total imports. Moreover, steel stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), ninefold. Russia (X tons) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-7.2% per year) and Russia (+12.9% per year).

In value terms, China ($X) constituted the largest supplier of steel stranded wire to Cuba, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with an 18% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-12.0% per year) and Russia (+7.0% per year).

Import Prices by Country

The average steel stranded wire import price stood at $X per ton in 2021, declining by -26.2% against the previous year. In general, the import price showed a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 37%. Over the period under review, average import prices hit record highs 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 Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.1%), 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 stranded wire, ropes and cables in the world?

China constituted the country with the largest volume of steel stranded wire consumption, comprising approx. 22% of total volume. Moreover, steel stranded wire consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 8.9% share.

What are the largest producers of iron or steel stranded wire, ropes and cables in the world?

China constituted the country with the largest volume of steel stranded wire production, comprising approx. 36% of total volume. Moreover, steel stranded wire production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 5.5% share.

What are the leading suppliers of iron or steel stranded wire, ropes and cables to Cuba?

In value terms, China constituted the largest supplier of steel stranded wire to Cuba, comprising 47% of total imports. The second position in the ranking was held by Spain, with an 18% share of total imports. It was followed by Russia, with a 12% share.

What is the average export price for iron or steel stranded wire, ropes and cables in Cuba?

In 2021, the average steel stranded wire export price amounted to $608 per ton, flattening at the previous year.

What is the average import price for iron or steel stranded wire, ropes and cables in Cuba?

The average steel stranded wire import price stood at $1,833 per ton in 2021, shrinking by -26.2% against the previous year.

This report provides an in-depth analysis of the steel stranded wire 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 25931130 - Iron or steel stranded wire, ropes and cables (including stranded wires and wire ropes with or without attached fittings not electrically insulated) (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