Cuba: Knife And Scissors Market 2024

Knife And Scissors Market Size in Cuba

After two years of decline, the Cuban knife and scissors market increased by 115% to $X in 2021. In general, consumption, however, recorded a abrupt decrease. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Knife And Scissors Exports

Exports from Cuba

In 2021, exports of knives, scissors and blades from Cuba surged to X kg, rising by 30% on the previous year's figure. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 183%. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, knife and scissors exports skyrocketed to $X in 2021. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2019 when exports increased by 138% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Paraguay (X kg) was the main destination for knife and scissors exports from Cuba, accounting for a 54% share of total exports. Moreover, knife and scissors exports to Paraguay exceeded the volume sent to the second major destination, Brazil (X kg), twofold. Angola (X kg) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Paraguay stood at +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+30.6% per year) and Angola (+4.6% per year).

In value terms, Paraguay ($X), Brazil ($X) and Serbia ($X) appeared to be the largest markets for knife and scissors exported from Cuba worldwide, with a combined 90% share of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +43.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knife and scissors export price stood at $X per ton in 2021, with an increase of 57% against the previous year. Overall, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 73% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Knife And Scissors Imports

Imports into Cuba

In 2021, purchases abroad of knives, scissors and blades increased by 139% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 146% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, knife and scissors imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 155%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of knife and scissors to Cuba, accounting for a 47% share of total imports. Moreover, knife and scissors imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Brazil (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-1.5% per year) and Brazil (-2.5% per year).

In value terms, the largest knife and scissors suppliers to Cuba were China ($X), Spain ($X) and Panama ($X), with a combined 55% share of total imports.

Panama, with a CAGR of +10.6%, recorded the highest rates of growth with regard to 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 knife and scissors import price stood at $X per ton in 2021, shrinking by -14.4% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, knife and scissors import price increased by +4.7% against 2015 indices. The pace of growth appeared the most rapid in 2015 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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