Cuba: Lead Market 2022

Lead Market Size in Cuba

In 2021, after seven years of growth, there was significant decline in the Cuban lead market, when its value decreased by -X% to $X. In general, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Lead Production in Cuba

In value terms, lead production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Lead Exports

Exports from Cuba

In 2021, after four years of decline, there was significant growth in shipments abroad of lead, when their volume increased by X% to X tons. Overall, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lead exports expanded notably to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for lead exports from Cuba, with a X% share of total exports. Moreover, lead exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +X%.

In value terms, Spain ($X) remains the key foreign market for lead exports from Cuba, comprising X% of total exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +X%.

Export Prices by Country

In 2021, the average lead export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%).

Lead Imports

Imports into Cuba

In 2021, overseas purchases of lead decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, lead imports reduced to $X in 2021. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest supplier of lead to Cuba, with a X% share of total imports. Moreover, lead imports from Canada exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Spain (+X% per year).

In value terms, Canada ($X), the Netherlands ($X) and Spain ($X) were the largest lead suppliers to Cuba, together accounting for X% of total imports.

The Netherlands, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average lead import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lead import price decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform