Cuba: Levels Market 2022

Levels Market Size in Cuba

After three years of decline, the Cuban levels market increased by X% to $X in 2021. Over the period under review, consumption recorded noticeable growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Levels Exports

Exports from Cuba

In 2021, the amount of levels exported from Cuba amounted to less than X units, standing approx. at the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, levels exports totaled less than $X in 2021. In general, exports saw a sharp decrease. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Angola (X units) was the main destination for levels exports from Cuba, with a X% share of total exports. Moreover, levels exports to Angola exceeded the volume sent to the second major destination, Mexico (X units), threefold.

From 2012 to 2013, the average annual rate of growth in terms of volume to Angola was relatively modest.

From 2012 to 2013, the average annual growth rate of value to Mexico was relatively modest.

Export Prices by Country

In 2013, the average levels export price amounted to $X per unit, remaining stable against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2013, the country with the highest price was Mexico ($X per unit), while the average price for exports to Angola totaled $X per unit.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%).

Levels Imports

Imports into Cuba

After three years of decline, overseas purchases of levels increased by X% to X units in 2021. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, levels imports expanded significantly to $X in 2021. Overall, imports saw temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of levels to Cuba, with a X% share of total imports. Moreover, levels imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was taken by Switzerland (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and Switzerland (+X% per year).

In value terms, Switzerland ($X) constituted the largest supplier of levels to Cuba, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Ukraine, with an X% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Ukraine (+X% per year).

Import Prices by Country

The average levels import price stood at $X per unit in 2021, falling by -X% against the previous year. In general, the import price, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 an increase of X%. The import price peaked at $X per unit in 2020, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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