Cuba: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Cuba

In 2021, the Cuban paper and paperboard market increased by 4.2% to $X, rising for the third year in a row after three years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Paper And Paperboard Production in Cuba

In value terms, paper and paperboard production declined dramatically to $X in 2021 estimated in export price. In general, production enjoyed buoyant growth. The growth pace was the most rapid in 2015 when the production volume increased by 86%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Paper And Paperboard Exports

Exports from Cuba

In 2021, shipments abroad of paper and paperboard increased by 18% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,107%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, paper and paperboard exports soared to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 6,386%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United Arab Emirates (X tons) was the main destination for paper and paperboard exports from Cuba, accounting for a 89% share of total exports. Moreover, paper and paperboard exports to the United Arab Emirates exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +114.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-2.0% per year) and Argentina (-46.3% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for paper and paperboard exports from Cuba, comprising 99% of total exports. The second position in the ranking was held by Guatemala ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +136.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+4.7% per year) and Argentina (-35.8% per year).

Export Prices by Country

In 2021, the average paper and paperboard export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price continues to indicate a significant increase. The growth pace was the most rapid in 2020 when the average export price increased by 438% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Guatemala ($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 France (+305.5%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Cuba

In 2021, after five years of decline, there was significant growth in supplies from abroad of paper and paperboard, when their volume increased by 15% to X tons. Over the period under review, imports, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, paper and paperboard imports soared to $X in 2021. Overall, imports, however, recorded a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of paper and paperboard imports to Cuba, with a combined 31% share of total imports. Brazil, Trinidad and Tobago, Mexico, Russia, Italy, China, Finland and Indonesia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (with a CAGR of +17.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest paper and paperboard suppliers to Cuba were Spain ($X), Canada ($X) and Trinidad and Tobago ($X), together accounting for 27% of total imports.

Trinidad and Tobago, with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper and paperboard import price stood at $X per ton in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 11% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Russia ($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 (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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