Report Update Apr 1, 2024

Cuba - Phenols - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Phenols Market 2024

Phenols Market Size in Cuba

The Cuban phenols market shrank to $X in 2021, falling by -9.9% against the previous year. In general, consumption, however, showed prominent growth. Phenols consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Phenols Production in Cuba

In value terms, phenols production fell to $X in 2021 estimated in export price. In general, production, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 99% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Phenols Exports

Exports from Cuba

In 2015, after two years of decline, there was decline in overseas shipments of phenols, when their volume decreased by 0% to X tons. Over the period under review, exports saw a sharp setback. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

In value terms, phenols exports stood at $X in 2015. Overall, exports continue to indicate a sharp downturn. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2015, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for phenols exports from Cuba, with a approx. 50% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to the Netherlands was relatively modest.

From 2012 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

In 2015, the average phenols export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a slight descent. The most prominent rate of growth was recorded in 2013 a decrease of 99.9%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

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

From 2012 to 2015, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Phenols Imports

Imports into Cuba

In 2021, purchases abroad of phenols decreased by -26.7% to X tons, falling for the fourth consecutive year after two years of growth. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 139%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, phenols imports declined significantly to $X in 2021. Over the period under review, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 166%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of phenols to Cuba, with a 22% share of total imports. Moreover, phenols imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), sevenfold. Turkey (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-11.3% per year) and Turkey (0.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of phenols to Cuba, comprising 20% of total imports. The second position in the ranking was taken by China ($X), with a 2.2% share of total imports. It was followed by Spain, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-29.2% per year) and Spain (-14.1% per year).

Import Prices by Country

The average phenols import price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 40%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+78.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phenols in the world?

The country with the largest volume of phenols consumption was China, accounting for 24% of total volume. Moreover, phenols consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with an 8.6% share.

What are the largest producers of phenols in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, together accounting for 37% of global production. These countries were followed by Nigeria, Russia, Japan, Brazil, Indonesia, South Korea, Taiwan Chinese), France, Mexico and Germany, which together accounted for a further 35%.

What are the leading suppliers of phenols to Cuba?

In value terms, the Netherlands constituted the largest supplier of phenols to Cuba, comprising 20% of total imports. The second position in the ranking was held by China, with a 2.2% share of total imports. It was followed by Spain, with a 1.8% share.

What is the average export price for phenols in Cuba?

In 2015, the average phenols export price amounted to $1,730 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for phenols in Cuba?

In 2021, the average phenols import price amounted to $3,881 per ton, growing by 11% against the previous year.

This report provides an in-depth analysis of the phenols 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 20142410 - Monophenols
Prodcom 20142433 - 4,4-Isopropylidenediphenol (bisphenol A, diphenylolpropane) a nd its salts
Prodcom 20142439 - Polyphenols (including salts, excluding 4,4 isopropylidenediphenol) and phenol-alcohols
Prodcom 20142450 - Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenol-alcohols

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