Cuba: Photographic Film Market 2024

Photographic Film Market Size in Cuba

The Cuban photographic film market contracted to $X in 2021, with a decrease of -8.9% against the previous year. Overall, consumption saw a slight slump. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Photographic Film Production in Cuba

In value terms, photographic film production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 35%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Photographic Film Exports

Exports from Cuba

In 2021, shipments abroad of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed increased by 20% to X square meters, rising for the fifth consecutive year after two years of decline. In general, exports saw a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 134% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, photographic film exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 124%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Bolivia (X square meters) was the main destination for photographic film exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bolivia stood at +204.2%.

In value terms, Bolivia ($X) also remains the key foreign market for photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Bolivia totaled +229.6%.

Export Prices by Country

In 2021, the average photographic film export price amounted to $X per square meter, approximately reflecting the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 95%. As a result, the export price reached the peak level of $X per square meter. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to +57.9% per year.

Photographic Film Imports

Imports into Cuba

For the third year in a row, Cuba recorded decline in purchases abroad of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed, which decreased by -6.7% to X square meters in 2021. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 87%. As a result, imports reached the peak of X square meters. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, photographic film imports reduced markedly to $X in 2021. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 67% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X square meters) constituted the largest supplier of photographic film to Cuba, accounting for a 47% share of total imports. Moreover, photographic film imports from Spain exceeded the figures recorded by the second-largest supplier, China (X square meters), tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.3% per year) and Panama (-56.5% per year).

In value terms, Spain ($X) constituted the largest supplier of photographic plates and film, photographic paper, paperboard and textiles and instant print film, sensitized, unexposed to Cuba, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-31.9% per year) and Panama (-62.7% per year).

Import Prices by Country

In 2021, the average photographic film import price amounted to $X per square meter, with a decrease of -49.1% against the previous year. Overall, the import price recorded a deep setback. The pace of growth was the most pronounced in 2020 an increase of 62% against the previous year. Over the period under review, average import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :