
Cuba - Plant-Growth Regulators - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Cuba: Plant-Growth Regulators Market 2022
Plant-Growth Regulators Market Size in Cuba
The Cuban plant-growth regulators market surged to $X in 2021, rising by 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Plant-Growth Regulators Exports
Exports from Cuba
In 2021, after three years of decline, there was significant growth in overseas shipments of plant-growth regulators, when their volume increased by 43% to X tons. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2013 with an increase of 189% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.
In value terms, plant-growth regulators exports surged to $X in 2021. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of 113% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
The Dominican Republic (X tons) was the main destination for plant-growth regulators exports from Cuba, accounting for a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic stood at +32.9%.
In value terms, the Dominican Republic ($X) also remains the key foreign market for plant-growth regulators exports from Cuba.
From 2012 to 2021, the average annual growth rate of value to the Dominican Republic stood at +22.2%.
Export Prices by Country
In 2021, the average plant-growth regulators export price amounted to $X per ton, growing by 1.5% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 14%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2021, the rate of growth in terms of prices for the Dominican Republic amounted to -8.0% per year.
Plant-Growth Regulators Imports
Imports into Cuba
In 2021, plant-growth regulators imports into Cuba soared to X tons, surging by 74% against 2020. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.
In value terms, plant-growth regulators imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt slump. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.
Imports by Country
Jamaica (X tons), Mexico (X tons) and China (X tons) were the main suppliers of plant-growth regulators imports to Cuba, together comprising 73% of total imports. These countries were followed by Costa Rica, Singapore, Denmark, Malaysia, Germany and Israel, which together accounted for a further 22%.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Mexico ($X), Germany ($X) and China ($X) appeared to be the largest plant-growth regulators suppliers to Cuba, with a combined 41% share of total imports.
Mexico, with a CAGR of +19.6%, recorded 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 plant-growth regulators import price stood at $X per ton in 2021, dropping by -2.7% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2013 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Jamaica ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the plant-growth regulators 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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