Report Update Apr 1, 2024

Cuba - Plastic Fittings for Furniture - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Plastic Furniture Fittings Market 2024

Plastic Furniture Fittings Market Size in Cuba

In 2021, the Cuban plastic furniture fittings market decreased by -18% to $X for the first time since 2014, thus ending a six-year rising trend. In general, consumption, however, showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped rapidly in the following year.

Plastic Furniture Fittings Exports

Exports from Cuba

In 2021, approx. X kg of plastic fittings for furniture were exported from Cuba; remaining stable against 2020 figures. In general, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. As a result, the exports reached the peak of X kg. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, plastic furniture fittings exports stood at $X in 2021. Over the period under review, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2015 with an increase of 99%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X kg) and the Czech Republic (X kg) were the main destinations of plastic furniture fittings exports from Cuba.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of 0.0%).

In value terms, the largest markets for plastic furniture fittings exported from Cuba were the Czech Republic ($X) and Canada ($X).

The Czech Republic, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average plastic furniture fittings export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price showed a perceptible decrease. The pace of growth was the most pronounced in 2015 an increase of 157%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+1,394.5%).

Plastic Furniture Fittings Imports

Imports into Cuba

In 2021, after six years of growth, there was significant decline in supplies from abroad of plastic fittings for furniture, when their volume decreased by -26.5% to X tons. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by 304%. Imports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, plastic furniture fittings imports dropped to $X in 2021. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 194% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of plastic furniture fittings to Cuba, with a 40% share of total imports. Moreover, plastic furniture fittings imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.8% per year) and Brazil (-3.5% per year).

In value terms, Spain ($X) constituted the largest supplier of plastic fittings for furniture to Cuba, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 5.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +27.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and Brazil (-4.8% per year).

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the import price recorded a pronounced increase. The most prominent rate of growth was recorded in 2014 an increase of 70% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plastic fittings for furniture in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Russia, with a combined 36% share of global consumption. India, Japan, Pakistan, Italy, Brazil, the UK, Turkey, the Czech Republic, Poland and France lagged somewhat behind, together comprising a further 37%.

What are the largest producers of plastic fittings for furniture in the world?

China remains the largest plastic furniture fittings producing country worldwide, accounting for 24% of total volume. Moreover, plastic furniture fittings production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Russia ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of plastic fittings for furniture to Cuba?

In value terms, Spain constituted the largest supplier of plastic fittings for furniture to Cuba, comprising 43% of total imports. The second position in the ranking was held by China, with a 5.7% share of total imports.

What are the leading importers of plastic fittings for furniture from Cuba?

In value terms, the largest markets for plastic furniture fittings exported from Cuba were the Czech Republic $57) and Canada $43).

What is the average export price for plastic fittings for furniture in Cuba?

In 2021, the average plastic furniture fittings export price amounted to $6,250 per ton, remaining constant against the previous year.

What is the average import price for plastic fittings for furniture in Cuba?

In 2021, the average plastic furniture fittings import price amounted to $9,948 per ton, rising by 21% against the previous year.

This report provides an in-depth analysis of the plastic furniture fittings 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 22292610 - Plastic fittings for furniture, coachwork or the like

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