Cuba: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Cuba

The Cuban market for plastics pipes and pipe fittings rose remarkably to $X in 2021, surging by 8% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.9% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Plastics Pipes And Pipe Fittings in Cuba

In value terms, plastics pipe and pipe fitting production rose markedly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.2% against 2019 indices. The growth pace was the most rapid in 2018 with an increase of 30%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Cuba

In 2020, after two years of decline, there was decline in shipments abroad of plastics pipes and pipe fittings, when their volume decreased by 0% to X kg. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

In value terms, plastics pipe and pipe fitting exports amounted to $X in 2020. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2017 when exports increased by 234%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for plastics pipe and pipe fitting exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Burkina Faso was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Burkina Faso was relatively modest.

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2020, approximately equating the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 367%. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, 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 Burkina Faso.

From 2012 to 2020, the rate of growth in terms of prices for Venezuela amounted to +368.4% per year.

Imports of Plastics Pipes And Pipe Fittings

Imports into Cuba

In 2021, purchases abroad of plastics pipes and pipe fittings decreased by -34.9% to X tons, falling for the sixth consecutive year after two years of growth. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by 74%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting imports dropped markedly to $X in 2021. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by 51% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Colombia (X tons), China (X tons) and Italy (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Cuba, together accounting for 55% of total imports. Spain, Mexico, Portugal, Nicaragua and Peru lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +21.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plastics pipe and pipe fitting suppliers to Cuba were Spain ($X), Italy ($X) and Colombia ($X), with a combined 56% share of total imports. These countries were followed by China, Mexico, Portugal, Nicaragua and Peru, which together accounted for a further 29%.

Portugal, with a CAGR of +20.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for plastics pipes and pipe fittings amounted to $X per ton, picking up by 8.4% against the previous year. Overall, the import price, however, recorded a slight contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Nicaragua ($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 (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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