Report Update Apr 1, 2024

Cuba - Public-Transport Type Passenger Motor Vehicles - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Bus Market 2024

Bus Market Size in Cuba

The Cuban bus market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, showed a precipitous curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Bus Exports

Exports from Cuba

Bus exports from Cuba rose slightly to X units in 2013, surging by 4.7% against 2012. The total export volume increased at an average annual rate of +4.7% over the period from 2012 to 2013; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bus exports expanded slightly to $X in 2013. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2013; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for bus exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to Nigeria was relatively modest.

In value terms, Nigeria ($X) emerged as the key foreign market for public-transport type passenger motor vehicles exports from Cuba.

From 2012 to 2013, the average annual growth rate of value to Nigeria was relatively modest.

Export Prices by Country

In 2013, the average bus export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2012, and then dropped in the following year.

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

From 2012 to 2013, the rate of growth in terms of prices for Mali amounted to 0.0% per year.

Bus Imports

Imports into Cuba

In 2021, after three years of decline, there was significant growth in purchases abroad of public-transport type passenger motor vehicles, when their volume increased by 155% to X units. Over the period under review, imports, however, showed a sharp downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 212%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, bus imports soared to $X in 2021. Overall, imports, however, showed a sharp descent. The pace of growth was the most pronounced in 2015 with an increase of 293%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bus to Cuba, accounting for a 40% share of total imports. Moreover, bus imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X units), threefold. The third position in this ranking was held by Japan (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (-44.3% per year) and Japan (+34.1% per year).

In value terms, China ($X) constituted the largest supplier of public-transport type passenger motor vehicles to Cuba, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports. It was followed by Egypt, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.2% per year) and Egypt (-55.4% per year).

Import Prices by Country

The average bus import price stood at $X per unit in 2021, with an increase of 16% against the previous year. Over the period under review, the import price, however, continues to indicate a mild descent. The growth pace was the most rapid in 2015 an increase of 26%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), 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 public-transport type passenger motor vehicles in the world?

The country with the largest volume of bus consumption was China, comprising approx. 20% of total volume. Moreover, bus consumption in China exceeded the figures recorded by the second-largest consumer, Ecuador, twofold. The third position in this ranking was taken by the United States, with a 6.1% share.

What are the largest producers of public-transport type passenger motor vehicles in the world?

China remains the largest bus producing country worldwide, comprising approx. 28% of total volume. Moreover, bus production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was held by Ecuador, with an 8.4% share.

What are the leading suppliers of public-transport type passenger motor vehicles to Cuba?

In value terms, China constituted the largest supplier of public-transport type passenger motor vehicles to Cuba, comprising 51% of total imports. The second position in the ranking was taken by South Korea, with an 11% share of total imports. It was followed by Egypt, with a 10% share.

What are the leading importers of public-transport type passenger motor vehicles from Cuba?

In value terms, Nigeria emerged as the key foreign market for public-transport type passenger motor vehicles exports from Cuba.

What is the average export price for public-transport type passenger motor vehicles in Cuba?

The average bus export price stood at $14 per unit in 2013, standing approx. at the previous year.

What is the average import price for public-transport type passenger motor vehicles in Cuba?

In 2021, the average bus import price amounted to $67 per unit, rising by 16% against the previous year.

This report provides an in-depth analysis of the bus 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 29103000 - Motor vehicles for the transport of . .10 persons

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