Report Update Apr 1, 2024

Cuba - Stainless Steel Sinks and Wash Basins - 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: Stainless Steel Sink Market 2024

Stainless Steel Sink Market Size in Cuba

The Cuban stainless steel sink market plummeted to $X in 2021, waning by -28% 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). In general, consumption showed a deep setback. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Stainless Steel Sink Exports

Exports from Cuba

In 2020, approx. X units of stainless steel sinks and wash basins were exported from Cuba; with a decrease of -8% on the year before. Overall, exports recorded a dramatic descent. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

In value terms, stainless steel sink exports reduced to $X in 2020. In general, exports faced a abrupt decline. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

Exports by Country

Honduras (X units) was the main destination for stainless steel sink exports from Cuba, accounting for a approx. 100% share of total exports.

From 2018 to 2020, the average annual growth rate of volume to Honduras was relatively modest.

In value terms, Honduras ($X) emerged as the key foreign market for stainless steel sink exports from Cuba.

From 2018 to 2020, the average annual rate of growth in terms of value to Honduras was relatively modest.

Export Prices by Country

In 2020, the average stainless steel sink export price amounted to $X per unit, dropping by -2.2% against the previous year. In general, the export price, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2019 an increase of 123%. As a result, the export price reached the peak level of $X per unit, and then declined slightly in the following year.

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

From 2018 to 2020, the rate of growth in terms of prices for Honduras amounted to 0.0% per year.

Stainless Steel Sink Imports

Imports into Cuba

For the third consecutive year, Cuba recorded decline in supplies from abroad of stainless steel sinks and wash basins, which decreased by -4.3% to X units in 2021. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 454%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel sink imports contracted significantly to $X in 2021. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 520% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest supplier of stainless steel sink to Cuba, accounting for a 77% share of total imports. Moreover, stainless steel sink imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. Spain (X units) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-31.0% per year) and Spain (-1.6% per year).

In value terms, Brazil ($X) constituted the largest supplier of stainless steel sink to Cuba, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 6.5% share of total imports. It was followed by Colombia, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-35.8% per year) and Colombia (-10.1% per year).

Import Prices by Country

The average stainless steel sink import price stood at $X per unit in 2021, reducing by -33.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 51%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Colombia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for stainless steel sinks and wash basins in the world?

The countries with the highest volumes of consumption in 2021 were the United States, India and China, with a combined 25% share of global consumption. Russia, Brazil, Pakistan, Japan, Malaysia, Indonesia, Canada, the UK, Germany and Australia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of stainless steel sinks and wash basins in the world?

The country with the largest volume of stainless steel sink production was China, comprising approx. 53% of total volume. Moreover, stainless steel sink production in China exceeded the figures recorded by the second-largest producer, India, eightfold. The third position in this ranking was taken by the United States, with a 4.9% share.

What are the leading suppliers of stainless steel sinks and wash basins to Cuba?

In value terms, Brazil constituted the largest supplier of stainless steel sink to Cuba, comprising 83% of total imports. The second position in the ranking was held by China, with a 6.5% share of total imports. It was followed by Colombia, with a 4.8% share.

What are the leading importers of stainless steel sinks and wash basins from Cuba?

In value terms, Honduras $198) emerged as the key foreign market for stainless steel sink exports from Cuba.

What is the average export price for stainless steel sinks and wash basins in Cuba?

The average stainless steel sink export price stood at $8.6 per unit in 2020, falling by -2.2% against the previous year.

What is the average import price for stainless steel sinks and wash basins in Cuba?

The average stainless steel sink import price stood at $7.8 per unit in 2021, declining by -33.4% against the previous year.

This report provides an in-depth analysis of the stainless steel sink 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 25991110 - Stainless steel sinks and wash basins

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