Report Update Apr 1, 2024

Cuba - Starter Motors and Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Starter Motor Market 2024

Starter Motor Market Size in Cuba

The Cuban starter motor market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Starter motor consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Starter Motor Exports

Exports from Cuba

For the fifth year in a row, Cuba recorded growth in shipments abroad of starter motors and dual purpose starter generators, which increased by 100% to X units in 2021. Over the period under review, exports recorded notable growth. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, starter motor exports skyrocketed to $X in 2021. Overall, exports posted strong growth. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Montenegro (X units) was the main destination for starter motor exports from Cuba, with a 83% share of total exports. Moreover, starter motor exports to Montenegro exceeded the volume sent to the second major destination, Colombia (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Montenegro was relatively modest.

In value terms, Montenegro ($X) emerged as the key foreign market for starter motors and dual purpose starter generators exports from Cuba, comprising 69% of total exports. The second position in the ranking was held by Colombia ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Montenegro was relatively modest.

Export Prices by Country

The average starter motor export price stood at $X per unit in 2021, dropping by -31.3% against the previous year. Over the period under review, the export price, however, continues to indicate a modest increase. The pace of growth was the most pronounced in 2013 a decrease of -12.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then dropped significantly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per unit), while the average price for exports to Montenegro stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+29.3%).

Starter Motor Imports

Imports into Cuba

In 2021, purchases abroad of starter motors and dual purpose starter generators was finally on the rise to reach X units after three years of decline. Overall, imports, however, saw a perceptible decline. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, starter motor imports skyrocketed to $X in 2021. In general, imports, however, recorded a abrupt downturn. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X units) constituted the largest supplier of starter motor to Cuba, with a 28% share of total imports. Moreover, starter motor imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Estonia (X units), with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and Estonia (+63.5% per year).

In value terms, Russia ($X) constituted the largest supplier of starter motors and dual purpose starter generators to Cuba, comprising 31% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Estonia, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.0% per year) and Estonia (+55.5% per year).

Import Prices by Country

The average starter motor import price stood at $X per unit in 2021, falling by -28.2% against the previous year. In general, the import price saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 an increase of 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Panama ($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 (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for starter motors and dual purpose starter generators in the world?

The countries with the highest volumes of consumption in 2021 were the United States, China and Japan, with a combined 58% share of global consumption. These countries were followed by India, Germany, Russia, Indonesia, Brazil and France, which together accounted for a further 18%.

What are the largest producers of starter motors and dual purpose starter generators in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Japan, with a combined 66% share of global production. These countries were followed by India, South Korea, Hungary, Indonesia, Russia, Poland, Germany and Brazil, which together accounted for a further 21%.

What are the leading suppliers of starter motors and dual purpose starter generators to Cuba?

In value terms, Russia constituted the largest supplier of starter motors and dual purpose starter generators to Cuba, comprising 31% of total imports. The second position in the ranking was held by China, with a 14% share of total imports. It was followed by Estonia, with a 5.5% share.

What are the leading importers of starter motors and dual purpose starter generators from Cuba?

In value terms, Montenegro $512) emerged as the key foreign market for starter motors and dual purpose starter generators exports from Cuba, comprising 69% of total exports. The second position in the ranking was taken by Colombia $234), with a 31% share of total exports.

What is the average export price for starter motors and dual purpose starter generators in Cuba?

In 2021, the average starter motor export price amounted to $124 per unit, reducing by -31.3% against the previous year.

What is the average import price for starter motors and dual purpose starter generators in Cuba?

In 2021, the average starter motor import price amounted to $52 per unit, declining by -28.2% against the previous year.

This report provides an in-depth analysis of the starter motor 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 29312230 - Starter motors and dual-purpose starter-generators

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