Report Update Apr 1, 2024

Cuba - Synthetic Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Synthetic Rubber Market 2024

Synthetic Rubber Market Size in Cuba

The Cuban synthetic rubber market totaled less than $X in 2021, almost unchanged from 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). Over the period under review, consumption showed a relatively flat trend pattern.

Synthetic Rubber Exports

Exports from Cuba

In 2021, approx. less than X kg of synthetic rubber were exported from Cuba; approximately reflecting 2020. Overall, exports showed a relatively flat trend pattern.

In value terms, synthetic rubber exports amounted to less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

Indonesia (X tons) was the main destination for synthetic rubber exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Indonesia totaled -32.0%.

In value terms, Indonesia ($X) also remains the key foreign market for synthetic rubber exports from Cuba.

From 2012 to 2016, the average annual rate of growth in terms of value to Indonesia amounted to -46.7%.

Export Prices by Country

The average synthetic rubber export price stood at less than $X per ton in 2016, approximately reflecting the previous year. Overall, the export price saw a relatively flat trend pattern.

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

From 2012 to 2016, the rate of growth in terms of prices for Indonesia amounted to -21.6% per year.

Synthetic Rubber Imports

Imports into Cuba

In 2021, approx. less than X kg of synthetic rubber were imported into Cuba; remaining relatively unchanged against 2020 figures. In general, imports saw a relatively flat trend pattern.

In value terms, synthetic rubber imports amounted to less than $X in 2021. Overall, imports saw a relatively flat trend pattern.

Imports by Country

Mexico (X tons), China (X tons) and Italy (X tons) were the main suppliers of synthetic rubber imports to Cuba, together accounting for 43% of total imports. Japan, Canada, the Netherlands and Spain lagged somewhat behind, together accounting for a further 57%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic rubber suppliers to Cuba were China ($X), Mexico ($X) and Italy ($X), together comprising 43% of total imports.

China, with a CAGR of +6.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average synthetic rubber import price stood at less than $X per ton in 2021, approximately reflecting the previous year. Overall, the import price saw a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Japan ($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 (+20.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for synthetic rubber in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Japan, together accounting for 46% of global consumption. These countries were followed by Indonesia, Mexico, Germany, India, Malaysia, Italy, Brazil, Thailand, Russia and Canada, which together accounted for a further 32%.

What are the largest producers of synthetic rubber in the world?

The countries with the highest volumes of production in 2021 were the United States, South Korea and Japan, with a combined 34% share of global production. These countries were followed by China, Russia, Thailand, Vietnam, Germany, Indonesia, Mexico, Taiwan Chinese), France and Italy, which together accounted for a further 49%.

What are the leading suppliers of synthetic rubber to Cuba?

In value terms, the largest synthetic rubber suppliers to Cuba were China, Mexico and Italy, with a combined 43% share of total imports.

What are the leading importers of synthetic rubber from Cuba?

In value terms, Indonesia remains the key foreign market for synthetic rubber exports from Cuba.

What is the average export price for synthetic rubber in Cuba?

In 2016, the average synthetic rubber export price amounted to less than $0.1 per ton, remaining relatively unchanged against the previous year.

What is the average import price for synthetic rubber in Cuba?

In 2021, the average synthetic rubber import price amounted to less than $0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the synthetic rubber 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 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

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