Report Update Apr 1, 2024

Cuba - Tankers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Tanker Market 2024

Tanker Market Size in Cuba

The Cuban tanker market was estimated at 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 recorded a relatively flat trend pattern.

Tanker Exports

Exports from Cuba

Tanker exports from Cuba was estimated at less than X units in 2021, remaining relatively unchanged against 2020. Overall, exports saw a relatively flat trend pattern.

In value terms, tanker exports totaled less than $X in 2021. In general, exports continue to indicate a relatively flat trend pattern.

Exports by Country

South Korea (X units) and China (X units) were the major exporters of tankers in 2021, resulting at near 34% and 26% of total exports, respectively. It was distantly followed by Japan (X units), creating a 15% share of total exports. Russia (X units), Marshall Islands (X units), Poland (X units), Norway (X units), Liberia (X units) and the Philippines (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +23.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tanker supplying countries from Cuba were South Korea ($X), China ($X) and Japan ($X), with a combined 74% share of total exports. These countries were followed by Marshall Islands, Poland, Russia, Liberia, Norway and the Philippines, which together accounted for a further 16%.

In terms of the main exporting countries, Marshall Islands, with a CAGR of +24.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Cuba stood at less than $X per thousand units in 2021, remaining constant against the previous year. Over the period under review, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Marshall Islands ($X per thousand units), while the Philippines ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.6%), while the other leaders experienced more modest paces of growth.

Tanker Imports

Imports into Cuba

In 2021, tanker imports into Cuba totaled less than X units, remaining stable against the previous year's figure. Overall, imports showed a relatively flat trend pattern.

In value terms, tanker imports amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The countries with the highest levels of tanker imports in 2021 were South Africa (X units), Marshall Islands (X units), Liberia (X units), Panama (X units) and Singapore (X units), together accounting for 57% of total import. The following importers - Indonesia (X units), Denmark (X units), Norway (X units), Belgium (X units), Thailand (X units), Russia (X units), India (X units) and Cyprus (X units) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Africa (with a CAGR of +61.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Marshall Islands ($X) and Singapore ($X) were the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. Liberia, Panama, Denmark, Norway, India, Indonesia, Belgium, Cyprus, Thailand and South Africa lagged somewhat behind, together comprising a further 34%.

South Africa, with a CAGR of +197.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Cuba amounted to less than $X per thousand units, approximately mirroring the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per thousand units), while South Africa ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+86.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tankers in the world?

South Korea remains the largest tanker consuming country worldwide, comprising approx. 28% of total volume. Moreover, tanker consumption in South Korea exceeded the figures recorded by the second-largest consumer, South Africa, threefold. Japan ranked third in terms of total consumption with a 6.1% share.

What are the largest producers of tankers in the world?

South Korea constituted the country with the largest volume of tanker production, comprising approx. 45% of total volume. Moreover, tanker production in South Korea exceeded the figures recorded by the second-largest producer, China, threefold. Japan ranked third in terms of total production with a 13% share.

What are the leading suppliers of tankers to Cuba?

In value terms, Russia, Marshall Islands and Singapore constituted the countries with the highest levels of imports in 2021, together comprising 46% of total imports. These countries were followed by Liberia, Panama, Denmark, Norway, India, Indonesia, Belgium, Cyprus, Thailand and South Africa, which together accounted for a further 34%.

What are the leading importers of tankers from Cuba?

In value terms, the largest tanker supplying countries from Cuba were South Korea, China and Japan, with a combined 74% share of total exports. These countries were followed by Marshall Islands, Poland, Russia, Liberia, Norway and the Philippines, which together accounted for a further 16%.

What is the average export price for tankers in Cuba?

The export price in Cuba stood at less than $0.1 per thousand units in 2021, remaining stable against the previous year.

What is the average import price for tankers in Cuba?

In 2021, the import price in Cuba amounted to less than $0.1 per thousand units, approximately reflecting the previous year.

This report provides an in-depth analysis of the tanker 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 30112210 - Crude oil tankers
Prodcom 30112230 - Oil product tankers
Prodcom 30112250 - Chemical tankers
Prodcom 30112270 - Gas carriers

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