
Cuba - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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Cuba: Tyre Cord Fabric Market 2022
Tyre Cord Fabric Market Size in Cuba
In 2021, the Cuban tyre cord fabric market increased by X% to $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption continues to indicate a temperate expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Tyre Cord Fabric Imports
Imports into Cuba
In 2021, overseas purchases of tyre cord fabric of high tenacity yarn were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, imports saw a notable expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.
In value terms, tyre cord fabric imports amounted to $X in 2021. In general, imports posted a temperate increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, China (X tons) was the main supplier of tyre cord fabric to Cuba, with a X% share of total imports. Moreover, tyre cord fabric imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%.
In value terms, China ($X) constituted the largest supplier of tyre cord fabric to Cuba, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%.
Import Prices by Country
In 2021, the average tyre cord fabric import price amounted to $X per ton, waning by -X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then reduced in the following year.
Prices varied noticeably by the country of origin: the country with the highest price was China ($X per ton), while the price for Colombia stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tyre cord fabric 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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