Cuba: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2022

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Cuba

After four years of decline, the Cuban market for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to $X in 2021. In general, consumption, however, saw a abrupt contraction. Consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Cuba

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2021 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Cuba

Exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Cuba amounted to less than X units in 2021, standing approx. at 2020. Over the period under review, exports continue to indicate a precipitous contraction. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to less than $X in 2021. In general, exports recorded a sharp shrinkage. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Cuba, with a X% share of total exports. It was followed by Slovenia (X units), with a X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Norway stood at -X%.

In value terms, Norway ($X) remains the key foreign market for agricultural, construction and industrial machinery tyre exports from Cuba, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of value to Norway totaled -X%.

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2015, waning by -X% against the previous year. In general, the export price showed a abrupt setback. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014, and then dropped in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Slovenia totaled $X per unit.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%).

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Cuba

In 2021, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Cuba skyrocketed to X units, increasing by X% against 2020. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2021. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Cuba, with a X% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Canada exceeded the figures recorded by the second-largest supplier, India (X units), twofold. Japan (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Japan (+X% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Cuba were Portugal ($X), Canada ($X) and Japan ($X), with a combined X% share of total imports. India, Spain, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further X terms of the main suppliers, India, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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