Report Update Apr 1, 2024

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

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Cuba: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Cuba

The Cuban unvulcanized rubber market declined rapidly to $X in 2021, waning by -89.9% against 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). Overall, consumption recorded a sharp setback. Unvulcanized rubber consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Cuba

In 2018, shipments abroad of unvulcanized rubber and articles thereof decreased by 0% to X tons, falling for the second consecutive year after four years of decline. Overall, exports recorded a slight descent. The smallest decline of -89.1% was in 2013. The exports peaked at X tons in 2016; however, from 2017 to 2018, the exports remained at a lower figure.

In value terms, unvulcanized rubber exports amounted to $X in 2018. Over the period under review, exports showed a abrupt decrease. The smallest decline of -89.4% was in 2013. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2018, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) and New Zealand (X tons) were the main destinations of unvulcanized rubber exports from Cuba.

From 2012 to 2018, the biggest increases were recorded for Colombia (with a CAGR of 0.0%).

From 2012 to 2018, the average annual growth rate of value to New Zealand was relatively modest.

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2018, approximately reflecting the previous year. Over the period under review, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2013 a decrease of -2.8% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while the average price for exports to Colombia totaled $X per ton.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Cuba

Unvulcanized rubber imports into Cuba dropped notably to X tons in 2021, reducing by -91.9% compared with the previous year. In general, imports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 624%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, unvulcanized rubber imports declined markedly to $X in 2021. Overall, imports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 417%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Panama (X tons) and Malaysia (X tons) were the main suppliers of unvulcanized rubber imports to Cuba, together comprising 50% of total imports. These countries were followed by Spain, Germany, Venezuela and France, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +47.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Cuba, comprising 29% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-38.0% per year) and Germany (+22.0% per year).

Import Prices by Country

In 2021, the average unvulcanized rubber import price amounted to $X per ton, surging by 36% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for France ($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 (+8.3%), 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 unvulcanized rubber and articles thereof in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, with a combined 47% share of global consumption. These countries were followed by Italy, Russia, Indonesia, Spain, India, Germany, Poland, Canada, France and Mexico, which together accounted for a further 28%.

What are the largest producers of unvulcanized rubber and articles thereof in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Brazil, with a combined 47% share of global production.

What are the leading suppliers of unvulcanized rubber and articles thereof to Cuba?

In value terms, Spain constituted the largest supplier of unvulcanized rubber and articles thereof to Cuba, comprising 29% of total imports. The second position in the ranking was held by China, with a 14% share of total imports. It was followed by Germany, with an 11% share.

What is the average export price for unvulcanized rubber and articles thereof in Cuba?

The average unvulcanized rubber export price stood at $4,712 per ton in 2018, remaining constant against the previous year.

What is the average import price for unvulcanized rubber and articles thereof in Cuba?

In 2021, the average unvulcanized rubber import price amounted to $5,956 per ton, surging by 36% against the previous year.

This report provides an in-depth analysis of the unvulcanized 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 22192013 - Rubber compounded with carbon black or silica, unvulcanised
Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
Prodcom 22192050 - Vulcanised rubber thread and cord
Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
Prodcom 22192087 - Extruded solid rubber rods and profiles

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