Cuba: Unvulcanized Rubber Market 2022

Unvulcanized Rubber Market Size in Cuba

The Cuban unvulcanized rubber market shrank rapidly to $X in 2021, waning by -X% 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). Over the period under review, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Cuba

After two years of decline, overseas shipments of unvulcanized rubber and articles thereof decreased by X% to less than X kg in 2021. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, unvulcanized rubber exports stood at less than $X in 2021. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

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 in Colombia (with a CAGR of X 2012 to 2018, the average annual rate of growth in terms of value to New Zealand was relatively modest.

Export Prices by Country

In 2018, the average unvulcanized rubber export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2018, the export prices remained at a lower figure.

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

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Unvulcanized Rubber Imports

Imports into Cuba

In 2021, imports of unvulcanized rubber and articles thereof into Cuba shrank markedly to X tons, dropping by -X% compared with the previous year. In general, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, unvulcanized rubber imports reduced dramatically to $X in 2021. Overall, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Dominican Republic (X tons) constituted the largest supplier of unvulcanized rubber to Cuba, with a X% share of total imports. Moreover, unvulcanized rubber imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Venezuela (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the Dominican Republic stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Venezuela (-X% per year).

In value terms, China ($X), Venezuela ($X) and the Dominican Republic ($X) were the largest unvulcanized rubber suppliers to Cuba, together comprising X% of total imports.

The Dominican Republic, with a CAGR of +X%, recorded 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 a decline.

Import Prices by Country

In 2021, the average unvulcanized rubber import price amounted to $X per ton, falling by -X% against the previous year. Overall, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

Source: IndexBox Platform