Report Update May 1, 2024

Cuba - Vehicles not Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Cuba

For the third year in a row, the Cuban non-propelled vehicle market recorded decline in sales value, which decreased by -57.9% to $X in 2021. Overall, consumption recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports from Cuba

In 2019, approx. X units of vehicles not mechanically propelled were exported from Cuba; approximately reflecting 2018 figures. Overall, exports recorded a dramatic decline. The smallest decline of -40% was in 2015. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, non-propelled vehicle exports stood at $X in 2019. Over the period under review, exports saw a sharp shrinkage. The smallest decline of -61.5% was in 2015. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Angola (X units) was the main destination for non-propelled vehicle exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Angola was relatively modest.

From 2012 to 2019, the average annual growth rate of value to Angola was relatively modest.

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2019, remaining relatively unchanged against the previous year. In general, the export price faced a deep setback. The growth pace was the most rapid in 2015 a decrease of -35.8% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Angola.

From 2012 to 2019, the rate of growth in terms of prices for Costa Rica amounted to -35.8% per year.

Non-Propelled Vehicle Imports

Imports into Cuba

In 2021, supplies from abroad of vehicles not mechanically propelled decreased by -63.5% to X units, falling for the sixth year in a row after four years of growth. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when imports increased by 72% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, non-propelled vehicle imports contracted markedly to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 77%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), China (X units) and Spain (X units) were the main suppliers of non-propelled vehicle imports to Cuba, together accounting for 65% of total imports.

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 +54.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and China ($X) were the largest non-propelled vehicle suppliers to Cuba, together accounting for 61% of total imports.

Among the main suppliers, France, with a CAGR of +40.1%, saw the highest rates of growth with regard to 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

The average non-propelled vehicle import price stood at $X per unit in 2021, surging by 21% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vehicles not mechanically propelled in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 44% of global consumption. These countries were followed by Russia, Germany, Brazil, Bangladesh, Italy, South Korea, the UK, Mexico, Canada and Thailand, which together accounted for a further 27%.

What are the largest producers of vehicles not mechanically propelled in the world?

China constituted the country with the largest volume of non-propelled vehicle production, accounting for 51% of total volume. Moreover, non-propelled vehicle production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The United States ranked third in terms of total production with a 5.1% share.

What are the leading suppliers of vehicles not mechanically propelled to Cuba?

In value terms, Spain, France and China constituted the largest non-propelled vehicle suppliers to Cuba, together accounting for 61% of total imports.

What is the average export price for vehicles not mechanically propelled in Cuba?

The average non-propelled vehicle export price stood at $61 per unit in 2019, remaining constant against the previous year.

What is the average import price for vehicles not mechanically propelled in Cuba?

In 2021, the average non-propelled vehicle import price amounted to $56 per unit, growing by 21% against the previous year.

This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys

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