Cuba: Wheelchair Market 2022

Wheelchair Market Size in Cuba

In 2021, the Cuban wheelchair market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, faced a abrupt slump. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Wheelchair Exports

Exports from Cuba

Wheelchair exports from Cuba totaled X units in 2016, approximately reflecting 2015. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, wheelchair exports amounted to $X in 2016. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

New Zealand (X units) and Jamaica (X units) were the main destinations of wheelchair exports from Cuba.

From 2014 to 2016, the biggest increases were in New Zealand (with a CAGR of 0.0%).

From 2014 to 2016, the average annual rate of growth in terms of value to New Zealand was relatively modest.

Export Prices by Country

In 2016, the average wheelchair export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Angola (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wheelchair Imports

Imports into Cuba

In 2021, purchases abroad of wheelchairs was finally on the rise to reach X units after two years of decline. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 193%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, wheelchair imports surged to $X in 2021. Over the period under review, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 142%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main wheelchair supplier to Cuba, with a 91% share of total imports. Moreover, wheelchair imports from China exceeded the figures recorded by the second-largest supplier, Guatemala (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (-15.6% per year) and Spain (+45.4% per year).

In value terms, China ($X) constituted the largest supplier of wheelchair to Cuba, comprising 75% of total imports. The second position in the ranking was taken by Guatemala ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+3.5% per year) and Spain (+45.0% per year).

Import Prices by Country

In 2021, the average wheelchair import price amounted to $X per unit, standing approx. at the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheelchair import price increased by +67.7% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 86% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+22.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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