Report Update Apr 1, 2024

Cuba - Wooden Frames for Paintings, Photographs, Mirrors or Similar Objects - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Wooden Frame Market 2024

Wooden Frame Market Size in Cuba

In 2021, after three years of growth, there was significant decline in the Cuban wooden frame market, when its value decreased by -61.8% to $X. Overall, consumption continues to indicate a perceptible contraction. Wooden frame consumption peaked at $X in 2020, and then declined remarkably in the following year.

Wooden Frame Exports

Exports from Cuba

After three years of growth, overseas shipments of wooden frames for paintings, photographs, mirrors or similar objects decreased by -95.7% to X units in 2020. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2019 with an increase of 155% against the previous year. As a result, the exports attained the peak of X units, and then shrank markedly in the following year.

In value terms, wooden frame exports reduced markedly to $X in 2020. In general, exports faced a deep downturn. The pace of growth appeared the most rapid in 2019 with an increase of 92% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

Angola (X units) was the main destination for wooden frame exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Angola was relatively modest.

In value terms, Angola ($X) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Cuba.

From 2012 to 2020, the average annual growth rate of value to Angola was relatively modest.

Export Prices by Country

The average wooden frame export price stood at $X per unit in 2020, with an increase of 165% against the previous year. Over the period under review, the export price enjoyed a resilient expansion. The export price peaked at $X per unit in 2013; however, from 2014 to 2020, 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 2020, the rate of growth in terms of prices for Costa Rica amounted to -12.4% per year.

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Wooden Frame Imports

Imports into Cuba

In 2021, overseas purchases of wooden frames for paintings, photographs, mirrors or similar objects decreased by -67.1% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 489% against the previous year. Over the period under review, imports attained the maximum at X units in 2020, and then reduced remarkably in the following year.

In value terms, wooden frame imports shrank dramatically to $X in 2021. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 676% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of wooden frame to Cuba, with a 85% share of total imports. Moreover, wooden frame imports from Italy exceeded the figures recorded by the second-largest supplier, Panama (X units), more than tenfold. The third position in this ranking was taken by Spain (X units), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-4.4% per year) and Spain (-22.3% per year).

In value terms, Italy ($X) constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Cuba, comprising 91% of total imports. The second position in the ranking was taken by Spain ($X), with a 3.7% share of total imports. It was followed by Panama, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-24.8% per year) and Panama (-0.1% per year).

Import Prices by Country

In 2021, the average wooden frame import price amounted to $X per unit, increasing by 27% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 32%. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Panama ($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 (+4.6%), 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 wooden frames for paintings, photographs, mirrors or similar objects in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by the UK, Italy, Poland, Indonesia, Brazil, Mexico, Bangladesh, Malaysia and France, which together accounted for a further 27%.

What are the largest producers of wooden frames for paintings, photographs, mirrors or similar objects in the world?

The country with the largest volume of wooden frame production was China, comprising approx. 48% of total volume. Moreover, wooden frame production in China exceeded the figures recorded by the second-largest producer, India, fivefold. Brazil ranked third in terms of total production with a 4.4% share.

What are the leading suppliers of wooden frames for paintings, photographs, mirrors or similar objects to Cuba?

In value terms, Italy constituted the largest supplier of wooden frames for paintings, photographs, mirrors or similar objects to Cuba, comprising 91% of total imports. The second position in the ranking was held by Spain, with a 3.7% share of total imports. It was followed by Panama, with a 2.8% share.

What are the leading importers of wooden frames for paintings, photographs, mirrors or similar objects from Cuba?

In value terms, Angola $79) emerged as the key foreign market for wooden frames for paintings, photographs, mirrors or similar objects exports from Cuba.

What is the average export price for wooden frames for paintings, photographs, mirrors or similar objects in Cuba?

The average wooden frame export price stood at $4.4 per unit in 2020, increasing by 165% against the previous year.

What is the average import price for wooden frames for paintings, photographs, mirrors or similar objects in Cuba?

The average wooden frame import price stood at $7.6 per unit in 2021, picking up by 27% against the previous year.

This report provides an in-depth analysis of the wooden frame 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 16291420 - Wooden frames for paintings, photographs, mirrors or similar objects

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