Cuba: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Cuba

The Cuban gas and smoke analyser market surged to $X in 2021, with an increase of 33% 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, however, posted mild growth. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Gas and Smoke Analysers

Exports from Cuba

For the sixth consecutive year, Cuba recorded decline in overseas shipments of gas and smoke analysers, which decreased by -30.8% to X units in 2021. Over the period under review, exports showed a sharp contraction. The pace of growth appeared the most rapid in 2015 with an increase of 926% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, gas and smoke analyser exports dropped dramatically to $X in 2021. Overall, exports saw a precipitous setback. The growth pace was the most rapid in 2015 when exports increased by 468%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X units), Belgium (X units) and Germany (X units) were the main destinations of gas and smoke analyser exports from Cuba, together comprising 67% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +12.2%), while shipments for the other leaders experienced a decline.

In value terms, Spain ($X) remains the key foreign market for gas and smoke analysers exports from Cuba, comprising 34% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at -20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.3% per year) and Belgium (-34.8% per year).

Export Prices by Country

In 2021, the average gas and smoke analyser export price amounted to $X per unit, with a decrease of -19% against the previous year. Overall, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 134% against the previous year. The export price peaked at $X per unit in 2020, and then declined sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Spain ($X per unit), while the average price for exports to Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Gas and Smoke Analysers

Imports into Cuba

In 2021, approx. X units of gas and smoke analysers were imported into Cuba; with a decrease of -2.1% on the year before. In general, imports showed a mild decline. The pace of growth appeared the most rapid in 2018 when imports increased by 204% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, gas and smoke analyser imports skyrocketed to $X in 2021. Overall, imports recorded a slight reduction. The growth pace was the most rapid in 2014 with an increase of 432%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X units) constituted the largest supplier of gas and smoke analyser to Cuba, accounting for a 56% share of total imports. Moreover, gas and smoke analyser imports from Mexico exceeded the figures recorded by the second-largest supplier, Canada (X units), fivefold. The third position in this ranking was held by Russia (X units), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to +48.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-10.5% per year) and Russia (+77.8% per year).

In value terms, Mexico ($X), Germany ($X) and China ($X) constituted the largest gas and smoke analyser suppliers to Cuba, with a combined 53% share of total imports. Canada, Italy, Spain, Russia and Japan lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, Russia, with a CAGR of +50.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gas and smoke analyser import price stood at $X per unit in 2021, surging by 73% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 75%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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