Cuba: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Cuba

For the third year in a row, the Cuban wooden joinery and carpentry market recorded decline in sales value, which decreased by -30.4% to $X in 2021. Over the period under review, consumption saw a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Cuba

After seven years of decline, overseas shipments of builders' joinery and carpentry of wood increased by 66% to X kg in 2021. Overall, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2013 with an increase of 298% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wooden joinery and carpentry exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Madagascar (X kg), Spain (X kg) and Angola (X kg) were the main destinations of wooden joinery and carpentry exports from Cuba, with a combined 99% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Angola (with a CAGR of +2,316.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wooden joinery and carpentry exported from Cuba were Angola ($X), Spain ($X) and Madagascar ($X), with a combined 96% share of total exports.

Among the main countries of destination, Angola, with a CAGR of +7,300.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wooden joinery and carpentry export price amounted to $X per ton, flattening at the previous year. Overall, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by 4.4% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+210.0%).

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Imports of Builders' Joinery And Carpentry Of Wood

Imports into Cuba

In 2021, the amount of builders' joinery and carpentry of wood imported into Cuba fell notably to X tons, shrinking by -34.7% compared with the previous year. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2018 when imports increased by 123% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wooden joinery and carpentry imports shrank sharply to $X in 2021. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 72% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Mexico (X tons) and Austria (X tons) were the main suppliers of wooden joinery and carpentry 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 Brazil (with a CAGR of +23.4%), while imports for the other leaders experienced a decline.

In value terms, the largest wooden joinery and carpentry suppliers to Cuba were Spain ($X), Brazil ($X) and Austria ($X), with a combined 44% share of total imports.

Brazil, with a CAGR of +3.0%, saw 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

The average wooden joinery and carpentry import price stood at $X per ton in 2021, picking up by 8.9% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wooden joinery and carpentry import price increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 40%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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