Report Update Apr 1, 2024

Cuba - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Accumulator Market 2024

Accumulator Market Size in Cuba

After two years of decline, the Cuban accumulator market increased by 128% to $X in 2021. In general, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Accumulator Exports

Exports from Cuba

In 2021, overseas shipments of electric accumulators increased by 83% to X units, rising for the third consecutive year after six years of decline. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 495%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, accumulator exports surged to $X in 2021. In general, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2020 when exports increased by 114% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units) was the main destination for accumulator exports from Cuba, accounting for a 1% share of total exports. It was followed by Costa Rica (X units), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +107.8%.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +84.7%.

Export Prices by Country

The average accumulator export price stood at $X per unit in 2021, declining by -16.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 151% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Costa Rica totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+94.5%), while the prices for the other major destinations experienced a decline.

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Accumulator Imports

Imports into Cuba

In 2021, purchases abroad of electric accumulators increased by 102% to X units, rising for the fourth consecutive year after two years of decline. In general, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports soared to $X in 2021. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X units), China (X units) and Panama (X units) were the main suppliers of accumulator imports to Cuba, with a combined 4.7% share of total imports. Russia, South Korea, the Dominican Republic, Brazil, Italy, Mexico and New Zealand lagged somewhat behind, together comprising a further 1.8%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest accumulator suppliers to Cuba were China ($X), Spain ($X) and Panama ($X), together comprising 47% of total imports. These countries were followed by Russia, South Korea, Brazil, Italy, the Dominican Republic, New Zealand and Mexico, which together accounted for a further 16%.

Among the main suppliers, South Korea, with a CAGR of +44.1%, 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 accumulator import price stood at $X per unit in 2021, growing by 7.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 174% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 Brazil ($X per unit), while the price for the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.8%), 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 electric accumulators in the world?

The country with the largest volume of accumulator consumption was China, accounting for 22% of total volume. Moreover, accumulator consumption in China exceeded the figures recorded by the second-largest consumer, Germany, twofold. The third position in this ranking was taken by the United States, with a 5.2% share.

What are the largest producers of electric accumulators in the world?

The country with the largest volume of accumulator production was China, comprising approx. 53% of total volume. Moreover, accumulator production in China exceeded the figures recorded by the second-largest producer, Poland, sixfold. Japan ranked third in terms of total production with a 7.8% share.

What are the leading suppliers of electric accumulators to Cuba?

In value terms, China, Spain and Panama appeared to be the largest accumulator suppliers to Cuba, together accounting for 47% of total imports. These countries were followed by Russia, South Korea, Brazil, Italy, the Dominican Republic, New Zealand and Mexico, which together accounted for a further 16%.

What is the average export price for electric accumulators in Cuba?

In 2021, the average accumulator export price amounted to $2.9 per unit, which is down by -16.2% against the previous year.

What is the average import price for electric accumulators in Cuba?

In 2021, the average accumulator import price amounted to $2.9 per unit, rising by 7.6% against the previous year.

This report provides an in-depth analysis of the accumulator 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 27202100 - Lead-acid accumulators for starting piston engines
Prodcom 27202210 -
Prodcom 27202250 -
Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators

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