Report Update Apr 1, 2024

Cuba - Aluminium Foil - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Aluminium Foil Market 2024

Aluminium Foil Market Size in Cuba

In 2021, the Cuban aluminium foil market decreased by -41.6% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Aluminium Foil Exports

Exports from Cuba

Aluminium foil exports from Cuba was estimated at X kg in 2018, therefore, remained relatively stable against 2017. Overall, exports faced a dramatic downturn. The pace of growth was the most pronounced in 2014 with an increase of 8.8% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2018, the exports failed to regain momentum.

In value terms, aluminium foil exports stood at $X in 2018. In general, exports showed a sharp decline. The pace of growth appeared the most rapid in 2014 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X kg) was the main destination for aluminium foil exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Singapore was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

In 2018, the average aluminium foil export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31% against the previous year. The export price peaked in 2018 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2018, the rate of growth in terms of prices for Spain amounted to +22.1% per year.

Aluminium Foil Imports

Imports into Cuba

In 2021, aluminium foil imports into Cuba contracted rapidly to X tons, shrinking by -46.1% on 2020. Over the period under review, imports recorded a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 8.9% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, aluminium foil imports declined remarkably to $X in 2021. In general, imports showed a deep contraction. The growth pace was the most rapid in 2013 when imports increased by 12% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Argentina (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of aluminium foil imports to Cuba, together accounting for 75% of total imports. Switzerland, Chile, China and Spain lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +23.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium foil suppliers to Cuba were Argentina ($X), Italy ($X) and Germany ($X), with a combined 80% share of total imports. Switzerland, Spain, Chile and China lagged somewhat behind, together comprising a further 15%.

Switzerland, with a CAGR of +16.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium foil import price stood at $X per ton in 2021, increasing by 9.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.4%), 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 aluminium foil in the world?

China remains the largest aluminium foil consuming country worldwide, comprising approx. 24% of total volume. Moreover, aluminium foil consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by Germany, with a 7.3% share.

What are the largest producers of aluminium foil in the world?

China constituted the country with the largest volume of aluminium foil production, accounting for 38% of total volume. Moreover, aluminium foil production in China exceeded the figures recorded by the second-largest producer, Germany, fourfold. India ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of aluminium foil to Cuba?

In value terms, Argentina, Italy and Germany constituted the largest aluminium foil suppliers to Cuba, together accounting for 80% of total imports. These countries were followed by Switzerland, Spain, Chile and China, which together accounted for a further 15%.

What is the average export price for aluminium foil in Cuba?

In 2018, the average aluminium foil export price amounted to $28,486 per ton, remaining relatively unchanged against the previous year.

What is the average import price for aluminium foil in Cuba?

In 2021, the average aluminium foil import price amounted to $7,135 per ton, surging by 9.4% against the previous year.

This report provides an in-depth analysis of the aluminium foil 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 24422500 - Aluminium foil of a thickness (excluding any backing) . 0,2 mm

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