The Cuban crane market fell sharply to $X in 2020, down -X% from the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailers' profits, which will be included in the final consumer price). Overall, consumption continued to show a sharp contraction. 2012 saw the fastest growth, with an X% increase over the previous year. Crane consumption peaked at $X in 2017; however, consumption has remained low from 2018 to 2020.
In 2020, approximately X cranes, mobile cranes were exported from Cuba; therefore, it remained relatively stable compared to the previous year. During the period under review, exports showed a relatively stable trend. As a result, exports peaked at X units; after that, it flattened out into 2020.
In 2020 crane exports were worth X dollars in value. Overall, exports showed a moderate expansion trend. Exports peaked in 2020 and are expected to keep growing in the short term.
The Netherlands (X units) is the main destination for Cuban crane exports, accounting for about X% of total exports.
From 2007 to 2020, the average annual growth rate of freight traffic to the Netherlands was relatively modest.
From 2007 to 2020, the value to the Netherlands has grown at an average annual rate of +X%.
In 2020, the number of cranes and mobile cranes imported by Cuba has shrunk significantly to X units, a -X% decrease from the previous year. Overall, imports continue to show a sharp decline. In 2012, the growth rate was the fastest, with an increase of X% over the previous year. During the period under review, imports reached a maximum of X units in 2017; however, from 2018 to 2020, imports have remained low.
In 2020, crane imports dropped significantly to $X in value terms. Overall, imports fell suddenly. The fastest growth rate in 2015, an increase of X% year-on-year. Imports peaked at $X in 2018; however, from 2019 to 2020, imports remained low.
In 2020, Spain (X units) was the largest supplier of cranes to Cuba, accounting for X% of total imports. In addition, cranes imported from Spain were four times higher than the number recorded by the second largest supplier, Italy (X units). Third in the ranking is Germany (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of sales in Spain was -X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Italy (-X% per annum) and Germany (-X% per annum).
China ($X) is the largest crane supplier to Cuba by value, accounting for X% of total imports. In second place is Germany ($X) with X% of total imports. It is followed by Spain with an X% share.
From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (+X% per annum) and Spain (-X% per annum).
China is Cuba's largest supplier of cranes by value, accounting for 56% of total imports. In second place is Germany, which accounts for 15% of total imports. It is followed by Spain with a 10% share.
In 2020, the average export price of cranes was US$5,239 per unit, the same as the previous year.
The average price of crane imports in 2020 was US$16,533 per unit, an increase of 84% over the previous year.
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