The Cuban market for pulley tackle and hoists powered by an electric motor soared to $X in 2021, increasing by X% 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). Over the period under review, consumption recorded a moderate increase. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.
In 2021, Cuba will export less than X units of motor-driven pulley blocks and cranes, and it will stabilize by 2020. Exports showed a relatively flat trend during the review period.
In terms of value, the 2021 electric block and crane exports are less than X dollars. Overall, exports have grown substantially. During the reporting period, exports peaked at USD X in 2018; however, exports failed to regain momentum from 2019 to 2021.
Imports to Cuba In 2021, the number of motor-driven pulley blocks and cranes imported by Cuba soared to X units, an increase of X% year-on-year. Overall, imports have increased significantly. Growth appears to be fastest in 2019, with imports up X% over the previous year. Imports hit a record high in 2021 during the reporting period and are expected to continue growing in the coming years.
In terms of value, imports of electric motor driven pulley blocks and cranes soared to $X in 2021. Imports grew substantially during the period under review. 2019 saw the highest growth rate with an increase of X%. As a result, imports peaked at $X. From 2020 to 2021, the import growth rate will remain at a slightly lower level.
Tây ban nha (X đơn vị), Mexico (X units) and China (X units) are the main suppliers of electric block and crane imports to Cuba, together accounting for X% of total imports. This is followed by Nước Ý, Thổ nhĩ kỳvà Đức, all three countries increasing their purchases by another X-fold between 2012 and 2021, with Turkey seeing the most significant growth (+X% CAGR), Import growth in other countries was relatively modest.
By value, the largest pulley blocks and cranes supplying Cuba with electric motors were Italy ($X), Spain ($X), and Turkey ($X, together representing X% of total imports).
Among the major suppliers, Turkey recorded a CAGR of +X%, with the highest growth rate of import value during the reporting period, while other national leaders’ purchases increased at a slower pace.
In value terms, Italy, Spain and Turkey were the largest pulley tackle and hoists powered by an electric motor suppliers to Cuba, together accounting for 72% of total imports.
The average import price for pulley tackle and hoists powered by an electric motor stood at $495 per unit in 2021, which is down by -7.1% against the previous year.
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