Report Update Apr 1, 2024

Cuba - Chandeliers - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Chandelier Market 2024

Chandelier Market Size in Cuba

For the third year in a row, the Cuban chandelier market recorded decline in sales value, which decreased by -57.3% to $X in 2021. In general, consumption showed a deep contraction. Chandelier consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Chandelier Exports

Exports from Cuba

For the third consecutive year, Cuba recorded decline in shipments abroad of chandeliers, which decreased by -19.9% to X units in 2021. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 792%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chandelier exports reduced rapidly to $X in 2021. Overall, exports saw a noticeable contraction. The pace of growth was the most pronounced in 2015 with an increase of 623% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Venezuela (X units), Spain (X units) and Saint Vincent and the Grenadines (X units) were the main destinations of chandelier exports from Cuba, together accounting for 89% of total exports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +25.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X), Italy ($X) and Saint Vincent and the Grenadines ($X) appeared to be the largest markets for chandelier exported from Cuba worldwide, with a combined 76% share of total exports. Spain and Costa Rica lagged somewhat behind, together accounting for a further 12%.

Spain, with a CAGR of +34.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chandelier export price stood at $X per unit in 2021, standing approx. at the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.

Chandelier Imports

Imports into Cuba

For the third consecutive year, Cuba recorded decline in purchases abroad of chandeliers, which decreased by -63.1% to X units in 2021. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2013 when imports increased by 87% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, chandelier imports shrank rapidly to $X in 2021. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 63% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X units), China (X units) and Panama (X units) were the main suppliers of chandelier imports to Cuba, together comprising 80% of total imports. These countries were followed by Costa Rica, Mexico and Italy, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +25.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest chandelier suppliers to Cuba were Spain ($X), Panama ($X) and China ($X), with a combined 78% share of total imports. These countries were followed by Italy, Mexico and Costa Rica, which together accounted for a further 17%.

Among the main suppliers, Mexico, with a CAGR of +25.1%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average chandelier import price amounted to $X per unit, rising by 25% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chandelier import price decreased by -22.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 63% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+10.8%), 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 chandeliers in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 48% share of global consumption. These countries were followed by Russia, Brazil, Mexico, Germany, South Korea, France, the UK and Canada, which together accounted for a further 23%.

What are the largest producers of chandeliers in the world?

China constituted the country with the largest volume of chandelier production, accounting for 58% of total volume. Moreover, chandelier production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was taken by the United States, with a 7.1% share.

What are the leading suppliers of chandeliers to Cuba?

In value terms, Spain, Panama and China constituted the largest chandelier suppliers to Cuba, together accounting for 78% of total imports. Italy, Mexico and Costa Rica lagged somewhat behind, together accounting for a further 17%.

What are the leading importers of chandeliers from Cuba?

In value terms, Venezuela, Italy and Saint Vincent and the Grenadines appeared to be the largest markets for chandelier exported from Cuba worldwide, together comprising 76% of total exports. Spain and Costa Rica lagged somewhat behind, together comprising a further 12%.

What is the average export price for chandeliers in Cuba?

The average chandelier export price stood at $20 per unit in 2021, remaining relatively unchanged against the previous year.

What is the average import price for chandeliers in Cuba?

The average chandelier import price stood at $16 per unit in 2021, growing by 25% against the previous year.

This report provides an in-depth analysis of the chandelier 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 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)

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