Report Update Apr 1, 2024

Cuba - Primary Cells and Primary Batteries - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Battery Market 2024

Battery Market Size in Cuba

For the third consecutive year, the Cuban battery market recorded decline in sales value, which decreased by -49.2% to $X in 2021. Over the period under review, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Battery Exports

Exports from Cuba

In 2021, shipments abroad of primary cells and primary batteries decreased by -18.5% to X kg, falling for the sixth consecutive year after four years of growth. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 170%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, battery exports dropped to $X in 2021. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 107%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X kg) was the main destination for battery exports from Cuba, with a 98% share of total exports. It was followed by Slovakia (X kg), with a 1.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Venezuela amounted to -15.7%.

In value terms, Venezuela ($X) remains the key foreign market for battery exports from Cuba, comprising 89% of total exports. The second position in the ranking was held by Slovakia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Venezuela stood at -19.3%.

Export Prices by Country

In 2021, the average battery export price amounted to $X per ton, increasing by 11% against the previous year. In general, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 52% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Venezuela totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+5.0%).

Battery Imports

Imports into Cuba

In 2021, overseas purchases of primary cells and primary batteries decreased by -45.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 58%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, battery imports contracted markedly to $X in 2021. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when imports increased by 45% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Panama (X tons), Spain (X tons) and China (X tons) were the main suppliers of battery imports to Cuba, with a combined 89% share of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of -1.0%), while purchases for the other leaders experienced a decline.

In value terms, Panama ($X) constituted the largest supplier of battery to Cuba, comprising 50% of total imports. The second position in the ranking was taken by Spain ($X), with a 24% share of total imports. It was followed by Canada, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama amounted to -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-5.3% per year) and Canada (-8.6% per year).

Import Prices by Country

In 2021, the average battery import price amounted to $X per ton, which is down by -13.7% against the previous year. Over the period under review, the import price recorded a pronounced decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 101% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for primary cells and primary batteries in the world?

The countries with the highest volumes of consumption in 2021 were China, India and the United States, with a combined 38% share of global consumption. These countries were followed by Germany, Nepal, Pakistan, Thailand, Indonesia, Mexico, Japan and Palestine, which together accounted for a further 25%.

What are the largest producers of primary cells and primary batteries in the world?

China remains the largest battery producing country worldwide, accounting for 43% of total volume. Moreover, battery production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 6.8% share.

What are the leading suppliers of primary cells and primary batteries to Cuba?

In value terms, Panama constituted the largest supplier of battery to Cuba, comprising 50% of total imports. The second position in the ranking was taken by Spain, with a 24% share of total imports. It was followed by Canada, with a 13% share.

What are the leading importers of primary cells and primary batteries from Cuba?

In value terms, Venezuela remains the key foreign market for battery exports from Cuba, comprising 89% of total exports. The second position in the ranking was held by Slovakia $295), with an 11% share of total exports.

What is the average export price for primary cells and primary batteries in Cuba?

The average battery export price stood at $12,009 per ton in 2021, with an increase of 11% against the previous year.

What is the average import price for primary cells and primary batteries in Cuba?

The average battery import price stood at $10,859 per ton in 2021, waning by -13.7% against the previous year.

This report provides an in-depth analysis of the battery 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 27201100 - Primary cells and primary batteries
Prodcom 27201110 -
Prodcom 27201115 -
Prodcom 27201120 -
Prodcom 27201125 -
Prodcom 27201130 -
Prodcom 27201140 -
Prodcom 27201150 -
Prodcom 27201155 -
Prodcom 27201160 -
Prodcom 27201170 -
Prodcom 27201175 -
Prodcom 27201190 -

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