Cuba: Paper Bag Market 2024

Paper Bag Market Size in Cuba

The Cuban paper bag market rose significantly to $X in 2021, increasing by 11% against the previous year. Over the period under review, consumption saw a perceptible descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Paper Bag Production in Cuba

In value terms, paper bag production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Paper Bag Exports

Exports from Cuba

In 2021, shipments abroad of sacks and bags of paper was finally on the rise to reach X tons after two years of decline. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 when exports increased by 200% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, paper bag exports reduced sharply to $X in 2021. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 190% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil (X tons) was the main destination for paper bag exports from Cuba, accounting for a 92% share of total exports. Moreover, paper bag exports to Brazil exceeded the volume sent to the second major destination, Angola (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Brazil stood at +299.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (0.0% per year) and Spain (-61.2% per year).

In value terms, Brazil ($X) emerged as the key foreign market for sacks and bags of paper exports from Cuba, comprising 94% of total exports. The second position in the ranking was taken by Angola ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +212.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (0.0% per year) and Spain (-59.9% per year).

Export Prices by Country

The average paper bag export price stood at $X per ton in 2021, reducing by -61.9% against the previous year. Overall, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 49%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+16.9%), while the prices for the other major destinations experienced mixed trend patterns.

Paper Bag Imports

Imports into Cuba

In 2021, after four years of decline, there was significant growth in overseas purchases of sacks and bags of paper, when their volume increased by 48% to X tons. In general, imports, however, saw a noticeable contraction. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, paper bag imports soared to $X in 2021. Overall, imports, however, recorded a pronounced curtailment. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of paper bag imports to Cuba, with a combined 46% share of total imports. These countries were followed by Italy, China, Switzerland, Chile, El Salvador and the Dominican Republic, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +160.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest paper bag suppliers to Cuba were Spain ($X), Switzerland ($X) and Mexico ($X), together comprising 41% of total imports.

Switzerland, with a CAGR of +168.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average paper bag import price stood at $X per ton in 2021, surging by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Italy ($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 (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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