Report Update May 1, 2024

Cuba - Perfumes and Toilet Waters - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Perfume Market 2024

Perfume Market Size in Cuba

In 2021, the Cuban perfume market increased by 86% to $X, rising for the third consecutive year after three years of decline. In general, consumption recorded a pronounced increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Perfume Exports

Exports from Cuba

Perfume exports from Cuba fell sharply to X tons in 2021, shrinking by -40% on 2020. Over the period under review, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2015 when exports increased by 92%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, perfume exports skyrocketed to $X in 2021. Overall, exports, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2013 with an increase of 165%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for perfume exports from Cuba, accounting for a 99% share of total exports. It was followed by Luxembourg (X kg), with a 0.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Angola amounted to +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-99.5% per year) and China (-100.0% per year).

In value terms, Angola ($X) emerged as the key foreign market for perfumes and toilet waters exports from Cuba, comprising 99% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-99.6% per year) and China (-100.0% per year).

Export Prices by Country

The average perfume export price stood at $X per ton in 2021, with an increase of 129% against the previous year. Over the period under review, the export price recorded a strong expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Angola ($X per ton), while the average price for exports to China ($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 Spain (+70.2%), while the prices for the other major destinations experienced mixed trend patterns.

Perfume Imports

Imports into Cuba

In 2021, purchases abroad of perfumes and toilet waters increased by 138% to X tons, rising for the second year in a row after four years of decline. In general, imports showed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, perfume imports soared to $X in 2021. Overall, imports recorded a modest increase. The growth pace was the most rapid in 2015 with an increase of 75%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) was the main perfume supplier to Cuba, with a 93% share of total imports. Moreover, perfume imports from Spain exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. The third position in this ranking was held by Panama (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.8% per year) and Panama (-17.3% per year).

In value terms, Spain ($X) constituted the largest supplier of perfumes and toilet waters to Cuba, comprising 71% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by Panama, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.6% per year) and Panama (-9.6% per year).

Import Prices by Country

The average perfume import price stood at $X per ton in 2021, declining by -35.6% against the previous year. Over the period under review, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2019 an increase of 27%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+9.3%), 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 perfumes and toilet waters in the world?

The country with the largest volume of perfume consumption was India, accounting for 62% of total volume. Moreover, perfume consumption in India exceeded the figures recorded by the second-largest consumer, the United States, fivefold.

What are the largest producers of perfumes and toilet waters in the world?

India remains the largest perfume producing country worldwide, comprising approx. 64% of total volume. Moreover, perfume production in India exceeded the figures recorded by the second-largest producer, the United States, sevenfold. The third position in this ranking was taken by France, with a 6.8% share.

What are the leading suppliers of perfumes and toilet waters to Cuba?

In value terms, Spain constituted the largest supplier of perfumes and toilet waters to Cuba, comprising 71% of total imports. The second position in the ranking was taken by France, with a 21% share of total imports. It was followed by Panama, with a 6.1% share.

What are the leading importers of perfumes and toilet waters from Cuba?

In value terms, Angola emerged as the key foreign market for perfumes and toilet waters exports from Cuba, comprising 99% of total exports. The second position in the ranking was taken by Luxembourg $210), with a 0.1% share of total exports.

What is the average export price for perfumes and toilet waters in Cuba?

In 2021, the average perfume export price amounted to $56,221 per ton, surging by 129% against the previous year.

What is the average import price for perfumes and toilet waters in Cuba?

In 2021, the average perfume import price amounted to $12,190 per ton, waning by -35.6% against the previous year.

This report provides an in-depth analysis of the perfume 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 20421150 - Perfumes
Prodcom 20421170 - Toilet waters

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