Earlier Report Observations
From 2018 to 2023, the market volume for non-coniferous wood fuel in Cuba remained consistently stable at 1 141 thousand m³. Domestic production fully met demand, with no imports or exports recorded throughout the period.
During these years, several regulatory adjustments were introduced. In 2020, the government implemented new measures for selling goods in freely convertible currency, which affected the commercialization of fuels. Subsequently, norms to enhance business efficiency and strengthen accounting practices were approved in 2021, potentially impacting state-owned enterprises in the sector. By 2023, specific accounting standards for foreign currency operations derived from the exchange market were established, influencing the financial reporting of both state and non-state companies operating in energy.
In 2024, major shifts occurred in Cuba's fuel market. The government approved retail and wholesale price increases for fuel of up to 500%, effective from March, and introduced sales in U.S. dollars at service stations. State subsidies for power generation were maintained to shield residential consumers, while the intensified U.S. economic blockade further strained fuel imports, contributing to energy supply tensions.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Cuba
- 5.1.1. Annual dynamics of production in Cuba in kind, 2018-2023, K m³
- 5.1.2. Annual dynamics of production in Cuba in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K m³
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K m³
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Cuba
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, m³
- 6.1.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, m³
- 6.1.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, m³
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/m³
- 6.1.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/m³
- 6.1.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/m³
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, m³
- 6.2.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, m³
- 6.2.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, m³
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/m³
- 6.2.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/m³
- 6.2.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/m³
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, m³
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, m³
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production non coniferous wood fuel in Cuba
In kind, 2017-2020, K m³
Top producers of non coniferous wood fuel, 2017-2020
World map of production of non coniferous wood fuel, 2017-2020
Cuba produced 1,141 thousand cubic meters of non-coniferous wood fuel in 2020, with production remaining stable compared to the previous year. The most significant change occurred in 2018, when production showed no growth or decline, holding steady at 0.0%.
Annual dynamics of production in Cuba in kind, 2017-2020, K m³
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | - | - | - | - |
Exports non coniferous wood fuel from Cuba
According to desk-based research, Cuba did not export any non-coniferous wood fuel between 2017 and 2020.
Imports non coniferous wood fuel to Cuba
Imports in kind, m³
Annual dynamics of product's imports to Cuba in kind, 2017-2020, m³
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, Cuba's imports of non-coniferous wood fuel were entirely dependent on Mexico, which accounted for 100.0% of all imports in volume terms.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to Cuba in kind, 2017-2020
Imports in value, $ US
Annual dynamics of product's imports to Cuba in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
During the 2017–2020 period, 100.0% of Cuba's imports of non-coniferous wood fuel in value terms were directed to Mexico, establishing this market as overwhelmingly dominant.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Cuba in value, 2017-2020
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