Market Insights Consumer Household Appliances Small Appliances

Small Kitchen Appliances - Cuba

Cuba

In 2024, the Small Kitchen Appliances market in Cuba generated a revenue of US$318.30m.
It is projected to grow annually by 7.46% (CAGR 2024-2029).
In a global perspective, the highest revenue is generated in China, reaching US$30,850m in 2024.
When considering the total number of households, the per household revenue in the Small Kitchen Appliances market is estimated to be US$123.20 in 2024.
By 2029, the volume in the Small Kitchen Appliances market is expected to reach 3.7m pieces.
Additionally, there is an anticipated volume growth of 1.1% in 2025.
The average volume per household in the Small Kitchen Appliances market is projected to be 1.37pieces in 2024.
Cuba's limited access to imported goods has led to a surge in demand for locally-made small kitchen appliances.

Key regions: Canada, China, Germany, Worldwide, Japan

Market

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.