Report Update Nov 1, 2024

Cuba - Animal and Pet Feed - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Animal Feed Market 2024

Animal Feed Market Size in Cuba

In 2021, after three years of growth, there was significant decline in the Cuban animal feed market, when its value decreased by -13.1% to $X. Over the period under review, consumption saw a perceptible contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Animal Feed Production in Cuba

In value terms, animal feed production contracted to $X in 2021 estimated in export price. In general, production saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Animal Feed Exports

Exports from Cuba

In 2021, shipments abroad of animal and pet feed decreased by -15% to X tons, falling for the second year in a row after three years of growth. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 436% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, animal feed exports declined dramatically to $X in 2021. Overall, exports faced a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 454% against the previous year. Over the period under review, the exports reached the maximum 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 animal feed exports from Cuba, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at -13.9%.

In value terms, Brazil ($X) also remains the key foreign market for animal feed exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Brazil stood at -6.3%.

Export Prices by Country

The average animal feed export price stood at $X per ton in 2021, falling by -5.1% against the previous year. In general, the export price recorded a slight descent. The most prominent rate of growth was recorded in 2020 an increase of 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +8.9% per year.

Animal Feed Imports

Imports into Cuba

Animal feed imports into Cuba soared to X tons in 2021, with an increase of 49% compared with 2020 figures. Over the period under review, imports, however, faced a deep setback. The growth pace was the most rapid in 2019 with an increase of 155%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, animal feed imports rose remarkably to $X in 2021. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 271%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The Dominican Republic (X tons), Mexico (X tons) and the United States (X tons) were the main suppliers of animal feed imports to Cuba, with a combined 84% share of total imports. These countries were followed by China, Poland, Costa Rica and Spain, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were in Costa Rica (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of animal feed to Cuba, comprising 57% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 17% share of total imports. It was followed by Mexico, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (-17.1% per year) and Mexico (-24.8% per year).

Import Prices by Country

In 2021, the average animal feed import price amounted to $X per ton, declining by -25.3% against the previous year. Over the period under review, the import price, however, posted a tangible increase. The growth pace was the most rapid in 2018 when the average import price increased by 74%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for animal and pet feed in the world?

The country with the largest volume of animal feed consumption was China, comprising approx. 15% of total volume. Moreover, animal feed consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. Japan ranked third in terms of total consumption with a 4.5% share.

What are the largest producers of animal and pet feed in the world?

China remains the largest animal feed producing country worldwide, accounting for 16% of total volume. Moreover, animal feed production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 4.5% share.

What are the leading suppliers of animal and pet feed to Cuba?

In value terms, Mexico constituted the largest supplier of animal feed to Cuba, comprising 66% of total imports. The second position in the ranking was occupied by the Dominican Republic, with a 13% share of total imports. It was followed by Costa Rica, with an 8.2% share.

What are the leading importers of animal and pet feed from Cuba?

In value terms, Chile remains the key foreign market for animal feed exports from Cuba, comprising 97% of total exports. The second position in the ranking was occupied by Brazil, with a 2.9% share of total exports.

What is the average export price for animal and pet feed in Cuba?

In 2021, the average animal feed export price amounted to $9,039 per ton, surging by 7.9% against the previous year.

What is the average import price for animal and pet feed in Cuba?

In 2021, the average animal feed import price amounted to $877 per ton, dropping by -2.1% against the previous year.

This report provides an in-depth analysis of the animal feed 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 10911010 - Premixtures for farm animal feeds
Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)

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