Report Update Nov 1, 2024

Cuba - Animal or Vegetable Fats and Oils Chemically Modified - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Chemically Modified Oils Market 2024

Chemically Modified Oils Market Size in Cuba

In 2021, the Cuban chemically modified oils market decreased by -21.6% to $X, falling for the third consecutive year after two years of growth. Overall, consumption continues to indicate a noticeable reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Chemically Modified Oils Exports

Exports from Cuba

In 2015, approx. X kg of animal or vegetable fats and oils chemically modified were exported from Cuba; therefore, remained relatively stable against the year before. Over the period under review, exports saw a precipitous contraction. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

In value terms, chemically modified oils exports amounted to $X in 2015. Overall, exports faced a precipitous setback. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2015, the exports failed to regain momentum.

Exports by Country

Italy (X kg) was the main destination for chemically modified oils exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2015, the average annual rate of growth in terms of volume to Italy was relatively modest.

From 2013 to 2015, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average chemically modified oils export price stood at $X per ton in 2015, leveling off at the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2014 a decrease of 99.9% against the previous year. The export price peaked in 2015 and is expected to retain growth in the near future.

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

From 2013 to 2015, the rate of growth in terms of prices for Italy amounted to 0.0% per year.

Chemically Modified Oils Imports

Imports into Cuba

In 2021, supplies from abroad of animal or vegetable fats and oils chemically modified decreased by -22.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 76% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, chemically modified oils imports contracted sharply to $X in 2021. Overall, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 74%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The UK (X tons) and Germany (X tons) were the main suppliers of chemically modified oils imports to Cuba.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +79.9%).

In value terms, the UK ($X) constituted the largest supplier of chemically modified oils to Cuba, comprising 79% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK amounted to +47.3%.

Import Prices by Country

The average chemically modified oils import price stood at $X per ton in 2021, increasing by 4.2% against the previous year. Over the period under review, the import price showed prominent growth. The pace of growth appeared the most rapid in 2015 an increase of 204%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-0.0%), 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 or vegetable fats and oils chemically modified in the world?

China constituted the country with the largest volume of chemically modified oils consumption, comprising approx. 15% of total volume. Moreover, chemically modified oils consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 5.8% share.

What are the largest producers of animal or vegetable fats and oils chemically modified in the world?

China remains the largest chemically modified oils producing country worldwide, accounting for 21% of total volume. Moreover, chemically modified oils production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 6.4% share.

What are the leading suppliers of animal or vegetable fats and oils chemically modified to Cuba?

In value terms, the UK constituted the largest supplier of chemically modified oils to Cuba, comprising 79% of total imports. The second position in the ranking was occupied by Germany, with a 21% share of total imports.

What is the average export price for animal or vegetable fats and oils chemically modified in Cuba?

In 2015, the average chemically modified oils export price amounted to $1,793 per ton, flattening at the previous year.

What is the average import price for animal or vegetable fats and oils chemically modified in Cuba?

The average chemically modified oils import price stood at $2,981 per ton in 2021, waning by -17.5% against the previous year.

This report provides an in-depth analysis of the chemically modified oils 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 20592000 - Animal or vegetable fats and oils chemically modified

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