Cuba: Beer Market 2024

Beer Market Size in Cuba

The Cuban beer market reduced to $X in 2022, waning by -10.8% against the previous year. Overall, consumption showed a slight contraction. Beer consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Beer Production in Cuba

In value terms, beer production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Beer production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Beer Exports

Exports from Cuba

In 2022, after two years of growth, there was significant decline in shipments abroad of beer, when their volume decreased by -23.8% to X tons. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 167% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, beer exports declined notably to $X in 2022. Overall, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when exports increased by 179%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Germany (X tons) and El Salvador (X tons) were the main destinations of beer exports from Cuba, with a combined 55% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by El Salvador (with a CAGR of +3.0%), while the other leaders experienced a decline.

In value terms, Germany ($X), Spain ($X) and El Salvador ($X) appeared to be the largest markets for beer exported from Cuba worldwide, with a combined 56% share of total exports.

El Salvador, with a CAGR of +27.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average beer export price stood at $X per ton in 2022, growing by 6.1% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beer export price decreased by -9.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+42.0%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Cuba

In 2022, approx. X tons of beer were imported into Cuba; waning by -24.2% on the year before. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 203% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, beer imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 197% against the previous year. Imports peaked at $X in 2021, and then fell remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of beer to Cuba, accounting for a 29% share of total imports. Moreover, beer imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at +34.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+109.4% per year) and Germany (+14.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of beer to Cuba, comprising 34% of total imports. The second position in the ranking was held by Spain ($X), with a 9.4% share of total imports. It was followed by Germany, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+90.2% per year) and Germany (+9.0% per year).

Import Prices by Country

In 2022, the average beer import price amounted to $X per ton, growing by 2.1% against the previous year. Overall, the import price, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2019 an increase of 8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :