Report Update Nov 1, 2024

Cuba - Bread and Bakery Product - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Bread And Bakery Market 2024

Bread And Bakery Market Size in Cuba

The Cuban bread and bakery market contracted to $X in 2021, declining by -8.5% against the previous year. In general, consumption continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Bread And Bakery Production in Cuba

In value terms, bread and bakery production fell to $X in 2021 estimated in export price. In general, production saw a noticeable decline. The growth pace was the most rapid in 2020 when the production volume increased by 24% against the previous year. Bread and bakery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bread And Bakery Exports

Exports from Cuba

After two years of growth, shipments abroad of bread and bakery decreased by -86.3% to X kg in 2021. In general, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2020 with an increase of 441% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bread and bakery exports dropped remarkably to $X in 2021. Overall, exports saw a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 507% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

France (X kg) was the main destination for bread and bakery exports from Cuba, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for bread and bakery exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2021, the average bread and bakery export price amounted to $X per ton, picking up by 6.5% against the previous year. In general, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 111%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Austria amounted to 0.0% per year.

Bread And Bakery Imports

Imports into Cuba

In 2021, imports of bread and bakery into Cuba skyrocketed to X tons, with an increase of 76% against the year before. In general, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, bread and bakery imports skyrocketed to $X in 2021. Overall, imports saw a moderate expansion. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), Guatemala (X tons) and Colombia (X tons) were the main suppliers of bread and bakery imports to Cuba, with a combined 47% share of total imports. These countries were followed by Mexico, Brazil, Italy, Peru, Chile and the Dominican Republic, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of bread and bakery to Cuba, comprising 26% of total imports. The second position in the ranking was held by Guatemala ($X), with an 8.2% share of total imports. It was followed by Colombia, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +16.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (+2.8% per year) and Colombia (-7.6% per year).

Import Prices by Country

In 2021, the average bread and bakery import price amounted to $X per ton, increasing by 29% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bread and bakery in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global consumption. These countries were followed by Russia, Japan, Brazil, Indonesia, Pakistan, Bangladesh, Nigeria, Mexico and Italy, which together accounted for a further 23%.

What are the largest producers of bread and bakery in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 33% of global production. Russia, Brazil, Japan, Indonesia, Mexico, Pakistan, Bangladesh, Nigeria, Italy and Germany lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of bread and bakery to Cuba?

In value terms, Spain constituted the largest supplier of bread and bakery to Cuba, comprising 40% of total imports. The second position in the ranking was occupied by Guatemala, with a 13% share of total imports. It was followed by Colombia, with a 12% share.

What is the average export price for bread and bakery in Cuba?

In 2021, the average bread and bakery export price amounted to $5,174 per ton, which is down by -1.6% against the previous year.

What is the average import price for bread and bakery in Cuba?

In 2021, the average bread and bakery import price amounted to $2,083 per ton, declining by -5.8% against the previous year.

This report provides an in-depth analysis of the bread and bakery 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 10721130 - Crispbread
Prodcom 10721230 - Gingerbread and the like
Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Prodcom 10721150 - Rusks, toasted bread and similar toasted products
Prodcom 10711100 - Fresh bread containing by weight in the dry matter state . 5 % of sugars and . 5 % of fat (excluding with added honey, e ggs, cheese or fruit)
Prodcom 10711200 - Cake and pastry products, other bakers
Prodcom 10721910 - Matzos
Prodcom 10721920 - Communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
Prodcom 10721940 - Biscuits (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa, sweet biscuits, waffles and wafers)
Prodcom 10721950 - Savoury or salted extruded or expanded products
Prodcom 10721990 - Bakersu2019 wares, no added sweetening (including crepes, pancakes, quiche, pizza; excluding sandwiches, crispbread, waffles, wafers, rusks, toasted, savoury or salted extruded/expanded products)

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