Report Update Nov 1, 2024

Cuba - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in Cuba

The Cuban breakfast cereal market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption recorded a mild descent. Breakfast cereal consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Cuba

In value terms, breakfast cereal production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 8.8% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Breakfast Cereal Exports

Exports from Cuba

In 2021, the amount of breakfast cereals exported from Cuba shrank notably to X kg, declining by -99.7% on the year before. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 87%. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined sharply in the following year.

In value terms, breakfast cereal exports reduced dramatically to $X in 2021. Over the period under review, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 35%. Over the period under review, the exports reached the maximum at $X in 2020, and then declined dramatically in the following year.

Exports by Country

Poland (X kg) was the main destination for breakfast cereal exports from Cuba, with a approx. 100% share of total exports.

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

In value terms, Poland ($X) emerged as the key foreign market for breakfast cereal exports from Cuba.

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

Export Prices by Country

In 2021, the average breakfast cereal export price amounted to $X per ton, shrinking by -16.2% against the previous year. Over the period under review, the export price showed a abrupt decline. The export price peaked 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 Poland.

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

Breakfast Cereal Imports

Imports into Cuba

In 2021, purchases abroad of breakfast cereals increased by 50% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a temperate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 99% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, breakfast cereal imports soared to $X in 2021. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 52%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of breakfast cereal imports to Cuba, together accounting for 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +20.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Mexico ($X) and China ($X) constituted the largest breakfast cereal suppliers to Cuba, together accounting for 73% of total imports.

Spain, with a CAGR of +21.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, breakfast cereal import price increased by +32.2% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 55% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for the United States ($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 (+4.0%), 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 breakfast cereals in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, with a combined 36% share of global consumption. These countries were followed by Brazil, Indonesia, Japan, Mexico, the UK, Nigeria, Turkey, Iran and Pakistan, which together accounted for a further 21%.

What are the largest producers of breakfast cereals in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 36% of global production. Brazil, Indonesia, Mexico, Japan, the UK, Turkey, Nigeria, Iran and Pakistan lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of breakfast cereals to Cuba?

In value terms, the largest breakfast cereal suppliers to Cuba were Spain, Mexico and China, with a combined 78% share of total imports.

What is the average export price for breakfast cereals in Cuba?

The average breakfast cereal export price stood at $478 per ton in 2021, remaining stable against the previous year.

What is the average import price for breakfast cereals in Cuba?

The average breakfast cereal import price stood at $2,127 per ton in 2021, with an increase of 167% against the previous year.

This report provides an in-depth analysis of the breakfast cereal 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 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

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