Report Update Nov 1, 2024

Cuba - Canned Food - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Canned Food Market 2024

Canned Food Market Size in Cuba

The Cuban canned food market reached $X in 2021, rising by 2.1% against the previous year. In general, consumption, however, enjoyed a strong expansion. Canned food consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Canned Food Production in Cuba

In value terms, canned food production rose rapidly to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 112%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Canned Food Exports

Exports from Cuba

In 2021, approx. X tons of canned food were exported from Cuba; with a decrease of -5.5% on the previous year's figure. Overall, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2019 when exports increased by 175%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, canned food exports shrank to $X in 2021. In general, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 348% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Greece (X tons) was the main destination for canned food exports from Cuba, accounting for a 6,901% share of total exports. Moreover, canned food exports to Greece exceeded the volume sent to the second major destination, the United States (X tons), fourfold.

From 2012 to 2020, the average annual growth rate of volume to Greece stood at +167.4%.

In value terms, Greece ($X) remains the key foreign market for canned food exports from Cuba, comprising 10,068% of total exports. The second position in the ranking was taken by the United States ($X), with a 2,198% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Greece amounted to +156.2%.

Export Prices by Country

In 2020, the average canned food export price amounted to $X per ton, waning by -43.8% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 63%. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

Average prices varied somewhat for the major export markets. In 2020, the country with the highest price was Greece ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Greece (-4.2%).

Canned Food Imports

Imports into Cuba

In 2021, imports of canned food into Cuba expanded rapidly to X tons, surging by 13% on 2020 figures. In general, imports saw a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, canned food imports surged to $X in 2021. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 32% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2020, Greece (X tons) constituted the largest canned food supplier to Cuba, with a 8.4% share of total imports. Moreover, canned food imports from Greece exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from Greece stood at +62.8%.

In value terms, Greece ($X) constituted the largest supplier of canned food to Cuba, comprising 7% of total imports. The second position in the ranking was held by Italy ($X), with a 0.4% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from Greece totaled +60.5%.

Import Prices by Country

The average canned food import price stood at $X per ton in 2020, approximately equating the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 15%. As a result, import price reached the peak level of $X per ton. From 2014 to 2020, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Greece stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Brazil (+6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for canned food in the world?

The country with the largest volume of canned food consumption was China, comprising approx. 15% of total volume. Moreover, canned food consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by Japan, with a 4.5% share.

What are the largest producers of canned food in the world?

China constituted the country with the largest volume of canned food production, accounting for 16% of total volume. Moreover, canned food production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 3.7% share.

What are the leading suppliers of canned food to Cuba?

In value terms, Greece constituted the largest supplier of canned food to Cuba, comprising 7.2% of total imports. The second position in the ranking was occupied by Italy, with a 0.4% share of total imports.

What are the leading importers of canned food from Cuba?

In value terms, Greece remains the key foreign market for canned food exports from Cuba, comprising 9,933% of total exports. The second position in the ranking was occupied by the United States, with a 2,168% share of total exports.

What is the average export price for canned food in Cuba?

The average canned food export price stood at $1,439 per ton in 2020, falling by -43.2% against the previous year.

What is the average import price for canned food in Cuba?

In 2020, the average canned food import price amounted to $2,001 per ton, increasing by 5.2% against the previous year.

This report provides an in-depth analysis of the canned food 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 10861060 - Homogenised composite food preparations for infant food or dietetic purposes p.r.s. in containers . .250 g
Prodcom 10861030 - Homogenised vegetables (excluding frozen, preserved by vinegar or acetic acid)
Prodcom 10861050 - Homogenised preparations of jams, fruit jellies, marmalades, f ruit or nut puree and fruit or nut pastes
Prodcom 10861060 - Homogenised composite food preparations for infant food or dietetic purposes p.r.s. in containers . .250 g
Prodcom 10861070 - Food preparations for infants, p.r.s. (excluding homogenised composite food preparations)
Prodcom 10891100 - Soups and broths and preparations therefor
Prodcom 10861010 - Homogenised preparations of meat, meat offal or blood (excluding sausages and similar products of meat, food preparations based on these products)
Prodcom 10131505 - Prepared or preserved goose or duck liver (excluding sausages and prepared meals and dishes)
Prodcom 10131515 - Prepared or preserved liver of other animals (excluding sausages and prepared meals and dishes)
Prodcom 10131525 - Prepared or preserved meat or offal of turkeys (excluding sausages, preparations of liver and prepared meals and dishes)
Prodcom 10131535 - Other prepared or preserved poultry meat (excluding sausages, preparations of liver and prepared meals and dishes)
Prodcom 10131545 - Prepared or preserved meat of swine: hams and cuts thereof (excluding prepared meals and dishes)
Prodcom 10131555 - Prepared or preserved meat of swine: shoulders and cuts thereof, of swine (excluding prepared meals and dishes)
Prodcom 10131565 - Prepared or preserved meat, offal and mixtures of domestic swine, including mixtures, containing < .40 % meat or offal of any kind and fats of any kind (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
Prodcom 10131575 - Other prepared or preserved meat, offal and mixtures of
Prodcom 10131585 - Prepared or preserved meat or offal of bovine animals (excluding sausages and similar products, homogenised preparations, preparations of liver and prepared meals and dishes)
Prodcom 10131595 - Other prepared or preserved meat or offal, including blood
Prodcom 10391710 - Preserved tomatoes, whole or in pieces (excluding prepared vegetable dishes and tomatoes preserved by vinegar or acetic acid)
Prodcom 10851300 - Prepared meals and dishes based on vegetables
Prodcom 10391800 - Vegetables (excluding potatoes), fruit, nuts and other edible parts of plants, prepared or preserved by vinegar or acetic acid
Prodcom 100000Z3 - Vegetables (except potatoes), preserved otherwise than by vinegar or acetic acid, including prepared vegetable dishes

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