Report Update Nov 1, 2024

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

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Cuba: Canned Meat Market 2024

Canned Meat Market Size in Cuba

The Cuban canned meat market expanded sharply to $X in 2021, picking up by 7.8% against the previous year. In general, consumption showed a remarkable increase. Canned meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Canned Meat Production in Cuba

In value terms, canned meat production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 80%. Canned meat production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Canned Meat Exports

Exports from Cuba

In 2019, approx. X tons of canned meat were exported from Cuba; leveling off at 2018. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure in 2019 and are expected to retain growth in the near future.

In value terms, canned meat exports totaled $X in 2019. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2019 and are likely to see gradual growth in the immediate term.

Exports by Country

Portugal (X tons) was the main destination for canned meat exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to Portugal was relatively modest.

From 2015 to 2019, the average annual rate of growth in terms of value to Portugal was relatively modest.

Export Prices by Country

In 2019, the average canned meat export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2019, the export prices stood at a somewhat lower figure.

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

From 2015 to 2019, the rate of growth in terms of prices for Portugal amounted to 0.0% per year.

Canned Meat Imports

Imports into Cuba

Canned meat imports into Cuba soared to X tons in 2021, rising by 60% compared with 2020 figures. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 107%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, canned meat imports surged to $X in 2021. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest canned meat supplier to Cuba, accounting for a 35% share of total imports. Moreover, canned meat imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +66.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+28.7% per year) and Canada (+101.3% per year).

In value terms, Spain ($X) constituted the largest supplier of canned meat to Cuba, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 6.8% share of total imports. It was followed by Canada, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +50.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.2% per year) and Canada (+61.6% per year).

Import Prices by Country

The average canned meat import price stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of canned meat consumption was China, accounting for 16% of total volume. Moreover, canned meat 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 4.1% share.

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

China constituted the country with the largest volume of canned meat production, accounting for 17% of total volume. Moreover, canned meat production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 3.3% share.

What are the leading suppliers of canned meat to Cuba?

In value terms, Spain constituted the largest supplier of canned meat to Cuba, comprising 62% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by Chile, with a 10% share.

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

In 2019, the average canned meat export price amounted to $3,118 per ton, approximately reflecting the previous year.

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

In 2021, the average canned meat import price amounted to $2,457 per ton, flattening at the previous year.

This report provides an in-depth analysis of the canned meat 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 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

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