Report Update Nov 1, 2024

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

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Cuba: Canned Vegetable Market 2024

Canned Vegetable Market Size in Cuba

The Cuban canned vegetable market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -12.3% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Canned Vegetable Exports

Exports from Cuba

In 2020, after two years of decline, there was decline in overseas shipments of canned vegetables, when their volume decreased by 0% to X kg. In general, exports saw a sharp decrease. The smallest decline of 99.9% was in 2018. The exports peaked at X kg in 2015; however, from 2016 to 2020, the exports remained at a lower figure.

In value terms, canned vegetable exports stood at $X in 2020. Overall, exports faced a precipitous setback. The smallest decline of 99.9% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X kg) was the main destination for canned vegetable exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Honduras was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Honduras was relatively modest.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 a decrease of 99.9%. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the near future.

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

From 2012 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to 0.0% per year.

Canned Vegetable Imports

Imports into Cuba

In 2021, overseas purchases of canned vegetables were finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.2% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 40% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, canned vegetable imports soared to $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.7% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 38%. 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

In 2021, Spain (X tons) constituted the largest supplier of canned vegetable to Cuba, with a 84% share of total imports. Moreover, canned vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was taken by Panama (X tons), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+27.2% per year) and Panama (+30.2% per year).

In value terms, Spain ($X) constituted the largest supplier of canned vegetable to Cuba, comprising 78% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total imports. It was followed by Panama, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.4% per year) and Panama (+28.2% per year).

Import Prices by Country

In 2021, the average canned vegetable import price amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price attained 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, the country with the highest price was Panama ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were Germany, the UK and France, with a combined 23% share of global consumption. Japan, the United States, China, Algeria, Taiwan Chinese), India, Italy, Belgium, Australia and Malaysia lagged somewhat behind, together comprising a further 38%.

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

The countries with the highest volumes of in 2021 were Italy, China and Spain, with a combined 48% share of global production. Algeria, the Netherlands, Taiwan Chinese), Thailand, Belgium, Greece, India, Hungary, France and Peru lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of canned vegetables to Cuba?

In value terms, Spain constituted the largest supplier of canned vegetable to Cuba, comprising 68% of total imports. The second position in the ranking was occupied by Greece, with a 17% share of total imports. It was followed by Italy, with an 8% share.

What are the leading importers of canned vegetables from Cuba?

In value terms, Greece remains the key foreign market for canned vegetable exports from Cuba.

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

The average canned vegetable export price stood at $2,293 per ton in 2021, remaining stable against the previous year.

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

In 2021, the average canned vegetable import price amounted to $1,342 per ton, falling by -3.1% against the previous year.

This report provides an in-depth analysis of the canned vegetable 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:

FCL 472 - Vegetables, Preserved nes (O/T vinegar)

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