Report Update Nov 1, 2024

Cuba - Dextrins and Other Modified Starches - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Modified Starches Market 2024

Modified Starches Market Size in Cuba

The Cuban modified starches market rose remarkably to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption recorded prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Modified Starches Production in Cuba

In value terms, modified starches production expanded markedly to $X in 2021 estimated in export price. In general, production recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 46%. Modified starches production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Modified Starches Exports

Exports from Cuba

For the sixth consecutive year, Cuba recorded growth in overseas shipments of dextrins and other modified starches, which increased by 29% to X tons in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 121%. As a result, the exports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, modified starches exports soared to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for modified starches exports from Cuba, with a 76% share of total exports. Moreover, modified starches exports to Spain exceeded the volume sent to the second major destination, Costa Rica (X tons), threefold.

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

In value terms, Spain ($X) emerged as the key foreign market for modified starches exports from Cuba, comprising 68% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 32% share of total exports.

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

Export Prices by Country

In 2021, the average modified starches export price amounted to $X per ton, picking up by 31% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+21.0%).

Modified Starches Imports

Imports into Cuba

In 2021, imports of dextrins and other modified starches into Cuba soared to X tons, with an increase of 26% on the previous year. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 126%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, modified starches imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Argentina (X tons) were the main suppliers of modified starches imports to Cuba, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +39.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest modified starches suppliers to Cuba were Mexico ($X), China ($X) and Spain ($X), together accounting for 52% of total imports.

In terms of the main suppliers, China, with a CAGR of +24.6%, saw the highest rates of growth with regard to the value of imports, 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 modified starches import price amounted to $X per ton, rising by 25% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, modified starches import price increased by +37.9% against 2018 indices. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+37.2%), 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 dextrins and other modified starches in the world?

China constituted the country with the largest volume of modified starches consumption, accounting for 17% of total volume. Moreover, modified starches consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6.6% share.

What are the largest producers of dextrins and other modified starches in the world?

The countries with the highest volumes of in 2021 were China, the United States and Thailand, with a combined 30% share of global production.

What are the leading suppliers of dextrins and other modified starches to Cuba?

In value terms, Mexico, China and Spain were the largest modified starches suppliers to Cuba, together accounting for 52% of total imports. These countries were followed by Brazil, Argentina, Chile and India, which together accounted for a further 22%.

What are the leading importers of dextrins and other modified starches from Cuba?

In value terms, Spain emerged as the key foreign market for modified starches exports from Cuba, comprising 68% of total exports. The second position in the ranking was occupied by Costa Rica, with a 32% share of total exports.

What is the average export price for dextrins and other modified starches in Cuba?

In 2021, the average modified starches export price amounted to $853 per ton, waning by -13.5% against the previous year.

What is the average import price for dextrins and other modified starches in Cuba?

The average modified starches import price stood at $1,007 per ton in 2021, with a decrease of -8.9% against the previous year.

This report provides an in-depth analysis of the modified starches 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 10621170 - Dextrins and other modified starches (including esterified or etherified, soluble starch, pregelatinised or swelling starch, d ialdehyde starch, starch treated with formaldehyde or epichlorohydrin)

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