Report Update Nov 1, 2024

Cuba - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Powdered, Evaporated And Condensed Milk 2024

Market Size for Powdered, Evaporated And Condensed Milk in Cuba

The Cuban market for powdered, evaporated and condensed milk dropped to $X in 2021, waning by -14.9% against the previous year. Overall, consumption saw a noticeable downturn. Powdered, evaporated and condensed milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Powdered, Evaporated And Condensed Milk in Cuba

In value terms, powdered, evaporated and condensed milk production shrank to $X in 2021 estimated in export price. In general, production saw a abrupt descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 37%. Powdered, evaporated and condensed milk production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports from Cuba

In 2016, exports of powdered, evaporated and condensed milk from Cuba stood at X kg, approximately reflecting 2015 figures. In general, exports saw significant growth. The smallest decline of 99.9% was in 2013. The exports peaked in 2016 and are likely to continue growth in years to come.

In value terms, powdered, evaporated and condensed milk exports stood at $X in 2016. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2013. The exports peaked in 2016 and are expected to retain growth in the immediate term.

Exports by Country

Seychelles (X kg) was the main destination for powdered, evaporated and condensed milk exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Seychelles was relatively modest.

From 2012 to 2016, the average annual rate of growth in terms of value to Seychelles was relatively modest.

Export Prices by Country

The average export price for powdered, evaporated and condensed milk stood at $X per ton in 2016, almost unchanged from the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2013 a decrease of 99.9% against the previous year. The export price peaked in 2016 and is expected to retain growth in years to come.

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

From 2012 to 2016, the rate of growth in terms of prices for Seychelles amounted to 0.0% per year.

Imports of Powdered, Evaporated And Condensed Milk

Imports into Cuba

Powdered, evaporated and condensed milk imports into Cuba fell to X tons in 2021, waning by -13.6% on the previous year's figure. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 37%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk imports shrank sharply to $X in 2021. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Uruguay (X tons), New Zealand (X tons) and Belgium (X tons) were the main suppliers of powdered, evaporated and condensed milk imports to Cuba, with a combined 53% share of total imports. Mexico, France, Poland, the Netherlands, Argentina, Canada and Lithuania lagged somewhat behind, together accounting for a further 17%.

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 +50.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Uruguay ($X), New Zealand ($X) and Belgium ($X) were the largest powdered, evaporated and condensed milk suppliers to Cuba, together comprising 54% of total imports. These countries were followed by Mexico, Poland, France, the Netherlands, Argentina, Canada and Lithuania, which together accounted for a further 18%.

In terms of the main suppliers, Mexico, with a CAGR of +56.8%, 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 mixed trend patterns.

Import Prices by Country

The average import price for powdered, evaporated and condensed milk stood at $X per ton in 2021, which is down by -2.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), 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 powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 23% share of global consumption. France, Germany, Mexico, Peru, the Netherlands, Malaysia, Russia, Algeria, Indonesia and Saudi Arabia lagged somewhat behind, together comprising a further 31%.

What are the largest producers of powdered, evaporated and condensed milk in the world?

The countries with the highest volumes of in 2021 were the United States, New Zealand and Germany, together comprising 37% of global production. These countries were followed by France, Brazil, the Netherlands, Peru, Mexico, Belarus, Malaysia, the UK, Belgium and India, which together accounted for a further 33%.

What are the leading suppliers of powdered, evaporated and condensed milk to Cuba?

In value terms, New Zealand constituted the largest supplier of powdered, evaporated and condensed milk to Cuba, comprising 46% of total imports. The second position in the ranking was occupied by Belgium, with a 17% share of total imports. It was followed by Mexico, with a 14% share.

What is the average export price for powdered, evaporated and condensed milk in Cuba?

In 2016, the average export price for powdered, evaporated and condensed milk amounted to $4,987 per ton, increasing by 18% against the previous year.

What is the average import price for powdered, evaporated and condensed milk in Cuba?

The average import price for powdered, evaporated and condensed milk stood at $3,043 per ton in 2021, dropping by -6.7% against the previous year.

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk 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 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk
FCL 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed

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