Report Update Nov 1, 2024

Cuba - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Cuba

After five years of growth, the Cuban dried or salted fish market decreased by -2% to $X in 2021. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

Production of Dried Or Salted Fish in Cuba

In value terms, dried or salted fish production declined to $X in 2021 estimated in export price. Overall, production enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 36% against the previous year. Dried or salted fish production peaked at $X in 2020, and then dropped in the following year.

Exports of Dried Or Salted Fish

Exports from Cuba

Dried or salted fish exports from Cuba stood at X tons in 2021, surging by 4.4% compared with 2020. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when exports increased by 4.4%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, dried or salted fish exports reached $X in 2021. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 11%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dried or salted fish exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR amounted to +4.4%.

In value terms, Hong Kong SAR ($X) also remains the key foreign market for dried or salted fish exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR stood at +11.1%.

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, rising by 6.5% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish export price increased by +76.0% against 2012 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 6.5% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to +6.5% per year.

Imports of Dried Or Salted Fish

Imports into Cuba

In 2021, approx. X tons of dried or salted fish were imported into Cuba; surging by 5.3% against 2020 figures. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 112%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) was the main dried or salted fish supplier to Cuba, with a 92% share of total imports. Moreover, dried or salted fish imports from Spain exceeded the figures recorded by the second-largest supplier, Portugal (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +35.1%.

In value terms, Spain ($X) constituted the largest supplier of dried or salted fish to Cuba, comprising 87% of total imports. The second position in the ranking was held by Portugal ($X), with a 6.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +44.3%.

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, rising by 9.3% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 36%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish consumption in 2020 were Indonesia, China and the Philippines, with a combined 31% share of global consumption.

What are the largest producers of dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish production in 2020 were Indonesia, China and the Philippines, together comprising 35% of global production. India, the U.S., Norway, Portugal, Japan, Vietnam, Russia, Germany, Bangladesh and Angola lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of dried or salted fish to Cuba?

In value terms, Croatia, Spain and Italy appeared to be the largest dried or salted fish suppliers to Cuba.

What is the average export price for dried or salted fish in Cuba?

In 2020, the average dried or salted fish export price amounted to $3,463 per ton, approximately equating the previous year.

What is the average import price for dried or salted fish in Cuba?

In 2020, the average dried or salted fish import price amounted to $3,838 per ton, falling by -21.7% against the previous year.

This report provides an in-depth analysis of the market for dried or salted fish 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 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202300 -

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