Report Update Nov 1, 2024

Cuba - Dry Bean - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Dry Bean Market 2024

Dry Bean Market Size in Cuba

The Cuban dry bean market declined modestly to $X in 2021, leveling off at the previous year. Over the period under review, consumption, however, saw a pronounced decrease. Dry bean consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Dry Bean Production in Cuba

In value terms, dry bean production soared to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable slump. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

In 2021, the average dry bean yield in Cuba surged to X tons per ha, increasing by 21% compared with the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The dry bean yield peaked at X tons per ha in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of beans (dry) were harvested in Cuba; picking up by 18% against the previous year. Over the period under review, the harvested area, however, saw a perceptible decline. The growth pace was the most rapid in 2018 with an increase of 25%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2021, the growth of the dry bean harvested area failed to regain momentum.

Dry Bean Exports

Exports from Cuba

In 2014, approx. X tons of beans (dry) were exported from Cuba; rising by 25,245% compared with 2013. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dry bean exports skyrocketed to $X in 2014. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa (X tons) was the main destination for dry bean exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2014, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2013 to 2014, the average annual rate of growth in terms of value to South Africa was relatively modest.

Export Prices by Country

In 2014, the average dry bean export price amounted to $X per ton, falling by -30.8% against the previous year. In general, the export price showed a dramatic shrinkage. The export price peaked at $X per ton in 2013, and then fell remarkably in the following year.

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

From 2013 to 2014, the rate of growth in terms of prices for South Africa amounted to 0.0% per year.

Dry Bean Imports

Imports into Cuba

In 2021, approx. X tons of beans (dry) were imported into Cuba; falling by -43.2% against the previous year. Over the period under review, imports continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2016 when imports increased by 248% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank rapidly in the following year.

In value terms, dry bean imports fell markedly to $X in 2021. In general, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2016 with an increase of 273%. Imports peaked at $X in 2020, and then contracted remarkably in the following year.

Imports by Country

China (X tons), Argentina (X tons) and Mexico (X tons) were the main suppliers of dry bean imports to Cuba, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were in Mexico (with a CAGR of +90.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Argentina ($X) and Mexico ($X) constituted the largest dry bean suppliers to Cuba, together accounting for 93% of total imports.

Among the main suppliers, Mexico, with a CAGR of +98.2%, recorded the highest growth rate of 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

The average dry bean import price stood at $X per ton in 2021, falling by -13% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Nicaragua ($X per ton) and China ($X per ton), while the price for Argentina ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.8%), 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 beans (dry) in the world?

The countries with the highest volumes of dry bean consumption in 2020 were India, Nigeria and Brazil, together accounting for 34% of global consumption. These countries were followed by Niger, Myanmar, Tanzania, the United States, China, Mexico, Kenya, Burkina Faso, Cameroon and Uganda, which together accounted for a further 34%.

What are the largest producers of beans (dry) in the world?

The countries with the highest volumes of dry bean production in 2020 were India, Nigeria and Myanmar, with a combined 33% share of global production. These countries were followed by Brazil, Niger, the United States, Tanzania, China, Mexico, Kenya, Burkina Faso, Cameroon and Argentina, which together accounted for a further 38%.

What are the leading suppliers of beans (dry) to Cuba?

In value terms, China constituted the largest supplier of dry bean to Cuba, comprising 63% of total imports. The second position in the ranking was occupied by Argentina, with a 27% share of total imports.

What is the average export price for beans (dry) in Cuba?

In 2014, the average dry bean export price amounted to $818 per ton, reducing by -21.9% against the previous year.

What is the average import price for beans (dry) in Cuba?

The average dry bean import price stood at $1,036 per ton in 2020, approximately mirroring the previous year.

This report provides an in-depth analysis of the dry bean 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 176 - Beans, dry
FCL 203 - Bambara beans
FCL 195 - Cow peas, dry

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023