Report Update Nov 1, 2024

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

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Cuba: Dry Vegetable Market 2024

Dry Vegetable Market Size in Cuba

The Cuban dry vegetable market rose markedly to $X in 2021, picking up by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted a tangible increase. Dry vegetable consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Dry Vegetable Exports

Exports from Cuba

After five years of growth, overseas shipments of dry vegetables decreased by -1.8% to X tons in 2021. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 300% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted slightly in the following year.

In value terms, dry vegetable exports reached $X in 2021. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 545% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Switzerland (X tons) was the main destination for dry vegetable exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at +32.7%.

In value terms, Switzerland ($X) also remains the key foreign market for dry vegetable exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled +36.9%.

Export Prices by Country

The average dry vegetable export price stood at $X per ton in 2021, surging by 2.3% against the previous year. Overall, the export price enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Switzerland amounted to +3.1% per year.

Dry Vegetable Imports

Imports into Cuba

In 2021, imports of dry vegetables into Cuba was estimated at X tons, growing by 14% on the year before. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 119%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, dry vegetable imports amounted to $X in 2021. Overall, imports continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of 112% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest dry vegetable supplier to Cuba, accounting for a 87% share of total imports. Moreover, dry vegetable imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+16.0% per year) and Canada (0.0% per year).

In value terms, Spain ($X) constituted the largest supplier of dry vegetable to Cuba, comprising 81% of total imports. The second position in the ranking was held by Mexico ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+11.8% per year) and Canada (0.0% per year).

Import Prices by Country

In 2021, the average dry vegetable import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 48%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of in 2021 were the Philippines, Israel and Taiwan Chinese), together comprising 22% of global consumption. Germany, Pakistan, Russia, South Korea, Japan, Canada, the United States, Morocco, the UK and Egypt lagged somewhat behind, together comprising a further 32%.

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

China remains the largest dry vegetable producing country worldwide, accounting for 30% of total volume. Moreover, dry vegetable production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the Philippines, with a 9.4% share.

What are the leading suppliers of dry vegetables to Cuba?

In value terms, Spain constituted the largest supplier of dry vegetable to Cuba, comprising 58% of total imports. The second position in the ranking was occupied by China, with a 29% share of total imports. It was followed by Mexico, with a 9.6% share.

What are the leading importers of dry vegetables from Cuba?

In value terms, Switzerland remains the key foreign market for dry vegetable exports from Cuba.

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

In 2021, the average dry vegetable export price amounted to $4,411 per ton, picking up by 1.7% against the previous year.

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

In 2021, the average dry vegetable import price amounted to $2,720 per ton, reducing by -6.2% against the previous year.

This report provides an in-depth analysis of the dry 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 469 - Vegetables, Dehydrated

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