Report Update Nov 1, 2024

Cuba - Ethyl Alcohol - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Ethanol Market 2024

Ethanol Market Size in Cuba

The Cuban ethanol market rose rapidly to $X in 2022, growing by 8.3% against the previous year. Overall, consumption showed a strong increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ethanol Production in Cuba

In value terms, ethanol production stood at $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 108% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ethanol Exports

Exports from Cuba

In 2022, the amount of ethyl alcohol exported from Cuba expanded sharply to X litres, increasing by 6.5% on the previous year. Over the period under review, exports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2017 with an increase of 270% against the previous year. The exports peaked at X litres in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ethanol exports dropped to $X in 2022. In general, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 376%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X litres) was the main destination for ethanol exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the Dominican Republic totaled -24.7%.

In value terms, the Dominican Republic ($X) also remains the key foreign market for ethyl alcohol exports from Cuba.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic stood at -24.4%.

Export Prices by Country

In 2022, the average ethanol export price amounted to $X per litre, shrinking by -10.8% against the previous year. Overall, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 88% against the previous year. As a result, the export price attained the peak level of $X per litre. From 2019 to 2022, 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 the Dominican Republic.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +3.4% per year.

Ethanol Imports

Imports into Cuba

In 2022, the amount of ethyl alcohol imported into Cuba dropped dramatically to X litres, which is down by -44.3% compared with 2021 figures. In general, imports faced a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 129% against the previous year. Over the period under review, imports attained the peak figure at X litres in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ethanol imports contracted sharply to $X in 2022. Over the period under review, imports saw a sharp decrease. The growth pace was the most rapid in 2015 when imports increased by 167% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X litres), Italy (X litres) and Turkey (X litres) were the main suppliers of ethanol imports to Cuba, with a combined 45% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), Germany ($X) and Spain ($X) constituted the largest ethanol suppliers to Cuba, together accounting for 46% of total imports. The Netherlands, Turkey, Mexico and Belgium lagged somewhat behind, together comprising a further 3%.

Among the main suppliers, Turkey, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ethanol import price amounted to $X per litre, increasing by 36% against the previous year. In general, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 92%. As a result, import price reached the peak level of $X per litre. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+18.9%), 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 ethyl alcohol in the world?

The countries with the highest volumes of ethanol consumption in 2021 were Brazil, the United States and China, with a combined 66% share of global consumption. These countries were followed by India, Canada, Pakistan and Indonesia, which together accounted for a further 10%.

What are the largest producers of ethyl alcohol in the world?

The countries with the highest volumes of ethanol production in 2021 were Brazil, the United States and China, with a combined 75% share of global production.

What are the leading suppliers of ethyl alcohol to Cuba?

In value terms, the largest ethanol suppliers to Cuba were Italy, Mexico and Germany, together accounting for 88% of total imports. Spain and South Korea lagged somewhat behind, together accounting for a further 9.7%.

What are the leading importers of ethyl alcohol from Cuba?

In value terms, the largest markets for ethanol exported from Cuba were France, South Korea and Colombia, together accounting for 70% of total exports.

What is the average export price for ethyl alcohol in Cuba?

In 2021, the average ethanol export price amounted to $1,281 per ton, growing by 6.5% against the previous year.

What is the average import price for ethyl alcohol in Cuba?

In 2021, the average ethanol import price amounted to $2,427 per ton, dropping by -5.7% against the previous year.

This report provides an in-depth analysis of the ethanol 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 20147400 - Undenatured ethyl alcohol of an alcoholic strength by volume. .80 % (important: excluding alcohol duty)
Prodcom 20147500 - Denatured ethyl alcohol and other denatured spirits, of any strength

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