Report Update Nov 1, 2024

Cuba - Evaporated and Condensed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Evaporated And Condensed Milk 2024

Market Size for Evaporated And Condensed Milk in Cuba

In 2021, after two years of decline, there was significant growth in the Cuban evaporated and condensed milk market, when its value increased by 28% to $X. In general, consumption, however, recorded a deep downturn. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Evaporated And Condensed Milk in Cuba

In value terms, evaporated and condensed milk production amounted to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Evaporated And Condensed Milk

Exports from Cuba

Evaporated and condensed milk exports from Cuba stood at X kg in 2016, stabilizing at the previous year. In general, exports showed a significant expansion. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2016 and are likely to see gradual growth in the near future.

In value terms, evaporated and condensed milk exports totaled $X in 2016. Overall, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the maximum in 2016 and are likely to see steady growth in the near future.

Exports by Country

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

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

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

Export Prices by Country

The average evaporated and condensed milk export price stood at $X per ton in 2016, approximately equating the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2013 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2016 and is expected to retain growth in the immediate term.

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 Evaporated And Condensed Milk

Imports into Cuba

In 2021, after two years of decline, there was significant growth in overseas purchases of evaporated and condensed milk, when their volume increased by 103% to X tons. In general, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when imports increased by 146% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, evaporated and condensed milk imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep contraction. The growth pace was the most rapid in 2017 when imports increased by 246%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), Malaysia (X tons) and Peru (X tons) were the main suppliers of evaporated and condensed milk imports to Cuba, together accounting for 97% of total imports.

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 +22.3%), while imports for the other leaders experienced a decline.

In value terms, the largest evaporated and condensed milk suppliers to Cuba were Mexico ($X), Malaysia ($X) and Peru ($X), with a combined 95% share of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +15.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average evaporated and condensed milk import price stood at $X per ton in 2021, dropping by -13.2% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 an increase of 40%. 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Ukraine ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+3.3%), 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 evaporated and condensed milk in the world?

The United States constituted the country with the largest volume of evaporated and condensed milk consumption, comprising approx. 19% of total volume. Moreover, evaporated and condensed milk consumption in the United States exceeded the figures recorded by the second-largest consumer, Peru, twofold. The third position in this ranking was occupied by Malaysia, with a 4.8% share.

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

The countries with the highest volumes of evaporated and condensed milk production in 2020 were the United States, Peru and Germany, with a combined 38% share of global production. These countries were followed by Malaysia, the Netherlands, Saudi Arabia, Belarus, Mexico, Singapore, Russia, the UK, France and Belgium, which together accounted for a further 40%.

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

In value terms, Malaysia constituted the largest supplier of evaporated and condensed milk to Cuba, comprising 66% of total imports. The second position in the ranking was occupied by Mexico, with a 20% share of total imports. It was followed by Ukraine, with a 5.8% share.

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

The average evaporated and condensed milk export price stood at $4,987 per ton in 2016, stabilizing at the previous year.

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

In 2020, the average evaporated and condensed milk import price amounted to $1,817 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the market for 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 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. 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, PRODUCING ANIMALS 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. Producing Animals Slaughtered, 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