Report Update Nov 1, 2024

Cuba - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Cuba

In 2021, the Cuban frozen fish fillet market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Frozen Fish Fillet Production in Cuba

In value terms, frozen fish fillet production fell to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced slump. The most prominent rate of growth was recorded in 2013 with an increase of 116% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Frozen Fish Fillet Exports

Exports from Cuba

For the third year in a row, Cuba recorded growth in shipments abroad of frozen fish fillet, which increased by 108% to X tons in 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish fillet exports surged to $X in 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) was the main destination for frozen fish fillet exports from Cuba, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to the Dominican Republic was relatively modest.

In value terms, the Dominican Republic ($X) emerged as the key foreign market for frozen fish fillet exports from Cuba.

From 2015 to 2021, the average annual rate of growth in terms of value to the Dominican Republic was relatively modest.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2021, flattening at the previous year. In general, the export price, however, continues to indicate a noticeable decline. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2015 to 2021, the rate of growth in terms of prices for Austria amounted to -9.1% per year.

Frozen Fish Fillet Imports

Imports into Cuba

In 2021, purchases abroad of frozen fish fillet increased by 87% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep slump. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, frozen fish fillet imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and Iceland (X tons) were the main suppliers of frozen fish fillet imports to Cuba, with a combined 78% share of total imports. Peru, Chile and Portugal lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +12.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of frozen fish fillet to Cuba, comprising 43% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Chile, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.9% per year) and Chile (-6.9% per year).

Import Prices by Country

In 2021, the average frozen fish fillet import price amounted to $X per ton, surging by 2.9% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 12%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uganda (+10.1%), 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 frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were the United States, Vietnam and Germany, with a combined 43% share of global consumption. These countries were followed by China, the UK, Japan, France, Poland, Spain, Italy, Mexico, Russia and Greenland, which together accounted for a further 34%.

What are the largest producers of frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were Vietnam, China and the United States, with a combined 53% share of global production. These countries were followed by Germany, Norway, the UK, Chile, Russia, Greenland, Argentina, Iceland, Namibia and France, which together accounted for a further 31%.

What are the leading suppliers of frozen fish fillet to Cuba?

In value terms, the largest frozen fish fillet suppliers to Cuba were Spain, China and Lithuania, together accounting for 75% of total imports.

What is the average export price for frozen fish fillet in Cuba?

The average frozen fish fillet export price stood at $3,840 per ton in 2020, falling by -5.2% against the previous year.

What is the average import price for frozen fish fillet in Cuba?

In 2021, the average frozen fish fillet import price amounted to $4,191 per ton, falling by -2% against the previous year.

This report provides an in-depth analysis of the frozen fish fillet 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 10201400 - Frozen fish fillets

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