Cuba: Frozen Fish Fillet Market 2025

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

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