Cuba: Frozen Poultry Liver Market 2024

Frozen Poultry Liver Market Size in Cuba

The Cuban frozen poultry liver market skyrocketed to $X in 2021, increasing by 33% 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). In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.5% against 2016 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Frozen Poultry Liver Exports

Exports from Cuba

In 2019, the amount of frozen poultry livers and offal exported from Cuba skyrocketed to X tons, growing by 129% on the previous year. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

In value terms, frozen poultry liver exports fell dramatically to $X in 2019. Overall, exports, however, continue to indicate a deep downturn. The exports peaked at $X in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X tons) was the main destination for frozen poultry liver exports from Cuba, accounting for a 98% share of total exports. It was followed by Cote d'Ivoire (X kg), with a 1.5% share of total exports.

From 2014 to 2019, the average annual rate of growth in terms of volume to Mauritania was relatively modest.

In value terms, Mauritania ($X) emerged as the key foreign market for frozen poultry liver exports from Cuba, comprising 89% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with an 11% share of total exports.

From 2014 to 2019, the average annual growth rate of value to Mauritania was relatively modest.

Export Prices by Country

The average frozen poultry liver export price stood at $X per ton in 2019, reducing by -65.3% against the previous year. Over the period under review, the export price saw a abrupt setback. Over the period under review, the average export prices hit record highs at $X per ton in 2018, and then contracted sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Mauritania totaled $X per ton.

From 2014 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Poultry Liver Imports

Imports into Cuba

In 2021, approx. X tons of frozen poultry livers and offal were imported into Cuba; with an increase of 35% against the previous year. Over the period under review, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen poultry liver imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.7% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the United States (X tons) constituted the largest frozen poultry liver supplier to Cuba, accounting for a 89% share of total imports. Moreover, frozen poultry liver imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+0.1% per year) and Poland (+19.6% per year).

In value terms, the United States ($X) constituted the largest supplier of frozen poultry liver to Cuba, comprising 86% of total imports. The second position in the ranking was held by Brazil ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+3.3% per year) and Poland (+12.5% per year).

Import Prices by Country

In 2021, the average frozen poultry liver import price amounted to $X per ton, declining by -2.3% against the previous year. In general, the import price continues to indicate a mild reduction. The growth pace was the most rapid in 2017 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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