Report Update Nov 1, 2024

Cuba - Gin and Geneva - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Gin And Geneva Market 2024

Gin And Geneva Exports

Exports from Cuba

In 2022, after three years of growth, there was significant decline in shipments abroad of gin and geneva, when their volume decreased by -27.2% to X litres. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 6,926% against the previous year. As a result, the exports reached the peak of X litres. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gin and geneva exports reduced modestly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 4,571%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X litres) was the main destination for gin and geneva exports from Cuba, accounting for a 84% share of total exports. Moreover, gin and geneva exports to the Czech Republic exceeded the volume sent to the second major destination, Malaysia (X litres), eightfold. Montenegro (X litres) ranked third in terms of total exports with a 3% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+58.9% per year) and Montenegro (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for gin and geneva exports from Cuba, comprising 83% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total exports. It was followed by Montenegro, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+57.6% per year) and Montenegro (0.0% per year).

Export Prices by Country

The average gin and geneva export price stood at $X per litre in 2022, jumping by 32% against the previous year. Overall, the export price saw a temperate increase. The pace of growth was the most pronounced in 2015 an increase of 102% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Montenegro ($X per litre) and Malaysia ($X per litre), while the average price for exports to Maldives ($X per litre) and the Czech Republic ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Gin And Geneva Imports

Imports into Cuba

In 2022, the amount of gin and geneva imported into Cuba declined to X litres, falling by -7.7% against 2021 figures. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 126%. Over the period under review, imports attained the maximum at X litres in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, gin and geneva imports fell to $X in 2022. Overall, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 144% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X litres), the UK (X litres) and Italy (X litres) were the main suppliers of gin and geneva imports to Cuba, with a combined 50% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the UK ($X) and Panama ($X) appeared to be the largest gin and geneva suppliers to Cuba, with a combined 54% share of total imports. These countries were followed by Italy, France and India, which together accounted for a further 7.2%.

Italy, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gin and geneva import price stood at $X per litre in 2022, flattening at the previous year. In general, the import price showed a mild setback. The most prominent rate of growth was recorded in 2019 an increase of 21%. As a result, import price attained the peak level of $X per litre. From 2020 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 Panama ($X per litre), while the price for India ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.6%), 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 gin and geneva in the world?

The United States constituted the country with the largest volume of gin and geneva consumption, accounting for 78% of total volume. Moreover, gin and geneva consumption in the United States exceeded the figures recorded by the second-largest consumer, India, more than tenfold. Japan ranked third in terms of total consumption with a 1.8% share.

What are the largest producers of gin and geneva in the world?

The country with the largest volume of gin and geneva production was the United States, comprising approx. 77% of total volume. Moreover, gin and geneva production in the United States exceeded the figures recorded by the second-largest producer, the UK, more than tenfold. India ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of gin and geneva to Cuba?

In value terms, the UK, Panama and Spain were the largest gin and geneva suppliers to Cuba, together accounting for 93% of total imports.

What are the leading importers of gin and geneva from Cuba?

In value terms, the Czech Republic remains the key foreign market for gin and geneva exports from Cuba, comprising 87% of total exports. The second position in the ranking was occupied by Malaysia, with a 9.3% share of total exports.

What is the average export price for gin and geneva in Cuba?

In 2021, the average gin and geneva export price amounted to $10 per litre, waning by -4.9% against the previous year.

What is the average import price for gin and geneva in Cuba?

The average gin and geneva import price stood at $2.6 per litre in 2021, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the gin and geneva 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 11011050 - Gin and geneva (important: excluding alcohol duty)

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