Report Update Nov 1, 2024

Cuba - Gingerbread, Sweet Biscuits and Waffles - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Gingerbread, Sweet Biscuits and Waffles 2024

Market Size for Gingerbread, Sweet Biscuits and Waffles in Cuba

For the fourth year in a row, the Cuban market for gingerbread, sweet biscuits and waffles recorded decline in sales value, which decreased by -1.8% to $X in 2021. Over the period under review, consumption showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 1.9%. Gingerbread, sweet biscuit and waffle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Gingerbread, Sweet Biscuits and Waffles in Cuba

In value terms, gingerbread, sweet biscuit and waffle production declined slightly to $X in 2021 estimated in export price. Over the period under review, production saw a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 6.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Gingerbread, Sweet Biscuits and Waffles

Exports by Country

Venezuela (X kg) was the main destination for gingerbread, sweet biscuit and waffle exports from Cuba, with a 73% share of total exports. Moreover, gingerbread, sweet biscuit and waffle exports to Venezuela exceeded the volume sent to the second major destination, Canada (X kg), threefold.

From 2012 to 2012, the average annual rate of growth in terms of volume to Venezuela was relatively modest.

From 2012 to 2012, the average annual rate of growth in terms of value to Venezuela was relatively modest.

Imports of Gingerbread, Sweet Biscuits and Waffles

Imports into Cuba

Gingerbread, sweet biscuit and waffle imports into Cuba skyrocketed to X tons in 2021, picking up by 26% on 2020. In general, imports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 41%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, gingerbread, sweet biscuit and waffle imports soared to $X in 2021. Overall, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 40% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Guatemala (X tons) and Colombia (X tons) were the main suppliers of gingerbread, sweet biscuit and waffle imports to Cuba, with a combined 68% share of total imports. Brazil, Italy, Mexico, Peru, Portugal, Chile, the Dominican Republic and India lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +38.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of gingerbread, sweet biscuits and waffles to Cuba, comprising 40% of total imports. The second position in the ranking was taken by Guatemala ($X), with a 14% share of total imports. It was followed by Colombia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (-0.5% per year) and Colombia (+11.2% per year).

Import Prices by Country

In 2021, the average import price for gingerbread, sweet biscuits and waffles amounted to $X per ton, with an increase of 7.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), 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 gingerbread, sweet biscuits and waffles in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 35% of global consumption. These countries were followed by Russia, Japan, Brazil, Indonesia, Pakistan, Bangladesh, Mexico and Nigeria, which together accounted for a further 21%.

What are the largest producers of gingerbread, sweet biscuits and waffles in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 34% of global production. Russia, Indonesia, Brazil, Japan, Mexico, Pakistan, Bangladesh, Nigeria, Turkey and Germany lagged somewhat behind, together comprising a further 26%.

What are the leading suppliers of gingerbread, sweet biscuits and waffles to Cuba?

In value terms, Spain constituted the largest supplier of gingerbread, sweet biscuit and waffle to Cuba, comprising 56% of total imports. The second position in the ranking was occupied by Guatemala, with a 20% share of total imports. It was followed by Chile, with a 6.7% share.

What is the average import price for gingerbread, sweet biscuits and waffles in Cuba?

In 2021, the average import price for gingerbread, sweet biscuits and waffles amounted to $2,003 per ton, which is down by -6.2% against the previous year.

This report provides an in-depth analysis of the market for gingerbread, sweet biscuit and waffle 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 10721230 - Gingerbread and the like
Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa
Prodcom 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)
Prodcom 10721257 - Waffles and wafers with a water content > .10 % by weight of the finished product (excluding ice cream cornets, s andwiched waffles, other similar products)
Prodcom 10721259 - Waffles and wafers (including salted) (excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)

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