Cuba: Market for Chocolate Bars with Cereals, Fruit or Nuts 2025

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Cuba

After three years of growth, the Cuban market for chocolate bars with cereals, fruit or nuts decreased by -1.7% to $X in 2021. Overall, consumption saw a slight setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Cuba

In value terms, production of chocolate bars with cereals, fruit or nuts fell slightly to $X in 2021 estimated in export price. In general, production recorded a mild slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 21%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Cuba

For the tenth year in a row, Cuba recorded growth in overseas shipments of chocolate bars with cereals, fruit or nuts, which increased by 132% to X tons in 2021. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of chocolate bars with cereals, fruit or nuts soared to $X in 2021. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by 23% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X tons) and Spain (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Cuba.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +87.0%).

In value terms, France ($X) and Spain ($X) appeared to be the largest markets for cereal, fruit or nut chocolate bar exported from Cuba worldwide.

In terms of the main countries of destination, France, with a CAGR of +59.5%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average export price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, which is down by -48.3% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-14.7%).

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Cuba

In 2021, purchases abroad of chocolate bars with cereals, fruit or nuts was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a perceptible setback. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of chocolate bars with cereals, fruit or nuts skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Cuba, with a combined 88% share of total imports. These countries were followed by the Dominican Republic, Mexico, Colombia, Costa Rica, Argentina and Canada, which together accounted for a further 9.6%.

From 2012 to 2021, the biggest increases were in the Dominican Republic (with a CAGR of +47.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cereal, fruit or nut chocolate bar suppliers to Cuba were Spain ($X), Brazil ($X) and Italy ($X), with a combined 85% share of total imports. Mexico, Colombia, Costa Rica, the Dominican Republic, Argentina and Canada lagged somewhat behind, together comprising a further 11%.

In terms of the main suppliers, the Dominican Republic, with a CAGR of +61.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for chocolate bars with cereals, fruit or nuts stood at $X per ton in 2021, picking up by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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