Report Update Nov 1, 2024

Cuba - Lauric Acid and Others, Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Lauric Acid And Other Acids, Their Salts And Esters 2024

Market Size for Lauric Acid And Other Acids, Their Salts And Esters in Cuba

The Cuban market for lauric acid and other acids, their salts and esters soared to $X in 2021, rising by 78% 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). Over the period under review, consumption recorded a significant increase. Consumption of peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Lauric Acid And Other Acids, Their Salts And Esters

Exports by Country

The Netherlands (X kg) was the main destination for exports of lauric acid and other acids, their salts and esters from Cuba, with a approx. 100% share of total exports.

From 2015 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

From 2015 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Imports of Lauric Acid And Other Acids, Their Salts And Esters

Imports into Cuba

For the third consecutive year, Cuba recorded growth in purchases abroad of lauric acid and other acids, their salts and esters, which increased by 83% to X tons in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 432% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of lauric acid and other acids, their salts and esters surged to $X in 2021. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 191%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Spain (X tons), Italy (X tons) and Guatemala (X tons) were the main suppliers of imports of lauric acid and other acids, their salts and esters to Cuba, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +174.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of lauric acid and other acids, their salts and esters to Cuba, comprising 37% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Guatemala, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (0.0% per year) and Guatemala (+216.0% per year).

Import Prices by Country

The average import price for lauric acid and other acids, their salts and esters stood at $X per ton in 2021, dropping by -9.3% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2016 an increase of 72% 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 remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+13.5%), 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 lauric acid and other acids, their salts and esters in the world?

The countries with the highest volumes of consumption of lauric acid and other acids, their salts and esters in 2020 were China, the United States and the Netherlands, with a combined 44% share of global consumption.

What are the largest producers of lauric acid and other acids, their salts and esters in the world?

The countries with the highest volumes of production of lauric acid and other acids, their salts and esters in 2020 were Indonesia, China and Malaysia, together accounting for 46% of global production.

What are the leading suppliers of lauric acid and other acids, their salts and esters to Cuba?

In value terms, Spain constituted the largest supplier of lauric acid and other acids, their salts and esters to Cuba.

What is the average export price for lauric acid and other acids, their salts and esters in Cuba?

The average export price for lauric acid and other acids, their salts and esters stood at $3,000 per ton in 2015, almost unchanged from the previous year.

What is the average import price for lauric acid and other acids, their salts and esters in Cuba?

The average import price for lauric acid and other acids, their salts and esters stood at $1,994 per ton in 2020, waning by -53.3% against the previous year.

This report provides an in-depth analysis of the market for lauric acid and other acids, their salts and esters 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 20143280 - Lauric acid and others, salts and esters

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