Cuba: Food Manufacture Machinery Market 2025

Food Manufacture Machinery Market Size in Cuba

The Cuban food manufacture machinery market reduced markedly to $X in 2021, waning by -78.1% 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). Overall, consumption showed a abrupt setback. Food manufacture machinery consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Food Manufacture Machinery Exports

Exports from Cuba

For the third consecutive year, Cuba recorded decline in shipments abroad of machinery for the preparation or manufacture of food or drink, which decreased by 0% to X units in 2018. Overall, exports posted significant growth. The smallest decline of -20% was in 2016. Over the period under review, the exports attained the maximum in 2018 and are expected to retain growth in the immediate term.

In value terms, food manufacture machinery exports amounted to $X in 2018. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 6.4% against the previous year. Over the period under review, the exports attained the maximum in 2018 and are likely to see steady growth in years to come.

Exports by Country

Bolivia (X units) was the main destination for food manufacture machinery exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Bolivia was relatively modest.

From 2012 to 2018, the average annual rate of growth in terms of value to Bolivia was relatively modest.

Export Prices by Country

The average food manufacture machinery export price stood at $X per unit in 2018, flattening at the previous year. In general, the export price enjoyed a significant increase. The growth pace was the most rapid in 2016 an increase of 33% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From 2012 to 2018, the rate of growth in terms of prices for Jamaica amounted to 0.0% per year.

Food Manufacture Machinery Imports

Imports into Cuba

In 2021, overseas purchases of machinery for the preparation or manufacture of food or drink decreased by -81.9% to X units, falling for the second year in a row after three years of growth. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 when imports increased by 512%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, food manufacture machinery imports fell remarkably to $X in 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 630% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X units) constituted the largest food manufacture machinery supplier to Cuba, with a 72% share of total imports. Moreover, food manufacture machinery imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by Germany (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at -9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-23.1% per year) and Germany (-15.4% per year).

In value terms, Italy ($X), Spain ($X) and Germany ($X) appeared to be the largest food manufacture machinery suppliers to Cuba, with a combined 61% share of total imports. Canada lagged somewhat behind, accounting for a further 4%.

Canada, with a CAGR of +20.9%, 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 a decline.

Import Prices by Country

The average food manufacture machinery import price stood at $X per unit in 2021, picking up by 51% against the previous year. Overall, the import price, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 an increase of 69%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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