Cuba: Market for Manufactured Tobacco, Extracts And Essences 2025

Market Size for Manufactured Tobacco, Extracts And Essences in Cuba

The Cuban market for manufactured tobacco, extracts and essences shrank dramatically to $X in 2021, reducing by -15.2% 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). In general, consumption continues to indicate a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Manufactured Tobacco, Extracts And Essences

Exports from Cuba

In 2021, overseas shipments of manufactured tobacco, extracts and essences increased by 1,207% to X kg, rising for the second consecutive year after two years of decline. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, manufactured tobacco, extracts and essences exports soared to $X in 2021. In general, exports continue to indicate prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X kg) and Thailand (X kg) were the main destinations of manufactured tobacco, extracts and essences exports from Cuba.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +64.6%).

In value terms, the largest markets for manufactured tobacco, extracts and essences exported from Cuba were the Netherlands ($X) and Thailand ($X).

The Netherlands, with a CAGR of +106.3%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for manufactured tobacco, extracts and essences stood at $X per ton in 2021, falling by -60.7% against the previous year. Overall, the export price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 480%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manufactured Tobacco, Extracts And Essences

Imports into Cuba

Manufactured tobacco, extracts and essences imports into Cuba contracted to X tons in 2021, with a decrease of -11.8% compared with the year before. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 217%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, manufactured tobacco, extracts and essences imports shrank to $X in 2021. Overall, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 183% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the main supplier of manufactured tobacco, extracts and essences to Cuba, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at -11.8%.

In value terms, Brazil ($X) constituted the largest supplier of manufactured tobacco, extracts and essences to Cuba.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled -13.7%.

Import Prices by Country

In 2021, the average import price for manufactured tobacco, extracts and essences amounted to $X per ton, which is down by -2.2% against the previous year. Over the period under review, the import price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -2.1% per year.

Source: IndexBox Platform

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