Report Update Nov 1, 2024

Cuba - Meat - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Meat Market 2024

Meat Market Size in Cuba

The Cuban meat market soared to $X in 2021, surging by 21% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Meat consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Meat Production in Cuba

In value terms, meat production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. Meat production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

The average yield of meat in Cuba was estimated at X kg per head in 2021, approximately mirroring the previous year's figure. In general, the yield recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 6%. As a result, the yield attained the peak level of X kg per head. From 2017 to 2021, the growth of the average meat yield remained at a somewhat lower figure.

In 2021, the number of animals slaughtered for meat production in Cuba fell slightly to X heads, with a decrease of -1.6% on the previous year. Overall, the number of producing animals continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of 9.1%. The number of animals slaughtered for meat production peaked at X heads in 2018; however, from 2019 to 2021, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Cuba

In 2021, approx. X kg of meat were exported from Cuba; standing approx. at 2020. Over the period under review, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2018. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, meat exports totaled $X in 2021. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Luxembourg (X kg) was the main destination for meat exports from Cuba, with a approx. 100% share of total exports.

From 2017 to 2021, the average annual growth rate of volume to Luxembourg was relatively modest.

From 2017 to 2021, the average annual growth rate of value to Luxembourg was relatively modest.

Export Prices by Country

In 2021, the average meat export price amounted to $X per ton, leveling off at the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2017 to 2021, the rate of growth in terms of prices for Luxembourg amounted to 0.0% per year.

Meat Imports

Imports into Cuba

In 2021, meat imports into Cuba surged to X tons, increasing by 171% against 2020. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat imports surged to $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Canada (X tons) and Brazil (X tons) were the main suppliers of meat imports to Cuba, together accounting for 59% of total imports. These countries were followed by Panama, Italy and Chile, which together accounted for a further 6.5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +172.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest meat suppliers to Cuba were Spain ($X), Canada ($X) and Brazil ($X), together accounting for 59% of total imports. Panama, Chile and Italy lagged somewhat behind, together comprising a further 7.6%.

Among the main suppliers, Panama, with a CAGR of +176.9%, recorded 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 meat import price stood at $X per ton in 2021, shrinking by -16% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2020, and then fell markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for meat in the world?

China constituted the country with the largest volume of meat consumption, accounting for 30% of total volume. Moreover, meat consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Brazil ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of meat in the world?

China constituted the country with the largest volume of meat production, comprising approx. 27% of total volume. Moreover, meat production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. Brazil ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of meat to Cuba?

In value terms, Spain constituted the largest supplier of meat to Cuba, comprising 65% of total imports. The second position in the ranking was occupied by Canada, with a 22% share of total imports. It was followed by Chile, with a 6.7% share.

What is the average export price for meat in Cuba?

In 2017, the average meat export price amounted to $5,667 per ton, remaining stable against the previous year.

What is the average import price for meat in Cuba?

In 2021, the average meat import price amounted to $3,815 per ton, with a decrease of -9.6% against the previous year.

This report provides an in-depth analysis of the meat market 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:

FCL 1108 - Meat of asses
FCL 947 - Buffalo meat
FCL 1127 - Meat of camels
FCL 867 - Meat of cattle
FCL 870 - Meat of cattle, boneless
FCL 1017 - Goat meat
FCL 1097 - Horse meat
FCL 1111 - Meat of mules
FCL 1158 - Meat of other domestic camelids
FCL 1151 - Meat of other domestic rodents
FCL 1035 - Pig meat
FCL 1141 - Rabbit meat
FCL 977 - Meat of sheep

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023