Report Update Nov 1, 2024

Cuba - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Cuba

After five years of growth, the Cuban market for mixed condiments, sauses and seasonings decreased by -4.9% to $X in 2021. Overall, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level at $X in 2020, and then fell slightly in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Cuba

In value terms, mixed condiment, sause and seasoning production contracted to $X in 2021 estimated in export price. Overall, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 51% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Cuba

Mixed condiment, sause and seasoning exports from Cuba surged to X tons in 2021, increasing by 39% on 2020. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,249%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2021. In general, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,301% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for mixed condiment, sause and seasoning exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for mixed condiment, sause and seasoning exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

The average export price for mixed condiments, sauses and seasonings stood at $X per ton in 2021, dropping by -5.8% against the previous year. Overall, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2015 an increase of 15% against the previous year. The export price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Cuba

In 2021, approx. X tons of mixed condiments, sauses and seasonings were imported into Cuba; increasing by 55% on 2020. In general, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 137% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning imports surged to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 131% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), the Dominican Republic (X tons) and the Netherlands (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Cuba, together accounting for 89% of total imports. These countries were followed by Panama and Mexico, which together accounted for a further 5.7%.

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 +25.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Cuba were Spain ($X), the Dominican Republic ($X) and Panama ($X), with a combined 89% share of total imports.

Among the main suppliers, Panama, with a CAGR of +30.2%, 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

In 2021, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The growth pace was the most rapid in 2016 when the average import price increased by 1.7%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+3.7%), 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 mixed condiments, sauses and seasonings in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 29% of global consumption. These countries were followed by Indonesia, Japan, the UK, Russia, Bangladesh, Brazil, Germany, Pakistan and Mexico, which together accounted for a further 25%.

What are the largest producers of mixed condiments, sauses and seasonings in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 30% of global production. These countries were followed by Indonesia, Japan, Russia, Bangladesh, Brazil, the UK, Germany, Pakistan, Mexico and Thailand, which together accounted for a further 27%.

What are the leading suppliers of mixed condiments, sauses and seasonings to Cuba?

In value terms, Spain constituted the largest supplier of mixed condiment, sause and seasoning to Cuba, comprising 66% of total imports. The second position in the ranking was occupied by the Dominican Republic, with a 20% share of total imports. It was followed by Mexico, with a 4.1% share.

What is the average export price for mixed condiments, sauses and seasonings in Cuba?

The average export price for mixed condiments, sauses and seasonings stood at $3,515 per ton in 2021, reducing by -5.7% against the previous year.

What is the average import price for mixed condiments, sauses and seasonings in Cuba?

In 2021, the average import price for mixed condiments, sauses and seasonings amounted to $2,874 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning 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 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)

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