Cuba: Oil Crops Market 2025

Oil Crops Market Size in Cuba

The Cuban oil crops market shrank dramatically to $X in 2021, waning by -23% against the previous year. Overall, consumption showed a abrupt slump. Oil crops consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Oil Crops Production in Cuba

In value terms, oil crops production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

In 2021, the average oil crops yield in Cuba contracted modestly to X tons per ha, waning by -4.5% on the previous year. Over the period under review, the yield saw a perceptible decline. The pace of growth appeared the most rapid in 2014 with an increase of 8.9%. The oil crops yield peaked at X tons per ha in 2012; however, from 2013 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area in Cuba reduced to X ha in 2021, which is down by -6.9% on the previous year's figure. Over the period under review, the harvested area recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 11% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2014 to 2021, the growth of the oil crops harvested area remained at a lower figure.

Oil Crops Exports

Exports from Cuba

Oil crops exports from Cuba surged to X tons in 2020, rising by 2,860% compared with the previous year. Overall, exports, however, saw a drastic downturn. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

In value terms, oil crops exports skyrocketed to $X in 2020. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for oil crops exports from Cuba, accounting for a 48% share of total exports. Moreover, oil crops exports to Germany exceeded the volume sent to the second major destination, Burkina Faso (X tons), more than tenfold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Germany amounted to +96.0%.

In value terms, Germany ($X) emerged as the key foreign market for oil crops (primary) exports from Cuba, comprising 47% of total exports. The second position in the ranking was taken by Burkina Faso ($X), with a 2.6% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Germany amounted to +27.1%.

Export Prices by Country

In 2020, the average oil crops export price amounted to $X per ton, falling by -34.9% against the previous year. In general, the export price faced a deep contraction. The growth pace was the most rapid in 2014 when the average export price increased by 113% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2020, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Burkina Faso (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Cuba

In 2021, oil crops imports into Cuba contracted remarkably to X tons, waning by -50.4% on 2020 figures. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 136%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, oil crops imports fell remarkably to $X in 2021. In general, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2016 when imports increased by 133%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of oil crops to Cuba, accounting for a 50% share of total imports. It was followed by Canada (X tons), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -16.5%.

In value terms, the United States ($X) constituted the largest supplier of oil crops (primary) to Cuba, comprising 50% of total imports. The second position in the ranking was held by Canada ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled -16.2%.

Import Prices by Country

In 2021, the average oil crops import price amounted to $X per ton, rising by 40% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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