Report Update Nov 1, 2024

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

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Cuba: Plantain Market 2024

Plantain Market Size in Cuba

The Cuban plantain market stood at $X in 2021, with an increase of 2.6% against the previous year. Overall, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.5% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Plantain Production in Cuba

In value terms, plantain production stood at $X in 2021 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 20%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

In 2021, the average yield of plantains in Cuba expanded significantly to X tons per ha, growing by 5.1% compared with the year before. Over the period under review, the yield, however, showed a slight downturn. The pace of growth appeared the most rapid in 2014 with an increase of 22%. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2021, the growth of the average plantain yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of plantains were harvested in Cuba; picking up by 4.8% against the year before. Overall, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the harvested area increased by 14% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2020 to 2021, the growth of the plantain harvested area remained at a lower figure.

Plantain Exports

Exports from Cuba

In 2021, approx. X kg of plantains were exported from Cuba; with a decrease of -30.6% on the year before. In general, exports recorded a sharp reduction. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, plantain exports contracted to $X in 2021. Overall, exports showed a dramatic setback. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X kg) was the main destination for plantain exports from Cuba, accounting for a approx. 100% share of total exports.

From 2016 to 2021, the average annual growth rate of volume to Canada amounted to -30.6%.

In value terms, Canada ($X) also remains the key foreign market for plantain exports from Cuba.

From 2016 to 2021, the average annual growth rate of value to Canada totaled -12.8%.

Export Prices by Country

The average plantain export price stood at $X per ton in 2021, rising by 26% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2016 to 2021, the rate of growth in terms of prices for Canada amounted to +25.7% per year.

Plantain Imports

Imports into Cuba

In 2021, purchases abroad of plantains decreased by 0% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports continue to indicate a dramatic downturn. The smallest decline of 99.9% was in 2019. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, plantain imports stood at $X in 2021. Overall, imports saw a significant curtailment. The smallest decline of 99.9% was in 2019. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Angola (X tons) was the main plantain supplier to Cuba, accounting for a approx. 100% share of total imports.

From 2018 to 2021, the average annual rate of growth in terms of volume from Angola was relatively modest.

In value terms, Angola ($X) constituted the largest supplier of plantain to Cuba.

From 2018 to 2021, the average annual growth rate of value from Angola was relatively modest.

Import Prices by Country

In 2021, the average plantain import price amounted to $X per ton, remaining stable against the previous year. In general, the import price faced a precipitous decrease. The most prominent rate of growth was recorded in 2019 when the average import price decreased by 99.9%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2018 to 2021, the rate of growth in terms of prices for Angola amounted to 0.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for plantains in the world?

The countries with the highest volumes of plantain consumption in 2021 were Uganda, Democratic Republic of the Congo and Ghana, with a combined 39% share of global consumption.

What are the largest producers of plantains in the world?

The countries with the highest volumes of plantain production in 2021 were Uganda, Democratic Republic of the Congo and Ghana, together comprising 39% of global production.

What are the leading suppliers of plantains to Cuba?

In value terms, Colombia constituted the largest supplier of plantain to Cuba.

What is the average export price for plantains in Cuba?

In 2016, the average plantain export price amounted to $594 per ton, leveling off at the previous year.

What is the average import price for plantains in Cuba?

In 2018, the average plantain import price amounted to $831 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the plantain 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 489 - Plantains

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, HARVESTED AREA 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. Area Harvested, 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