Report Update Nov 1, 2024

Cuba - Potato Chips - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Potato Chips Market 2024

Potato Chips Market Size in Cuba

In 2021, the Cuban potato chips market increased by 6.4% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded a buoyant increase. Potato chips consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Potato Chips Production in Cuba

In value terms, potato chips production expanded markedly to $X in 2021 estimated in export price. In general, production recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 108% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Potato Chips Imports

Imports into Cuba

In 2021, overseas purchases of potato chips were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 160%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, potato chips imports soared to $X in 2021. Over the period under review, imports posted temperate growth. The growth pace was the most rapid in 2013 when imports increased by 154%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Panama (X tons) constituted the largest potato chips supplier to Cuba, with a 59% share of total imports. Moreover, potato chips imports from Panama exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Trinidad and Tobago (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Panama totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.4% per year) and Trinidad and Tobago (+105.5% per year).

In value terms, Panama ($X) constituted the largest supplier of potato chips to Cuba, comprising 54% of total imports. The second position in the ranking was taken by Spain ($X), with a 27% share of total imports. It was followed by Trinidad and Tobago, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Panama totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+14.4% per year) and Trinidad and Tobago (+113.4% per year).

Import Prices by Country

The average potato chips import price stood at $X per ton in 2021, picking up by 2.9% against the previous year. In general, the import price, however, saw a slight setback. The growth pace was the most rapid in 2018 an increase of 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Trinidad and Tobago ($X per ton), while the price for Portugal ($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 (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potato chips in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together comprising 34% of global consumption. These countries were followed by Japan, Russia, Brazil, Indonesia, Italy, Germany, Bangladesh, Pakistan, Mexico and South Korea, which together accounted for a further 26%.

What are the largest producers of potato chips in the world?

The countries with the highest volumes of in 2021 were the United States, China and India, together accounting for 34% of global production. Japan, Russia, Brazil, Indonesia, Italy, Bangladesh, Germany, the Netherlands, Mexico and Pakistan lagged somewhat behind, together comprising a further 26%.

What are the leading suppliers of potato chips to Cuba?

In value terms, Spain constituted the largest supplier of potato chips to Cuba, comprising 94% of total imports. The second position in the ranking was occupied by Portugal, with a 3.8% share of total imports.

What is the average import price for potato chips in Cuba?

The average potato chips import price stood at $5,492 per ton in 2021, surging by 4.9% against the previous year.

This report provides an in-depth analysis of the potato chips 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:

Prodcom 10311430 - Potatoes prepared or preserved in the form of flour, meal or flakes (excluding frozen, crisps, by vinegar or acetic acid)
Prodcom 10311460 - Potatoes prepared or preserved, including crisps (excluding frozen, dried, by vinegar or acetic acid, in the form of flour, m eal or flakes)

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