Report Update Nov 1, 2024

Cuba - Protein Concentrates and Flavoured or Coloured Sugar Syrups - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Cuba

The Cuban market for protein concentrates and flavoured or coloured sugar syrups declined to $X in 2021, waning by -10.5% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.1% 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 -19.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Cuba

In value terms, production of protein concentrates and flavoured or coloured sugar syrups fell to $X in 2021 estimated in export price. Overall, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.6% 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 -18.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 68% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Cuba

In 2021, the amount of protein concentrates and flavoured or coloured sugar syrups exported from Cuba stood at X tons, leveling off at the previous year's figure. Over the period under review, exports showed a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 0.5%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups stood at $X in 2021. Overall, exports faced a abrupt setback. The smallest decline of -12.1% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Cuba, with a approx. 50% share of total exports.

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

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

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, approximately equating the previous year. Overall, the export price saw a prominent expansion. The growth pace was the most rapid in 2013 when the average export price decreased by -12.6%. The export price peaked in 2021 and is expected to retain growth in years to come.

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 Mexico amounted to -65.6% per year.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Cuba

Imports of protein concentrates and flavoured or coloured sugar syrups into Cuba soared to X tons in 2021, picking up by 15% compared with 2020. Overall, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 930%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 473% against the previous year. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) was the main supplier of protein concentrate and flavoured or coloured sugar syrup to Cuba, with a 95% share of total imports. It was followed by Spain (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled -11.0%.

In value terms, Argentina ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Cuba, comprising 84% of total imports. The second position in the ranking was taken by Spain ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at -1.3%.

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, increasing by 96% against the previous year. In general, the import price enjoyed a buoyant expansion. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Argentina totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+10.9%), 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 protein concentrates and flavoured or coloured sugar syrups in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 31% of global consumption. Japan, Pakistan, Russia, Indonesia, Brazil, Bangladesh, the UK, Chile, Nigeria and Mexico lagged somewhat behind, together comprising a further 25%.

What are the largest producers of protein concentrates and flavoured or coloured sugar syrups in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 34% share of global production. These countries were followed by Japan, Pakistan, Brazil, Russia, Bangladesh, Indonesia, Nigeria, the UK, Ethiopia and Mexico, which together accounted for a further 25%.

What are the leading suppliers of protein concentrates and flavoured or coloured sugar syrups to Cuba?

In value terms, Spain constituted the largest supplier of protein concentrate and flavoured or coloured sugar syrup to Cuba, comprising 78% of total imports. The second position in the ranking was occupied by Canada, with a 17% share of total imports. It was followed by the Netherlands, with a 3.7% share.

What is the average import price for protein concentrates and flavoured or coloured sugar syrups in Cuba?

In 2021, the average import price for protein concentrates and flavoured or coloured sugar syrups amounted to $3,154 per ton, with an increase of 9.9% against the previous year.

This report provides an in-depth analysis of the market for protein concentrate and flavoured or coloured sugar syrup 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 10891935 - Protein concentrates and flavoured or coloured sugar syrups

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
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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