Cuba: Pulses Market 2024

Pulses Market Size in Cuba

The Cuban pulses market declined remarkably to $X in 2021, waning by -24.8% against the previous year. In general, consumption continues to indicate a noticeable reduction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Pulses Production in Cuba

In value terms, pulses production surged to $X in 2021 estimated in export price. Overall, production saw a noticeable slump. Pulses production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

In 2021, the average pulses yield in Cuba shrank slightly to X kg per ha, with a decrease of -4.8% against the previous year's figure. In general, the yield showed a pronounced slump. The growth pace was the most rapid in 2015 when the yield increased by 14%. Over the period under review, the average pulses yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2021, the 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, the harvested area of pulses in Cuba shrank to X ha, dropping by -7.6% against 2020 figures. Over the period under review, the harvested area showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the harvested area increased by 25%. As a result, the harvested area reached the peak level of X ha. From 2019 to 2021, the growth of the pulses harvested area failed to regain momentum.

Pulses Exports

Exports from Cuba

After two years of decline, shipments abroad of pulses decreased by 0% to X tons in 2020. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 25,245%. The exports peaked in 2020 and are likely to see gradual growth in the immediate term.

In value terms, pulses exports stood at $X in 2020. Over the period under review, exports continue to indicate a resilient increase. The growth pace was the most rapid in 2014 when exports increased by 17,429%. The exports peaked in 2020 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for pulses exports from Cuba, with a approx. 50% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Spain was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

The average pulses export price stood at $X per ton in 2020, approximately equating the previous year. Over the period under review, the export price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2013 an increase of 20%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2020, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Pakistan amounted to 0.0% per year.

Pulses Imports

Imports into Cuba

In 2021, after two years of growth, there was significant decline in supplies from abroad of pulses, when their volume decreased by -20.2% to X tons. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 55% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced remarkably in the following year.

In value terms, pulses imports contracted rapidly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Canada (X tons) constituted the largest pulses supplier to Cuba, with a 34% share of total imports. Moreover, pulses imports from Canada exceeded the figures recorded by the second-largest supplier, Argentina (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+15.7% per year) and Mexico (+111.2% per year).

In value terms, Canada ($X), Argentina ($X) and Mexico ($X) constituted the largest pulses suppliers to Cuba, together accounting for 43% of total imports.

Among the main suppliers, Mexico, with a CAGR of +106.0%, saw 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 pulses import price amounted to $X per ton, declining by -11.8% against the previous year. In general, the import price recorded a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat 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 Nicaragua ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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