Report Update Nov 1, 2024

Cuba - Rapeseed Oil - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Cuba

The Cuban rapeseed oil market surged to $X in 2021, rising by 95% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded significant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Rapeseed Oil Exports

Exports from Cuba

In 2021, shipments abroad of rapeseed oil decreased by 0% to X kg, falling for the second consecutive year after two years of decline. In general, exports showed a sharp decline. The smallest decline of -20% was in 2015. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, rapeseed oil exports declined dramatically to $X in 2021. Overall, exports faced a significant curtailment. The smallest decline of -14.3% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -32.2%.

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

From 2012 to 2021, the average annual growth rate of value to Canada stood at -28.5%.

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2021, reducing by -33.3% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rapeseed oil export price increased by +33.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 100%. As a result, the export price reached the peak level of $X per ton, and then reduced sharply in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to +5.4% per year.

Rapeseed Oil Imports

Imports into Cuba

In 2021, approx. X tons of rapeseed oil were imported into Cuba; growing by 58% compared with the previous year. Over the period under review, imports saw a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 7,587%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, rapeseed oil imports skyrocketed to $X in 2021. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 15,755% against the previous year. 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, Canada (X tons) was the main supplier of rapeseed oil to Cuba, accounting for a 98% share of total imports. It was followed by Germany (X tons), with a 2.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +53.4%.

In value terms, Canada ($X) constituted the largest supplier of rapeseed oil to Cuba, comprising 97% of total imports. The second position in the ranking was taken by Germany ($X), with a 3.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +54.9%.

Import Prices by Country

The average rapeseed oil import price stood at $X per ton in 2021, with an increase of 98% against the previous year. Over the period under review, the import price posted a slight increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 106%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil consumption in 2021 were China, the United States and India, together accounting for 41% of global consumption. These countries were followed by Germany, Poland, France, Canada, Japan, Belgium, the UK, Mexico, the Netherlands and Norway, which together accounted for a further 42%.

What are the largest producers of rapeseed oil in the world?

The countries with the highest volumes of rapeseed oil production in 2021 were Canada, Germany and China, with a combined 43% share of global production. These countries were followed by India, France, Poland, Japan, the United States, the UK, Belgium, Russia, Mexico and the Czech Republic, which together accounted for a further 42%.

What are the leading suppliers of rapeseed oil to Cuba?

In value terms, Canada constituted the largest supplier of rapeseed oil to Cuba.

What are the leading importers of rapeseed oil from Cuba?

In value terms, Canada $3) remains the key foreign market for rapeseed oil exports from Cuba.

What is the average export price for rapeseed oil in Cuba?

The average rapeseed oil export price stood at $1,500 per ton in 2021, dropping by -50% against the previous year.

What is the average import price for rapeseed oil in Cuba?

The average rapeseed oil import price stood at $426 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the rapeseed oil 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 271 - Oil of Rapeseed or Canola oil

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