Cuba - Roasted Coffee - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Roasted Coffee Market 2024
Roasted Coffee Market Size in Cuba
After two years of growth, the Cuban roasted coffee market decreased by -2.2% to $X in 2021. Overall, consumption enjoyed a resilient increase. Roasted coffee consumption peaked at $X in 2020, and then fell slightly in the following year.
Roasted Coffee Production in Cuba
In value terms, roasted coffee production fell slightly to $X in 2021 estimated in export price. In general, production saw a prominent increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 82%. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.
Roasted Coffee Exports
Exports from Cuba
In 2021, exports of roasted coffee from Cuba declined notably to X tons, shrinking by -23.9% on the previous year's figure. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 38%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
In value terms, roasted coffee exports contracted to $X in 2021. Overall, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
Exports by Country
Canada (X tons) was the main destination for roasted coffee exports from Cuba, accounting for a 49% share of total exports. Moreover, roasted coffee exports to Canada exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 13% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.2% per year) and Saudi Arabia (+707.7% per year).
In value terms, Canada ($X) remains the key foreign market for roasted coffee exports from Cuba, comprising 41% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total exports. It was followed by Germany, with a 15% share.
From 2012 to 2021, the average annual growth rate of value to Canada amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+580.3% per year) and Germany (+1.4% per year).
Export Prices by Country
In 2021, the average roasted coffee export price amounted to $X per ton, rising by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Roasted Coffee Imports
Imports into Cuba
In 2021, purchases abroad of roasted coffee was finally on the rise to reach X tons after three years of decline. Over the period under review, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2014 with an increase of 1,577%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, roasted coffee imports skyrocketed to $X in 2021. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 398%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Spain (X tons) was the main roasted coffee supplier to Cuba, with a 313% share of total imports. Moreover, roasted coffee imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 25% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+115.2% per year) and the United States (+186.9% per year).
In value terms, Spain ($X) constituted the largest supplier of roasted coffee to Cuba, comprising 216% of total imports. The second position in the ranking was taken by Italy ($X), with an 86% share of total imports. It was followed by Canada, with a 17% share.
From 2012 to 2021, the average annual growth rate of value from Spain amounted to +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+86.7% per year) and Canada (-10.9% per year).
Import Prices by Country
In 2021, the average roasted coffee import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 93% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.2%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the roasted coffee 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 10831150 - Roasted coffee, not decaffeinated
- Prodcom 10831170 - Roasted decaffeinated coffee
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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