Cuba: Root And Tuber Market 2024

Root And Tuber Market Size in Cuba

The Cuban root and tuber market soared to $X in 2021, jumping by 29% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.3% 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 -25.2% against 2019 indices. Root and tuber consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Root And Tuber Production in Cuba

In value terms, root and tuber production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 83% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

The average yield of roots and tubers in Cuba dropped modestly to X tons per ha in 2021, shrinking by -2.2% against the previous year's figure. Overall, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the yield increased by 11% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2015 to 2021, the growth of the average root and tuber yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of roots and tubers production in Cuba reached X ha, with an increase of 3.3% against the previous year's figure. Overall, the total harvested area indicated a noticeable expansion from 2012 to 2021: its figure increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, root and tuber harvested area decreased by -27.0% against 2018 indices. The growth pace was the most rapid in 2015 with an increase of 68% against the previous year. The root and tuber harvested area peaked at X ha in 2018; however, from 2019 to 2021, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Cuba

In 2021, the amount of roots and tubers exported from Cuba dropped modestly to X tons, falling by -1.6% against the year before. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 14% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports surged to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for root and tuber exports from Cuba, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jamaica totaled -5.3%.

In value terms, Jamaica ($X) also remains the key foreign market for roots and tubers exports from Cuba.

From 2012 to 2021, the average annual growth rate of value to Jamaica stood at -12.7%.

Export Prices by Country

In 2021, the average root and tuber export price amounted to $X per ton, increasing by 35% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Jamaica amounted to -7.8% per year.

Root And Tuber Imports

Imports into Cuba

In 2021, the amount of roots and tubers imported into Cuba skyrocketed to X tons, rising by 175% on 2020. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, root and tuber imports surged to $X in 2021. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest root and tuber supplier to Cuba, with a 23% share of total imports. Moreover, root and tuber imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled -1.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of roots and tubers to Cuba, comprising 23% of total imports. The second position in the ranking was taken by Canada ($X), with a 3.2% share of total imports.

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

Import Prices by Country

In 2021, the average root and tuber import price amounted to $X per ton, growing by 4.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.8% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%).

Source: IndexBox Platform

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