Cuba: Market for Sheep And Goat Meat 2025

Market Size for Sheep And Goat Meat in Cuba

For the sixth consecutive year, the Cuban sheep and goat meat market recorded growth in sales value, which increased by 4.7% to $X in 2021. Overall, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.1% 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 increased by +71.9% against 2015 indices. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Production of Sheep And Goat Meat in Cuba

In value terms, sheep and goat meat production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +57.7% against 2015 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 19%. Sheep and goat meat production peaked at $X in 2020, and then contracted in the following year.

The average yield of sheep and goat meat in Cuba soared to X kg per head in 2021, increasing by 32% on 2020 figures. The yield figure increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2021, the number of animals slaughtered for sheep and goat meat production in Cuba reached X heads, increasing by 3.9% on 2020. Over the period under review, the number of producing animals continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 14%. The number of animals slaughtered for sheep and goat meat production peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Sheep And Goat Meat

Exports from Cuba

In 2021, approx. X kg of sheep and goat meat were exported from Cuba; standing approx. at 2020. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, sheep and goat meat exports amounted to $X in 2021. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Luxembourg (X kg) was the main destination for sheep and goat meat exports from Cuba, with a approx. 100% share of total exports.

From 2021 to 2021, the average annual rate of growth in terms of volume to Luxembourg was relatively modest.

From 2021 to 2021, the average annual rate of growth in terms of value to Luxembourg was relatively modest.

Imports of Sheep And Goat Meat

Imports into Cuba

In 2021, purchases abroad of sheep and goat meat was finally on the rise to reach X tons after two years of decline. In general, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2013 when imports increased by 315% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, sheep and goat meat imports skyrocketed to $X in 2021. Overall, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 276% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Chile (X tons), Spain (X tons) and Canada (X kg) were the main suppliers of sheep and goat meat imports to Cuba, with a combined 64% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +46.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest sheep and goat meat suppliers to Cuba were Spain ($X), Chile ($X) and Canada ($X), together accounting for 59% of total imports.

Chile, with a CAGR of +34.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sheep and goat meat import price stood at $X per ton in 2021, growing by 3.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 14%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Chile ($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 (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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