Report Update Nov 1, 2024

Cuba - Skimmed Milk - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Cuba

The Cuban market for powdered, condensed or evaporated milk reduced to $X in 2021, with a decrease of -14.9% against the previous year. Over the period under review, consumption recorded a noticeable reduction. Powdered, condensed or evaporated milk consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Powdered, Condensed Or Evaporated Milk in Cuba

In value terms, powdered, condensed or evaporated milk production contracted to $X in 2021 estimated in export price. Overall, production showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 37%. Powdered, condensed or evaporated milk production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Cuba

For the ninth consecutive year, Cuba recorded decline in shipments abroad of powdered, condensed or evaporated milk, which decreased by -18.5% to X kg in 2021. In general, exports continue to indicate a precipitous decline. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports dropped to $X in 2021. Overall, exports saw a sharp shrinkage. The smallest decline of -1.4% was in 2019. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Seychelles (X kg) was the main destination for powdered, condensed or evaporated milk exports from Cuba, accounting for a approx. 95% share of total exports.

From 2012 to 2016, the average annual growth rate of volume to Seychelles was relatively modest.

From 2012 to 2016, the average annual growth rate of value to Seychelles was relatively modest.

Export Prices by Country

In 2016, the average export price for powdered, condensed or evaporated milk amounted to $X per ton, with an increase of 22% against the previous year. Overall, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 73%. Over the period under review, the average export prices reached the maximum in 2016 and is likely to continue growth in years to come.

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

From 2012 to 2016, the rate of growth in terms of prices for Seychelles amounted to 0.0% per year.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Cuba

In 2021, the amount of powdered, condensed or evaporated milk imported into Cuba reduced to X tons, shrinking by -13.5% on the previous year. In general, imports showed a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 37% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk imports declined notably to $X in 2021. Overall, imports showed a perceptible decrease. The growth pace was the most rapid in 2017 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

New Zealand (X tons), Uruguay (X tons) and Belgium (X tons) were the main suppliers of powdered, condensed or evaporated milk imports to Cuba, together accounting for 70% of total imports. Mexico, France, Poland, the Netherlands, Argentina, Lithuania and Canada lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +53.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest powdered, condensed or evaporated milk suppliers to Cuba were New Zealand ($X), Uruguay ($X) and Belgium ($X), together comprising 75% of total imports. Mexico, Poland, France, the Netherlands, Argentina, Lithuania and Canada lagged somewhat behind, together accounting for a further 18%.

Mexico, with a CAGR of +58.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, waning by -2.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were New Zealand ($X per ton) and Argentina ($X per ton), while the price for Canada ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, condensed or evaporated milk in the world?

The countries with the highest volumes of in 2021 were the United States, China and Brazil, with a combined 21% share of global consumption. France, Germany, Peru, Mexico, the Netherlands, Malaysia, Russia, Algeria, Venezuela and Indonesia lagged somewhat behind, together accounting for a further 31%.

What are the largest producers of powdered, condensed or evaporated milk in the world?

The countries with the highest volumes of in 2021 were New Zealand, the United States and Germany, with a combined 38% share of global production. France, Brazil, the Netherlands, Peru, Mexico, Belarus, Malaysia, the UK, Belgium and India lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of powdered, condensed or evaporated milk to Cuba?

In value terms, New Zealand constituted the largest supplier of powdered, condensed or evaporated milk to Cuba, comprising 58% of total imports. The second position in the ranking was occupied by Belgium, with an 11% share of total imports. It was followed by Mexico, with an 8.1% share.

What is the average export price for powdered, condensed or evaporated milk in Cuba?

In 2016, the average export price for powdered, condensed or evaporated milk amounted to $4,987 per ton, growing by 18% against the previous year.

What is the average import price for powdered, condensed or evaporated milk in Cuba?

The average import price for powdered, condensed or evaporated milk stood at $3,045 per ton in 2021, waning by -6.8% against the previous year.

This report provides an in-depth analysis of the market for powdered, condensed or evaporated milk 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 889 - Whole Milk, Condensed
FCL 894 - Whole Milk, Evaporated
FCL 895 - Skim Milk, Evaporated
FCL 896 - Skim Milk, Condensed
FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023