Cuba: Market for Powdered, Condensed Or Evaporated Milk 2025

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

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