Cuba: Spice Market 2025

Spice Market Size in Cuba

In 2021, the Cuban spice market increased by 70% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Spice Exports

Exports from Cuba

In 2021, after two years of growth, there was significant decline in shipments abroad of spices, when their volume decreased by -9.1% to X tons. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 252%. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, spice exports fell to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 232%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Canada (X tons) was the main destination for spice exports from Cuba, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +54.9%.

In value terms, Canada ($X) also remains the key foreign market for spices exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +43.2%.

Export Prices by Country

The average spice export price stood at $X per ton in 2021, reducing by -1.7% against the previous year. In general, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2018 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -7.5% per year.

Spice Imports

Imports into Cuba

In 2021, after five years of decline, there was significant growth in purchases abroad of spices, when their volume increased by 78% to X tons. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, spice imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest spice supplier to Cuba, accounting for a 48% share of total imports. Moreover, spice imports from Spain exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to -3.9%.

In value terms, Spain ($X) constituted the largest supplier of spices to Cuba, comprising 48% of total imports. The second position in the ranking was taken by India ($X), with a 0.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled -3.7%.

Import Prices by Country

In 2021, the average spice import price amounted to $X per ton, with a decrease of -2.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 9.7%. Over the period under review, average import prices reached the peak figure 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 Spain ($X per ton), while the price for India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.2%).

Source: IndexBox Platform

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