Report Update May 1, 2025

Cuba - Spices - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

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

Frequently Asked Questions (FAQ) :

What are the largest markets for spices in the world?

India constituted the country with the largest volume of spice consumption, accounting for 36% of total volume. Moreover, spice consumption in India exceeded the figures recorded by the second-largest consumer, Nigeria, sevenfold. Indonesia ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of spices in the world?

The country with the largest volume of spice production was India, comprising approx. 43% of total volume. Moreover, spice production in India exceeded the figures recorded by the second-largest producer, China, fivefold. The third position in this ranking was occupied by Nigeria, with a 5% share.

What are the leading suppliers of spices to Cuba?

In value terms, Spain constituted the largest supplier of spice to Cuba, comprising 90% of total imports. The second position in the ranking was occupied by China, with a 3.6% share of total imports. It was followed by the United States, with a 3.3% share.

What are the leading importers of spices from Cuba?

In value terms, Canada remains the key foreign market for spice exports from Cuba.

What is the average export price for spices in Cuba?

In 2021, the average spice export price amounted to $3,250 per ton, almost unchanged from the previous year.

What is the average import price for spices in Cuba?

The average spice import price stood at $3,790 per ton in 2021, surging by 1.7% against the previous year.

This report provides an in-depth analysis of the spice market 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 687 - Pepper
FCL 689 - Pimento
FCL 692 - Vanilla
FCL 693 - Cinnamon (canella)
FCL 698 - Cloves
FCL 702 - Nutmeg, mace, cardamoms
FCL 711 - Anise, badian, fennel
FCL 720 - Ginger
FCL 723 - Spices nes

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, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024