Report Update Nov 1, 2024

Cuba - Sweet Biscuits, Waffles and Wafers - 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: Market for Sweet Biscuits, Waffles and Wafers 2024

Market Size for Sweet Biscuits, Waffles and Wafers in Cuba

In 2021, the Cuban market for sweet biscuits, waffles and wafers increased by 102% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption showed a measured expansion. Sweet biscuit, waffle and wafer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Sweet Biscuits, Waffles and Wafers

Exports from Cuba

In 2012, exports of sweet biscuits, waffles and wafers from Cuba amounted to X kg, stabilizing at 2011 figures. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked in 2012 and are likely to see steady growth in the immediate term.

In value terms, sweet biscuit, waffle and wafer exports stood at $X in 2012. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2012 and are expected to retain growth in the near future.

Exports by Country

Venezuela (X kg) was the main destination for sweet biscuit, waffle and wafer exports from Cuba, accounting for a 76% share of total exports. Moreover, sweet biscuit, waffle and wafer exports to Venezuela exceeded the volume sent to the second major destination, Canada (X kg), threefold.

From 2012 to 2012, the average annual rate of growth in terms of volume to Venezuela was relatively modest.

From 2012 to 2012, the average annual rate of growth in terms of value to Venezuela was relatively modest.

Imports of Sweet Biscuits, Waffles and Wafers

Imports into Cuba

Sweet biscuit, waffle and wafer imports into Cuba soared to X tons in 2021, growing by 80% against 2020 figures. In general, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sweet biscuit, waffle and wafer imports soared to $X in 2021. Over the period under review, imports enjoyed tangible growth. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Guatemala (X tons) and Colombia (X tons) were the main suppliers of sweet biscuit, waffle and wafer imports to Cuba, together accounting for 50% of total imports. These countries were followed by Brazil, Mexico, Peru, Italy, Portugal, Chile, the Dominican Republic and India, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +38.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of sweet biscuits, waffles and wafers to Cuba, comprising 27% of total imports. The second position in the ranking was taken by Guatemala ($X), with a 9.8% share of total imports. It was followed by Colombia, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Spain stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Guatemala (-0.1% per year) and Colombia (+11.7% per year).

Import Prices by Country

In 2021, the average import price for sweet biscuits, waffles and wafers amounted to $X per ton, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2016 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sweet biscuits, waffles and wafers in the world?

The countries with the highest volumes of sweet biscuit, waffle and wafer consumption in 2020 were China, the U.S. and India, together comprising 45% of global consumption. Japan, Russia, Indonesia, Brazil, Mexico, Pakistan, Bangladesh, Canada and Iran lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of sweet biscuits, waffles and wafers in the world?

The countries with the highest volumes of sweet biscuit, waffle and wafer production in 2020 were China, the U.S. and India, together accounting for 43% of global production. These countries were followed by Japan, Indonesia, Russia, Mexico, Brazil, Turkey, Pakistan, Canada, Bangladesh and Iran, which together accounted for a further 32%.

What are the leading suppliers of sweet biscuits, waffles and wafers to Cuba?

In value terms, Spain, Brazil and Colombia were the largest sweet biscuit, waffle and wafer suppliers to Cuba, with a combined 66% share of total imports. These countries were followed by Chile, Italy, Guatemala and the Dominican Republic, which together accounted for a further 26%.

What is the average export price for sweet biscuits, waffles and wafers in Cuba?

In 2012, the average export price for sweet biscuits, waffles and wafers amounted to $2,200 per ton, remaining stable against the previous year.

What is the average import price for sweet biscuits, waffles and wafers in Cuba?

The average import price for sweet biscuits, waffles and wafers stood at $2,191 per ton in 2020, with an increase of 13% against the previous year.

This report provides an in-depth analysis of the market for sweet biscuit, waffle and wafer 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:

Prodcom 10721253 - Sweet biscuits, waffles and wafers completely or partially coated or covered with chocolate or other preparations containing cocoa

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023