Cuba: Market for Uncooked Pasta (Not Containing Eggs) 2024

Market Size for Uncooked Pasta (Not Containing Eggs) in Cuba

After three years of decline, the Cuban market for uncooked pasta (not containing eggs) increased by 11% to $X in 2021. Over the period under review, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Uncooked Pasta (Not Containing Eggs) in Cuba

In value terms, uncooked pasta (not containing eggs) production expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Uncooked Pasta (Not Containing Eggs)

Exports from Cuba

In 2013, approx. X tons of uncooked pasta (not containing eggs) were exported from Cuba; growing by 49% on the year before. In general, total exports indicated a significant expansion from 2012 to 2013: its volume increased at an average annual rate of +49.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, uncooked pasta (not containing eggs) exports soared to $X in 2013. Overall, total exports indicated a significant increase from 2012 to 2013: its value increased at an average annual rate of +49.6% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for uncooked pasta (not containing eggs) exports from Cuba, accounting for a 97% share of total exports. It was followed by Saint Vincent and the Grenadines (X tons), with a 2.7% share of total exports.

From 2012 to 2013, the average annual growth rate of volume to Trinidad and Tobago totaled +58.0%.

In value terms, Trinidad and Tobago ($X) remains the key foreign market for uncooked pasta (not containing eggs) exports from Cuba, comprising 93% of total exports. The second position in the ranking was held by Saint Vincent and the Grenadines ($X), with a 6.7% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of value to Trinidad and Tobago totaled +52.4%.

Export Prices by Country

The average export price for uncooked pasta (not containing eggs) stood at $X per ton in 2013, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saint Vincent and the Grenadines ($X per ton), while the average price for exports to Trinidad and Tobago amounted to $X per ton.

From 2012 to 2013, the most notable rate of growth in terms of prices was recorded for supplies to Saint Vincent and the Grenadines (+143.3%).

Imports of Uncooked Pasta (Not Containing Eggs)

Imports into Cuba

In 2021, approx. X tons of uncooked pasta (not containing eggs) were imported into Cuba; growing by 33% on 2020. In general, imports saw a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 61% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, uncooked pasta (not containing eggs) imports soared to $X in 2021. Over the period under review, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Italy (X tons) and Peru (X tons) were the main suppliers of uncooked pasta (not containing eggs) imports to Cuba, with a combined 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +80.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Guatemala ($X) appeared to be the largest uncooked pasta (not containing eggs) suppliers to Cuba, with a combined 45% share of total imports.

Among the main suppliers, Spain, with a CAGR of +73.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for uncooked pasta (not containing eggs) amounted to $X per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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