Cuba: Market for Non-Mineral or Non-Aerated Waters 2024

Market Size for Non-Mineral or Non-Aerated Waters in Cuba

After four years of growth, the Cuban non-mineral or non-aerated water market decreased by -3.2% to $X in 2021. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Production of Non-Mineral or Non-Aerated Waters in Cuba

In value terms, non-mineral or non-aerated water production reduced to $X in 2021 estimated in export price. Overall, production recorded prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 44%. Non-mineral or non-aerated water production peaked at $X in 2020, and then shrank in the following year.

Exports of Non-Mineral or Non-Aerated Waters

Exports from Cuba

After four years of decline, shipments abroad of non-mineral or non-aerated waters increased by 43% to X litres in 2021. Overall, exports saw a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by 191%. The exports peaked at X litres in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-mineral or non-aerated water exports skyrocketed to $X in 2021. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 51%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

France (X litres) was the main destination for non-mineral or non-aerated water exports from Cuba, with a 92% share of total exports. Moreover, non-mineral or non-aerated water exports to France exceeded the volume sent to the second major destination, Germany (X litres), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +84.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+31.5% per year) and Canada (+35.6% per year).

In value terms, France ($X) remains the key foreign market for non-mineral or non-aerated waters exports from Cuba, comprising 71% of total exports. The second position in the ranking was taken by Germany ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +67.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+67.4% per year) and Canada (+36.1% per year).

Export Prices by Country

The average non-mineral or non-aerated water export price stood at $X per litre in 2021, dropping by -6.9% against the previous year. Overall, the export price, however, enjoyed a tangible expansion. The pace of growth was the most pronounced in 2013 an increase of 84%. As a result, the export price reached the peak level of $X per litre. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Canada ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+26.7%), while the prices for the other major destinations experienced a decline.

Imports of Non-Mineral or Non-Aerated Waters

Imports into Cuba

In 2021, supplies from abroad of non-mineral or non-aerated waters increased by 78% to X litres, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 1,131%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, non-mineral or non-aerated water imports skyrocketed to $X in 2021. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 1,161% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

Turkey (X litres), Mexico (X litres) and Spain (X litres) were the main suppliers of non-mineral or non-aerated water imports to Cuba, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +64.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Spain ($X) and Turkey ($X) were the largest non-mineral or non-aerated water suppliers to Cuba, with a combined 70% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +76.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-mineral or non-aerated water import price stood at $X per litre in 2021, picking up by 18% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by 85%. Over the period under review, average import prices reached the maximum at $X per litre in 2014; however, from 2015 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 France ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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