Cuba: Vegetable Market 2024

Vegetable Market Size in Cuba

The Cuban vegetable market totaled $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Vegetable consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Vegetable Production in Cuba

In value terms, vegetable production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 46% against the previous year. Vegetable production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

In 2022, the average vegetable yield in Cuba amounted to X tons per ha, rising by 3.3% against the year before. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 20%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the average vegetable yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetables were harvested in Cuba; falling by -2.3% against the previous year's figure. Overall, the harvested area recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 9.5% against the previous year. The vegetable harvested area peaked at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Exports

Exports from Cuba

In 2022, after three years of growth, there was significant decline in shipments abroad of vegetables, when their volume decreased by -13.6% to X tons. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, vegetable exports declined significantly to $X in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 91% against the previous year. The exports peaked at $X in 2021, and then declined markedly in the following year.

Exports by Country

Canada (X tons), Jamaica (X tons) and France (X tons) were the main destinations of vegetable exports from Cuba, together comprising 32% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +46.7%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), France ($X) and the Netherlands ($X) were the largest markets for vegetable exported from Cuba worldwide, together comprising 27% of total exports.

Among the main countries of destination, France, with a CAGR of +48.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, waning by -3.3% against the previous year. In general, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 87%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Cuba

Vegetable imports into Cuba fell notably to X tons in 2022, declining by -31.4% on the year before. Overall, imports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2021 with an increase of 169%. As a result, imports attained the peak of X tons, and then fell rapidly in the following year.

In value terms, vegetable imports dropped markedly to $X in 2022. In general, imports, however, recorded mild growth. The pace of growth was the most pronounced in 2021 when imports increased by 180%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest vegetable supplier to Cuba, with a 22% share of total imports. Moreover, vegetable imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -5.0%.

In value terms, the Netherlands ($X) constituted the largest supplier of vegetables to Cuba, comprising 23% of total imports. The second position in the ranking was held by Canada ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled -4.8%.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.3%).

Source: IndexBox Platform

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