Report Update Nov 1, 2024

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

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Cuba: Vinegar Market 2024

Vinegar Market Size in Cuba

The Cuban vinegar market rose rapidly to $X in 2021, increasing by 12% against the previous year. Overall, consumption enjoyed a strong increase. Vinegar consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Vinegar Production in Cuba

In value terms, vinegar production rose significantly to $X in 2021 estimated in export price. Overall, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Vinegar production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Vinegar Exports

Exports by Country

Honduras (X kg) was the main destination for vinegar exports from Cuba, accounting for a approx. 100% share of total exports.

From 2020 to 2020, the average annual growth rate of volume to Honduras was relatively modest.

From 2020 to 2020, the average annual growth rate of value to Honduras was relatively modest.

Vinegar Imports

Imports into Cuba

In 2021, purchases abroad of vinegar decreased by -0.5% to X tons, falling for the fourth consecutive year after three years of growth. In general, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2016 with an increase of 117%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, vinegar imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2016 when imports increased by 109% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of vinegar to Cuba, accounting for a 44% share of total imports. Moreover, vinegar imports from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. Uruguay (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+20.0% per year) and Uruguay (-21.2% per year).

In value terms, Spain ($X) constituted the largest supplier of vinegar to Cuba, comprising 40% of total imports. The second position in the ranking was held by Brazil ($X), with a 10% share of total imports. It was followed by Mexico, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+10.3% per year) and Mexico (+14.8% per year).

Import Prices by Country

The average vinegar import price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2014 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+33.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vinegar in the world?

The countries with the highest volumes of in 2021 were China, the United States and Pakistan, together comprising 33% of global consumption.

What are the largest producers of vinegar in the world?

The countries with the highest volumes of in 2021 were China, the United States and Pakistan, together accounting for 33% of global production.

What are the leading suppliers of vinegar to Cuba?

In value terms, Spain constituted the largest supplier of vinegar to Cuba, comprising 85% of total imports. The second position in the ranking was occupied by Mexico, with a 9.5% share of total imports.

What is the average import price for vinegar in Cuba?

In 2021, the average vinegar import price amounted to $1,034 per ton, surging by 2.8% against the previous year.

This report provides an in-depth analysis of the vinegar 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:

Prodcom 10841130 - Vinegar and substitutes for vinegar made from wine
Prodcom 10841190 - Vinegar and substitutes for vinegar (excluding made from wine)

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