Report Update Nov 1, 2024

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

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Cuba: Wine Market 2024

Wine Market Size in Cuba

The Cuban wine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Wine Production in Cuba

In value terms, wine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a abrupt descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 45% against the previous year. Wine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Wine Exports

Exports from Cuba

In 2021, approx. X litres of wine were exported from Cuba; waning by -96.3% on the previous year's figure. Overall, exports recorded a precipitous decline. The pace of growth appeared the most rapid in 2019 when exports increased by 585%. As a result, the exports attained the peak of X litres. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wine exports reduced remarkably to $X in 2021. In general, exports showed a precipitous setback. The growth pace was the most rapid in 2019 when exports increased by 517% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Maldives (X litres), Qatar (X litres) and Rwanda (X litres) were the main destinations of wine exports from Cuba, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +44.4%), while the other leaders experienced a decline.

In value terms, the largest markets for wine exported from Cuba were Qatar ($X), Maldives ($X) and Rwanda ($X), with a combined 95% share of total exports.

Among the main countries of destination, Maldives, with a CAGR of +36.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average wine export price amounted to $X per litre, with an increase of 33% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 53%. The export price peaked at $X per litre in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per litre), while the average price for exports to Maldives ($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 Rwanda (+27.3%), while the prices for the other major destinations experienced mixed trend patterns.

Wine Imports

Imports into Cuba

In 2021, after four years of decline, there was significant growth in supplies from abroad of wine, when their volume increased by 62% to X litres. Overall, imports, however, recorded a noticeable shrinkage. Imports peaked at X litres in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, wine imports soared to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X litres) constituted the largest supplier of wine to Cuba, accounting for a 45% share of total imports. Moreover, wine imports from Spain exceeded the figures recorded by the second-largest supplier, Chile (X litres), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-7.3% per year) and France (-19.7% per year).

In value terms, Spain ($X) constituted the largest supplier of wine to Cuba, comprising 41% of total imports. The second position in the ranking was taken by Chile ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-8.2% per year) and France (-8.0% per year).

Import Prices by Country

In 2021, the average wine import price amounted to $X per litre, surging by 5.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The pace of growth was the most pronounced in 2017 an increase of 18%. The import price peaked in 2021 and is expected to retain growth in years to come.

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 ($X per litre), while the price for Spain ($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 (+14.6%), 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 wine in the world?

The countries with the highest volumes of in 2021 were the United States, France and Italy, with a combined 39% share of global consumption.

What are the largest producers of wine in the world?

The countries with the highest volumes of in 2021 were Italy, France and the United States, together accounting for 46% of global production.

What are the leading suppliers of wine to Cuba?

In value terms, Spain constituted the largest supplier of wine to Cuba, comprising 76% of total imports. The second position in the ranking was occupied by Chile, with a 14% share of total imports.

What are the leading importers of wine from Cuba?

In value terms, Maldives remains the key foreign market for wine exports from Cuba.

What is the average export price for wine in Cuba?

The average wine export price stood at $1.5 per litre in 2021, increasing by 15% against the previous year.

What is the average import price for wine in Cuba?

The average wine import price stood at $2.1 per litre in 2021, dropping by -5.5% against the previous year.

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

FCL 564 - 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