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Cuba - Frozen Freshwater Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Frozen Freshwater Fish Market 2024
Frozen Freshwater Fish Market Size in Cuba
The Cuban frozen freshwater fish market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Frozen Freshwater Fish Production in Cuba
In value terms, frozen freshwater fish production rose slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.
Frozen Freshwater Fish Exports
Exports from Cuba
After two years of growth, shipments abroad of frozen freshwater fish decreased by -11.9% to X tons in 2021. In general, exports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 120%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
In value terms, frozen freshwater fish exports declined to $X in 2021. Overall, exports saw a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of 45%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The Dominican Republic (X tons) was the main destination for frozen freshwater fish exports from Cuba, with a approx. 100% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic amounted to +16.6%.
In value terms, the Dominican Republic ($X) also remains the key foreign market for frozen freshwater fish exports from Cuba.
From 2012 to 2021, the average annual growth rate of value to the Dominican Republic was relatively modest.
Export Prices by Country
The average frozen freshwater fish export price stood at $X per ton in 2021, increasing by 4.4% against the previous year. Overall, the export price, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 30%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2021, the rate of growth in terms of prices for the Dominican Republic amounted to -13.8% per year.
Frozen Freshwater Fish Imports
Imports into Cuba
For the fourth year in a row, Cuba recorded decline in overseas purchases of frozen freshwater fish, which decreased by -50.3% to X tons in 2021. Over the period under review, imports saw a precipitous setback. The most prominent rate of growth was recorded in 2017 when imports increased by 184% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.
In value terms, frozen freshwater fish imports declined remarkably to $X in 2021. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 253%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.
Imports by Country
Spain (X tons), China (X tons) and Turkey (X kg) were the main suppliers of frozen freshwater fish imports to Cuba, with a combined 64% share of total imports.
From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.
In value terms, Spain ($X) constituted the largest supplier of frozen freshwater fish to Cuba, comprising 40% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.3% per year) and Turkey (0.0% per year).
Import Prices by Country
In 2021, the average frozen freshwater fish import price amounted to $X per ton, increasing by 20% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 56% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in years to come.
Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for China ($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 (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the frozen freshwater fish 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 10201360 - Frozen whole fresh water fish
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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