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Cuba - Jams, Marmalades, Fruit Jellies, Fruit or Nut Purees and Pastes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024
Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Cuba
In 2021, the Cuban fruit or nut preserves market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.
Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Cuba
In value terms, fruit or nut preserves production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 82%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.
Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes
Exports from Cuba
In 2021, overseas shipments of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -58.8% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 2,140%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, fruit or nut preserves exports declined significantly to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 825%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Guatemala (X tons) was the main destination for fruit or nut preserves exports from Cuba, accounting for a 96% share of total exports. It was followed by Kuwait (X tons), with a 2.6% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+21.1% per year) and Spain (-36.7% per year).
In value terms, Guatemala ($X) emerged as the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Cuba, comprising 94% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 2.8% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+0.2% per year) and Spain (-37.2% per year).
Export Prices by Country
The average fruit or nut preserves export price stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes
Imports into Cuba
Fruit or nut preserves imports into Cuba surged to X tons in 2021, jumping by 300% on the previous year's figure. Overall, imports, however, continue to indicate a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt setback. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
In 2021, Chile (X tons) constituted the largest fruit or nut preserves supplier to Cuba, with a 50% share of total imports. Moreover, fruit or nut preserves imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.
From 2012 to 2021, the average annual growth rate of volume from Chile totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.1% per year) and Mexico (+1.8% per year).
In value terms, Spain ($X), Chile ($X) and Mexico ($X) were the largest fruit or nut preserves suppliers to Cuba, together accounting for 63% of total imports.
Mexico, with a CAGR of +3.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.
Import Prices by Country
The average fruit or nut preserves import price stood at $X per ton in 2021, which is down by -39.2% against the previous year. In general, the import price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 184% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for fruit or nut preserves 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 10392290 - Jams, marmalades, fruit jellies, fruit or nut purees and pastes, b eing cooked preparations (excluding of citrus fruit, h omogenised preparations)
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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