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Cuba - Soft Drinks - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Soft Drink Market 2024
Soft Drink Market Size in Cuba
After two years of decline, the Cuban soft drink market increased by 19% to $X in 2021. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.
Soft Drink Production in Cuba
In value terms, soft drink production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.
Soft Drink Exports
Exports from Cuba
In 2021, shipments abroad of soft drinks increased by 95% to X litres, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a drastic downturn. The growth pace was the most rapid in 2016 when exports increased by 117% against the previous year. The exports peaked at X litres in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.
In value terms, soft drink exports surged to $X in 2021. Over the period under review, exports, however, faced a drastic downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.
Exports by Country
Germany (X litres) was the main destination for soft drink exports from Cuba, with a 46% share of total exports. Moreover, soft drink exports to Germany exceeded the volume sent to the second major destination, Canada (X litres), twofold. Switzerland (X litres) ranked third in terms of total exports with a 19% share.
From 2012 to 2021, the average annual growth rate of volume to Germany stood at +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+98.4% per year) and Switzerland (+7.8% per year).
In value terms, Germany ($X) emerged as the key foreign market for soft drink exports from Cuba, comprising 46% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 21% share of total exports. It was followed by Switzerland, with a 19% share.
From 2012 to 2021, the average annual growth rate of value to Germany totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+72.5% per year) and Switzerland (+8.1% per year).
Export Prices by Country
In 2021, the average soft drink export price amounted to $X per litre, dropping by -3.2% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices reached the maximum at $X per litre in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was France ($X per litre), while the average price for exports to Canada ($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 Uruguay (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.
Soft Drink Imports
Imports into Cuba
Soft drink imports into Cuba surged to X litres in 2021, with an increase of 57% compared with 2020. In general, imports recorded a prominent increase. The growth pace was the most rapid in 2016 with an increase of 66%. Over the period under review, imports hit record highs at X litres in 2018; however, from 2019 to 2021, imports remained at a lower figure.
In value terms, soft drink imports surged to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.
Imports by Country
The Netherlands (X litres), Spain (X litres) and Mexico (X litres) were the main suppliers of soft drink imports to Cuba, together comprising 82% of total imports.
From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +62.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the Netherlands ($X) constituted the largest supplier of soft drink to Cuba, comprising 46% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports. It was followed by Mexico, with a 16% share.
From 2012 to 2021, the average annual growth rate of value from the Netherlands stood at +56.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+58.6% per year) and Mexico (+5.5% per year).
Import Prices by Country
The average soft drink import price stood at $X per litre in 2021, increasing by 8.5% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2013 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per litre. From 2014 to 2021, the average import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Austria ($X per litre), while the price for Turkey ($X per litre) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+11.0%), 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 soft drink 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 11071930 - Waters, with added sugar, other sweetening matter or flavoured, i.e. soft drinks (including mineral and aerated)
- Prodcom 11071950 - z Non-alcoholic beverages not containing milk fat (excluding sweetened or unsweetened mineral, aerated or flavoured waters)
- Prodcom 11071970 - Non-alcoholic beverages containing milk fat
- Prodcom 110000Z1 - Non-alcoholic beverages, not containing milk, milk products and fats derived therefrom (excl. water, fruit or vegetable juices)
- Prodcom 11051010 - Non-alcoholic beer and beer containing . 0.5% alcohol
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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