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Cuba - Yautia - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCuba: Yautia (Cocoyam) Market 2024
Yautia (Cocoyam) Market Size in Cuba
The Cuban yautia (cocoyam) market surged to $X in 2021, rising by 54% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.
Yautia (Cocoyam) Production in Cuba
In value terms, yautia (cocoyam) production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Cuba production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.
The average yield of yautia in Cuba reduced modestly to X tons per ha in 2021, remaining stable against the previous year. The yield figure increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2015 to 2021, the growth of the yautia (cocoyam) yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2021, the total area harvested in terms of yautia production in Cuba soared to X ha, growing by 31% on 2020. Over the period under review, the harvested area, however, continues to indicate a deep slump. The global harvested area peaked at X ha in 2015; however, from 2016 to 2021, the harvested area remained at a lower figure.
Yautia (Cocoyam) Exports
Exports by Country
Ecuador was the main exporter of yautia in the world, with the volume of exports accounting for X tons, which was approx. 45% of total exports in 2021. Nicaragua (X tons) ranks second in terms of the total exports with a 13% share, followed by Mexico (12%), Vietnam (9.2%), Costa Rica (8.2%) and the Dominican Republic (1.9%). The following exporters - China (X tons) and the United States (X tons) - together made up 7.1% of total exports.
Exports from Ecuador increased at an average annual rate of +22.8% from 2012 to 2021. At the same time, the United States (+51.7%), China (+30.9%) and Mexico (+11.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +51.7% from 2012-2021. By contrast, Vietnam (-2.9%), Nicaragua (-5.9%), Costa Rica (-13.2%) and the Dominican Republic (-19.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ecuador, Mexico, China and the United States increased by +37, +7.3, +3.4 and +3.3 percentage points, respectively.
In value terms, Ecuador ($X) emerged as the largest yautia (cocoyam) supplier from Cuba, comprising 50% of global exports. The second position in the ranking was taken by Nicaragua ($X), with an 11% share of global exports. It was followed by Costa Rica, with a 9.1% share.
In Ecuador, yautia (cocoyam) exports increased at an average annual rate of +31.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Nicaragua (-2.2% per year) and Costa Rica (-11.4% per year).
Yautia (Cocoyam) Imports
Imports by Country
The United States was the main importing country with an import of around X tons, which resulted at 64% of total imports. It was distantly followed by Vietnam (X tons), Taiwan (Chinese) (X tons) and Canada (X tons), together constituting a 24% share of total imports. The Netherlands (X tons) held a relatively small share of total imports.
Imports into the United States increased at an average annual rate of +15.7% from 2012 to 2021. At the same time, Vietnam (+35.9%), the Netherlands (+31.9%), Canada (+19.9%) and Taiwan (Chinese) (+9.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in the world, with a CAGR of +35.9% from 2012-2021. While the share of Vietnam (+8.2 p.p.), the United States (+8.2 p.p.), Canada (+2.1 p.p.) and the Netherlands (+2 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Taiwan (Chinese) (-3.2 p.p.) displayed negative dynamics.
In value terms, the United States ($X) constitutes the largest market for imported yautia into Cuba, comprising 57% of global imports. The second position in the ranking was held by Vietnam ($X), with a 14% share of global imports. It was followed by Taiwan (Chinese), with an 8.7% share.
From 2012 to 2021, the average annual growth rate of value in the United States stood at +16.1%. In the other countries, the average annual rates were as follows: Vietnam (+28.4% per year) and Taiwan (Chinese) (+3.4% per year).
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the yautia (cocoyam) 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 135 - Yautia (Cocoyam)
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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