Cuba: Chili And Pepper Market 2024

Chili And Pepper Market Size in Cuba

The Cuban chili and pepper market expanded markedly to $X in 2021, rising by 14% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Chili And Pepper Production in Cuba

In value terms, chili and pepper production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.0% against 2019 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 75%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

In 2021, the average chili and pepper yield in Cuba soared to X tons per ha, with an increase of 18% against the year before. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 25%. The chili and pepper yield peaked at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of chilies and peppers (green) in Cuba contracted slightly to X ha, declining by -3.9% compared with the previous year. The harvested area increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2021, the growth of the chili and pepper harvested area remained at a somewhat lower figure.

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Chili And Pepper Exports

Exports from Cuba

In 2021, approx. X tons of chilies and peppers (green) were exported from Cuba; with an increase of 69% on the previous year's figure. In general, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 142%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, chili and pepper exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 132% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of chili and pepper exports from Cuba, with a combined 97% 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 France (with a CAGR of +66.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chili and pepper exported from Cuba were France ($X), Canada ($X) and the Netherlands ($X), together accounting for 94% of total exports.

France, with a CAGR of +71.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average chili and pepper export price amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Canada ($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 Canada (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Cuba

In 2021, supplies from abroad of chilies and peppers (green) decreased by -89.9% to X kg for the first time since 2015, thus ending a five-year rising trend. In general, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 243% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, chili and pepper imports contracted notably to $X in 2021. Over the period under review, imports showed a sharp slump. The pace of growth appeared the most rapid in 2020 with an increase of 179%. As a result, imports reached the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2021, Angola (X kg) was the main supplier of chili and pepper to Cuba, accounting for a 97% share of total imports. It was followed by Canada (X kg), with a 2.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Angola was relatively modest.

In value terms, Angola ($X) constituted the largest supplier of chili and pepper to Cuba, comprising 95% of total imports. The second position in the ranking was held by Canada ($X), with a 4.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Angola was relatively modest.

Import Prices by Country

In 2021, the average chili and pepper import price amounted to $X per ton, which is down by -37.5% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when the average import price increased by 58%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Angola totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.0%).

Source: IndexBox Platform

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