Cuba: Market for Chocolate Bars With Fillings 2022

Market Size for Chocolate Bars With Fillings in Cuba

The Cuban chocolate bar with filling market contracted markedly to $X in 2021, which is down by -16% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Chocolate Bars With Fillings in Cuba

In value terms, chocolate bar with filling production dropped notably to $X in 2021 estimated in export price. In general, production continues to indicate a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of 71%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Chocolate Bars With Fillings

Exports from Cuba

In 2016, the amount of chocolate bars with fillings exported from Cuba declined sharply to X kg, which is down by -86.4% on 2015 figures. Over the period under review, exports saw a significant contraction. The smallest decline of -63.2% was in 2014. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2016, the exports remained at a lower figure.

In value terms, chocolate bar with filling exports declined significantly to $X in 2016. In general, exports showed a sharp slump. The smallest decline of -69.7% was in 2015. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2016, the exports remained at a lower figure.

Exports by Country

Tajikistan (X kg) was the main destination for chocolate bar with filling exports from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2016, the average annual growth rate of volume to Tajikistan was relatively modest.

In value terms, Tajikistan ($X) emerged as the key foreign market for chocolate bar with filling exports from Cuba.

From 2013 to 2016, the average annual growth rate of value to Tajikistan was relatively modest.

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2016, reducing by -32.4% against the previous year. Overall, the export price showed a precipitous setback. The pace of growth was the most pronounced in 2015 when the average export price decreased by -17.6%. The export price peaked at $X per ton in 2013; however, from 2014 to 2016, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Tajikistan.

From 2013 to 2016, the rate of growth in terms of prices for Angola amounted to -14.3% per year.

Imports of Chocolate Bars With Fillings

Imports into Cuba

After six years of growth, supplies from abroad of chocolate bars with fillings decreased by -4.1% to X tons in 2021. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 72% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then contracted slightly in the following year.

In value terms, chocolate bar with filling imports fell to $X in 2021. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank slightly in the following year.

Imports by Country

The United States (X tons), Panama (X tons) and Brazil (X tons) were the main suppliers of chocolate bar with filling imports to Cuba, together accounting for 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +47.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Cuba were the United States ($X), Panama ($X) and Brazil ($X), together accounting for 85% of total imports.

Among the main suppliers, Panama, with a CAGR of +32.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average chocolate bar with filling import price amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2014 an increase of 22%. The import price peaked at $X per ton in 2020, and then fell modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Colombia ($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 (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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