Report Cuba - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 6, 2022

Cuba - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends and Insights
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Cuba: Market for Cocoa Powder (Containing Added Sugar) 2022

Market Size for Cocoa Powder (Containing Added Sugar) in Cuba

The Cuban cocoa powder with sugar market declined to $X in 2021, which is down by -8.1% against the previous year. Overall, consumption saw a noticeable decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Cuba

In value terms, cocoa powder with sugar production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Cuba

In 2013, exports of cocoa powder (containing added sugar) from Cuba totaled X kg, therefore, remained relatively stable against 2012 figures. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2013 and are likely to see steady growth in the immediate term.

In value terms, cocoa powder with sugar exports totaled $X in 2013. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure in 2013 and are likely to continue growth in the near future.

Exports by Country

Russia (X kg) was the main destination for cocoa powder with sugar exports from Cuba, with a approx. 100% share of total exports.

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

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

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Cuba

In 2021, the amount of cocoa powder (containing added sugar) imported into Cuba contracted notably to X tons, waning by -23.5% compared with the previous year's figure. Overall, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 89%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cocoa powder with sugar imports dropped dramatically to $X in 2021. Over the period under review, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 68%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest cocoa powder with sugar supplier to Cuba, with a 76% share of total imports. Moreover, cocoa powder with sugar imports from Spain exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), fourfold. Italy (X kg) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+451.7% per year) and Italy (-25.3% per year).

In value terms, Spain ($X) constituted the largest supplier of cocoa powder with sugar to Cuba, comprising 65% of total imports. The second position in the ranking was taken by the Dominican Republic ($X), with a 23% share of total imports. It was followed by Italy, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+474.1% per year) and Italy (-18.3% per year).

Import Prices by Country

The average cocoa powder with sugar import price stood at $X per ton in 2021, rising by 4.2% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cocoa powder with sugar import price decreased by -7.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 40% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (containing added sugar) in the world?
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The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 31% share of global consumption. These countries were followed by Japan, Germany, Brazil, Pakistan, Indonesia, Bangladesh, Spain, Nigeria, the UK and Mexico, which together accounted for a further 24%.
What are the largest producers of cocoa powder (containing added sugar) in the world?
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China remains the largest cocoa powder with sugar producing country worldwide, accounting for 16% of total volume. Moreover, cocoa powder with sugar production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was held by India, with a 6.2% share.
What are the leading suppliers of cocoa powder (containing added sugar) to Cuba?
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In value terms, Spain constituted the largest supplier of cocoa powder with sugar to Cuba, comprising 65% of total imports. The second position in the ranking was held by the Dominican Republic, with a 23% share of total imports. It was followed by Italy, with a 7.4% share.
What is the average import price for cocoa powder (containing added sugar) in Cuba?
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In 2021, the average cocoa powder with sugar import price amounted to $4,007 per ton, picking up by 4.2% against the previous year.

This report provides an in-depth analysis of the market for cocoa powder with sugar 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 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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