Cuba: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Cuba

After three years of growth, the Cuban market for coconut, abaca, ramie and other vegetable textile fibres decreased by -4.6% to $X in 2021. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Cuba

In value terms, production of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2021 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.0% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020, and then declined in the following year.

The average yield of coconut, abaca, ramie and other vegetable textile fibres in Cuba reduced modestly to X kg per ha in 2021, remaining constant against 2020 figures. Overall, the yield showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 3.2%. The yield of coconut, abaca, ramie and other vegetable textile fibres peaked at X kg per ha in 2013; however, from 2014 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.

The harvested area of coconut, abaca, ramie and other vegetable textile fibres in Cuba amounted to X ha in 2021, remaining stable against 2020. Overall, the harvested area, however, recorded a slight descent. The growth pace was the most rapid in 2016 when the harvested area increased by 4.1%. The harvested area of coconut, abaca, ramie and other vegetable textile fibres peaked at X ha in 2013; however, from 2014 to 2021, the harvested area stood at a somewhat lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Cuba

For the seventh consecutive year, Cuba recorded decline in shipments abroad of coconut, abaca, ramie and other vegetable textile fibres, which decreased by -18.2% to X kg in 2021. In general, exports showed a sharp contraction. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres shrank to $X in 2021. Overall, exports continue to indicate a significant decrease. The smallest decline of -2.8% was in 2019. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Cuba, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -16.8%.

In value terms, Chile ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibre exports from Cuba, comprising 99% of total exports. The second position in the ranking was taken by France ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile amounted to -3.0%.

Export Prices by Country

The average export price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2021, with an increase of 17% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for coconut, abaca, ramie and other vegetable textile fibres increased by +93.9% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 50%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Chile ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+16.6%).

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Cuba

In 2021, overseas purchases of coconut, abaca, ramie and other vegetable textile fibres increased by 0.5% to X tons, rising for the third year in a row after five years of decline. In general, imports, however, recorded a precipitous contraction. The pace of growth appeared the most rapid in 2020 with an increase of 457% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres amounted to $X in 2021. Over the period under review, imports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 462% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main coconut, abaca, ramie and other vegetable textile fibre supplier to Cuba, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled -29.4%.

In value terms, Brazil ($X) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Cuba.

From 2012 to 2021, the average annual growth rate of value from Brazil amounted to -22.6%.

Import Prices by Country

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 53%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +9.7% per year.

Source: IndexBox Platform

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