Cuba: Concentrated Pineapple Juice Market 2024

Concentrated Pineapple Juice Market Size in Cuba

In 2021, the Cuban concentrated pineapple juice market decreased by -26.6% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, posted a prominent expansion. Concentrated pineapple juice consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Concentrated Pineapple Juice Production in Cuba

In value terms, concentrated pineapple juice production reduced markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 306% against the previous year. Concentrated pineapple juice production peaked at $X in 2020, and then reduced sharply in the following year.

Concentrated Pineapple Juice Exports

Exports from Cuba

In 2021, shipments abroad of concentrated pineapple juice increased by 39% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 303% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, concentrated pineapple juice exports surged to $X in 2021. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 289%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for concentrated pineapple juice exports from Cuba, accounting for a 97% share of total exports. It was followed by Germany (X tons), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) remains the key foreign market for concentrated pineapple juice exports from Cuba, comprising 97% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +5.3%.

Export Prices by Country

The average concentrated pineapple juice export price stood at $X per ton in 2021, increasing by 25% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 71% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.6%).

Concentrated Pineapple Juice Imports

Imports into Cuba

In 2021, overseas purchases of concentrated pineapple juice decreased by -6.8% to X tons, falling for the second year in a row after four years of growth. In general, imports saw a mild reduction. The most prominent rate of growth was recorded in 2019 with an increase of 136% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, concentrated pineapple juice imports dropped remarkably to $X in 2021. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 122% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Canada (X tons), Mexico (X tons) and Spain (X kg) were the main suppliers of concentrated pineapple juice imports to Cuba, together comprising 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +32.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of concentrated pineapple juice to Cuba, comprising 87% of total imports. The second position in the ranking was taken by Canada ($X), with an 11% share of total imports. It was followed by Spain, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-20.0% per year) and Spain (-9.1% per year).

Import Prices by Country

The average concentrated pineapple juice import price stood at $X per ton in 2021, reducing by -41.5% against the previous year. In general, the import price saw a pronounced downturn. The growth pace was the most rapid in 2015 when the average import price increased by 153%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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