
Cuba - Cow Peas (Dry) - Market Analysis, Forecast, Size, Trends and Insights
Cuba: Cow Peas Market 2023
Cow Peas Market Size in Cuba
In 2021, the Cuban cow peas market increased by 0.1% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.
Cow Peas Exports
Exports by Country
Norway (X kg) was the main destination for cow peas exports from Cuba, with a approx. 100% share of total exports.
From 2013 to 2013, the average annual growth rate of volume to Norway was relatively modest.
From 2013 to 2013, the average annual rate of growth in terms of value to Norway was relatively modest.
Cow Peas Imports
Imports into Cuba
In 2021, purchases abroad of cow peas (dry) increased by 2% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 96% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
In value terms, cow peas imports fell modestly to $X in 2021. In general, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 250%. Imports peaked at $X in 2020, and then declined modestly in the following year.
Imports by Country
Spain (X tons), Canada (X tons) and Mexico (X tons) were the main suppliers of cow peas imports to Cuba, with a combined 100% share of total imports.
From 2012 to 2021, the biggest increases were in Spain (with a CAGR of +11.6%), while purchases for the other leaders experienced a decline.
In value terms, Spain ($X) constituted the largest supplier of cow peas to Cuba, comprising 73% of total imports. The second position in the ranking was held by Canada ($X), with a 16% share of total imports.
From 2012 to 2021, the average annual growth rate of value from Spain totaled +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-6.4% per year) and Mexico (-17.1% per year).
Import Prices by Country
The average cow peas import price stood at $X per ton in 2021, declining by -3% against the previous year. In general, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cow peas import price increased by +6.3% against 2019 indices. The pace of growth was the most pronounced in 2017 an increase of 79%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the cow peas market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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