Report Cuba - Frozen Fish and Seafood - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Cuba - Frozen Fish and Seafood - Market Analysis, Forecast, Size, Trends and Insights
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Cuba: Market for Frozen Fish And Seafood 2022

Market Size for Frozen Fish And Seafood in Cuba

After two years of decline, the Cuban frozen fish and seafood market increased by X% to $X in 2021. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Frozen Fish And Seafood in Cuba

In value terms, frozen fish and seafood production expanded remarkably to $X in 2021 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports from Cuba

In 2021, exports of frozen fish and seafood from Cuba skyrocketed to X tons, increasing by X% against the year before. Overall, exports, however, continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons), China (X tons) and Italy (X tons) were the main destinations of frozen fish and seafood exports from Cuba, together accounting for X% of total exports. France, the Dominican Republic and Belgium lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and France ($X) appeared to be the largest markets for frozen fish and seafood exported from Cuba worldwide, with a combined X% share of total exports. Italy, the Dominican Republic and Belgium lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average frozen fish and seafood export price amounted to $X per ton, approximately equating the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fish and seafood export price decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Cuba

In 2021, purchases abroad of frozen fish and seafood decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank in the following year.

In value terms, frozen fish and seafood imports stood at $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Chile (X tons) constituted the largest frozen fish and seafood supplier to Cuba, accounting for a X% share of total imports. Moreover, frozen fish and seafood imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Canada (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Canada (+X% per year).

In value terms, the largest frozen fish and seafood suppliers to Cuba were Spain ($X), Chile ($X) and Canada ($X), with a combined X% share of total imports. These countries were followed by Portugal and China, which together accounted for a further X, with a CAGR of +X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($X per ton), while the price for Chile ($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 (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox 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 frozen fish and seafood in the world?
+
China constituted the country with the largest volume of frozen fish and seafood consumption, comprising approx. 31% of total volume. Moreover, frozen fish and seafood consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fivefold. The third position in this ranking was held by Russia, with a 5.8% share.
What are the largest producers of frozen fish and seafood in the world?
+
China remains the largest frozen fish and seafood producing country worldwide, comprising approx. 29% of total volume. Moreover, frozen fish and seafood production in China exceeded the figures recorded by the second-largest producer, Russia, fourfold. The third position in this ranking was held by India, with a 5% share.
What are the leading suppliers of frozen fish and seafood to Cuba?
+
In value terms, the largest frozen fish and seafood suppliers to Cuba were Spain, Chile and Canada, together comprising 77% of total imports. These countries were followed by Portugal and China, which together accounted for a further 9.5%.
What are the leading importers of frozen fish and seafood from Cuba?
+
In value terms, the largest markets for frozen fish and seafood exported from Cuba were China, Spain and France, with a combined 88% share of total exports. These countries were followed by Italy, the Dominican Republic and Belgium, which together accounted for a further 5.6%.
What is the average export price for frozen fish and seafood in Cuba?
+
In 2021, the average frozen fish and seafood export price amounted to $9,835 per ton, remaining stable against the previous year.
What is the average import price for frozen fish and seafood in Cuba?
+
The average frozen fish and seafood import price stood at $1,369 per ton in 2021, growing by 6.3% against the previous year.

This report provides an in-depth analysis of the market for frozen fish and seafood 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 10201330 - Frozen whole salt water fish
• Prodcom 10201360 - Frozen whole fresh water fish
• Prodcom 10201400 - Frozen fish fillets
• Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
• Prodcom 10201600 - Frozen fish livers and roes
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
GLOSSARY AND SPECIFIC TERMS
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 PRODUCTS

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 2012–2021
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, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
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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