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Cuba - Fruits, Nuts and Peel (Sugar Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Candied Fruit Market 2024

Candied Fruit Market Size in Cuba

The Cuban candied fruit market was estimated at $X in 2021, picking up by 4.9% against the previous year. Overall, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Candied Fruit Production in Cuba

In value terms, candied fruit production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 163%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

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Candied Fruit Exports

Exports from Cuba

For the eighth year in a row, Cuba recorded growth in shipments abroad of candied fruits, which increased by 77% to X tons in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 335% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, candied fruit exports surged to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 209%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for candied fruit exports from Cuba, accounting for a 84% share of total exports. Moreover, candied fruit exports to Italy exceeded the volume sent to the second major destination, Spain (X kg), fivefold.

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

In value terms, Italy ($X) emerged as the key foreign market for candied fruit exports from Cuba, comprising 79% of total exports. The second position in the ranking was held by Spain ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2021, shrinking by -5.3% against the previous year. Over the period under review, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 66% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.8%).

Candied Fruit Imports

Imports into Cuba

In 2021, after three years of decline, there was significant growth in overseas purchases of candied fruits, when their volume increased by 23% to X tons. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 176% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, candied fruit imports skyrocketed to $X in 2021. In general, imports showed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 273%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest candied fruit supplier to Cuba, with a 78% share of total imports. Moreover, candied fruit imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and Panama (+42.7% per year).

In value terms, Spain ($X) constituted the largest supplier of candied fruit to Cuba, comprising 71% of total imports. The second position in the ranking was taken by Italy ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.8% per year) and Panama (+43.2% per year).

Import Prices by Country

The average candied fruit import price stood at $X per ton in 2021, reducing by -2.8% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for candied fruits in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together accounting for 37% of global consumption. Pakistan, Japan, Nigeria, Indonesia, Brazil, Bangladesh, the UK, France, Germany and Thailand lagged somewhat behind, together comprising a further 26%.

What are the largest producers of candied fruits in the world?

China constituted the country with the largest volume of candied fruit production, comprising approx. 26% of total volume. Moreover, candied fruit production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was taken by Thailand, with an 8% share.

What are the leading suppliers of candied fruits to Cuba?

In value terms, Spain constituted the largest supplier of candied fruit to Cuba, comprising 71% of total imports. The second position in the ranking was held by Italy, with a 26% share of total imports.

What are the leading importers of candied fruits from Cuba?

In value terms, Italy emerged as the key foreign market for candied fruit exports from Cuba, comprising 79% of total exports. The second position in the ranking was taken by Spain $530), with a 21% share of total exports.

What is the average export price for candied fruits in Cuba?

The average candied fruit export price stood at $1,189 per ton in 2021, falling by -5.3% against the previous year.

What is the average import price for candied fruits in Cuba?

The average candied fruit import price stood at $2,483 per ton in 2021, shrinking by -2.8% against the previous year.

This report provides an in-depth analysis of the candied fruit 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.

Product coverage:

FCL 625 - Fruit, Nuts, Peel, Sugar Preserved

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023