Cuba: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Cuba

In 2021, the Cuban fruit or nut preserves market increased by 20% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a strong increase. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Cuba

In value terms, fruit or nut preserves production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 82%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Cuba

In 2021, overseas shipments of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -58.8% to X tons, falling for the second year in a row after three years of growth. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 2,140%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, fruit or nut preserves exports declined significantly to $X in 2021. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 825%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Guatemala (X tons) was the main destination for fruit or nut preserves exports from Cuba, accounting for a 96% share of total exports. It was followed by Kuwait (X tons), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+21.1% per year) and Spain (-36.7% per year).

In value terms, Guatemala ($X) emerged as the key foreign market for jams, marmalades, fruit jellies, fruit or nut purees and pastes exports from Cuba, comprising 94% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Guatemala was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+0.2% per year) and Spain (-37.2% per year).

Export Prices by Country

The average fruit or nut preserves export price stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 77% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Guatemala ($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 Israel (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Cuba

Fruit or nut preserves imports into Cuba surged to X tons in 2021, jumping by 300% on the previous year's figure. Overall, imports, however, continue to indicate a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fruit or nut preserves imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt setback. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) constituted the largest fruit or nut preserves supplier to Cuba, with a 50% share of total imports. Moreover, fruit or nut preserves imports from Chile exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Chile totaled -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-3.1% per year) and Mexico (+1.8% per year).

In value terms, Spain ($X), Chile ($X) and Mexico ($X) were the largest fruit or nut preserves suppliers to Cuba, together accounting for 63% of total imports.

Mexico, with a CAGR of +3.2%, 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 a decline.

Import Prices by Country

The average fruit or nut preserves import price stood at $X per ton in 2021, which is down by -39.2% against the previous year. In general, the import price, however, posted a remarkable increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 184% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Chile ($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 (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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