Report Update Apr 1, 2024

Cuba - Lamb and Sheep Meat - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Lamb and Sheep Meat 2024

Market Size for Lamb and Sheep Meat in Cuba

In 2021, the Cuban lamb and sheep meat market increased by 38% to $X, rising for the third consecutive year after four years of decline. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value 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. Based on 2021 figures, consumption increased by +87.5% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Lamb and Sheep Meat in Cuba

In value terms, lamb and sheep meat production skyrocketed to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +95.8% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

In 2021, the average lamb and sheep meat yield in Cuba skyrocketed to X kg per head, increasing by 32% compared with 2020. The yield figure increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the yield reached the peak level and is likely to continue growth in the immediate term.

In 2021, number of animals slaughtered for lamb and sheep meat production in Cuba amounted to X heads, leveling off at the previous year. Over the period under review, the number of producing animals, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 8.6% against the previous year. The number of animals slaughtered for lamb and sheep meat production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

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Exports of Lamb and Sheep Meat

Exports from Cuba

In 2021, the amount of lamb and sheep meat exported from Cuba totaled X kg, almost unchanged from the year before. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lamb and sheep meat exports totaled $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Luxembourg (X kg) was the main destination for lamb and sheep meat exports from Cuba, with a approx. 100% share of total exports.

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

From 2021 to 2021, the average annual growth rate of value to Luxembourg was relatively modest.

Imports of Lamb and Sheep Meat

Imports into Cuba

In 2021, supplies from abroad of lamb and sheep meat was finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 317% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, lamb and sheep meat imports surged to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 276%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X tons), Spain (X tons) and Canada (X kg) were the main suppliers of lamb and sheep meat imports to Cuba, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +46.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lamb and sheep meat suppliers to Cuba were Spain ($X), Chile ($X) and Canada ($X), together comprising 65% of total imports.

Chile, with a CAGR of +34.8%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average lamb and sheep meat import price amounted to $X per ton, with an increase of 3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 when the average import price increased by 17% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lamb and sheep meat in the world?

China constituted the country with the largest volume of lamb and sheep meat consumption, accounting for 29% of total volume. Moreover, lamb and sheep meat consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was held by Turkey, with a 3.6% share.

What are the largest producers of lamb and sheep meat in the world?

The country with the largest volume of lamb and sheep meat production was China, accounting for 24% of total volume. Moreover, lamb and sheep meat production in China exceeded the figures recorded by the second-largest producer, India, threefold. New Zealand ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of lamb and sheep meat to Cuba?

In value terms, Spain, Chile and Canada were the largest lamb and sheep meat suppliers to Cuba, together comprising 65% of total imports.

What is the average import price for lamb and sheep meat in Cuba?

In 2021, the average lamb and sheep meat import price amounted to $9,679 per ton, growing by 3.7% against the previous year.

This report provides an in-depth analysis of the market for lamb and sheep meat 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 977 - Meat of sheep

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, PRODUCING ANIMALS 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. Producing Animals Slaughtered, 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