Report Update Apr 1, 2024

Cuba - Lentils - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Lentil Market 2024

Lentil Market Size in Cuba

In 2021, the Cuban lentil market decreased by -15.3% to $X, falling for the third year in a row after three years of growth. In general, consumption, however, enjoyed a significant increase. Lentil consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Lentil Exports

Exports from Cuba

In 2020, approx. X tons of lentils were exported from Cuba; approximately reflecting 2019 figures. Over the period under review, exports recorded a abrupt descent. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, lentil exports amounted to $X in 2020. Overall, exports saw a abrupt shrinkage. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for lentil exports from Cuba, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

The average lentil export price stood at $X per ton in 2020, remaining constant against the previous year. Overall, the export price showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2020, the rate of growth in terms of prices for Palestine amounted to 0.0% per year.

Lentil Imports

Imports into Cuba

In 2021, purchases abroad of lentils decreased by -31.3% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 329% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, lentil imports reduced to $X in 2021. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 278%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest lentil supplier to Cuba, with a 43% share of total imports. Moreover, lentil imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Mexico (X tons), with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+47.5% per year) and Mexico (+23.2% per year).

In value terms, Spain ($X) constituted the largest supplier of lentil to Cuba, comprising 51% of total imports. The second position in the ranking was held by Argentina ($X), with a 21% share of total imports. It was followed by Mexico, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +58.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.0% per year) and Mexico (+25.8% per year).

Import Prices by Country

In 2021, the average lentil import price amounted to $X per ton, jumping by 31% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lentil import price increased by +92.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Argentina ($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 (+7.4%), 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 lentils in the world?

The countries with the highest volumes of consumption in 2021 were India, Canada and Bangladesh, together comprising 48% of global consumption. These countries were followed by Turkey, Nepal, the United Arab Emirates, Ethiopia, Sri Lanka, China, Australia, Pakistan, the United States and Syrian Arab Republic, which together accounted for a further 32%.

What are the largest producers of lentils in the world?

Canada remains the largest lentil producing country worldwide, comprising approx. 40% of total volume. Moreover, lentil production in Canada exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was taken by Australia, with a 14% share.

What are the leading suppliers of lentils to Cuba?

In value terms, Spain constituted the largest supplier of lentil to Cuba, comprising 51% of total imports. The second position in the ranking was taken by Argentina, with a 21% share of total imports. It was followed by Mexico, with a 17% share.

What is the average export price for lentils in Cuba?

In 2020, the average lentil export price amounted to $782 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for lentils in Cuba?

The average lentil import price stood at $1,365 per ton in 2021, rising by 31% against the previous year.

This report provides an in-depth analysis of the lentil 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 201 - Lentils, dry

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