Report Update Apr 1, 2024

Cuba - Maize (Green) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Maize Market 2024

Maize Market Size in Cuba

In 2021, after nine years of growth, there was significant decline in the Cuban maize market, when its value decreased by -20.9% to $X. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market reached the peak level at $X in 2020, and then declined notably in the following year.

Maize Production in Cuba

In value terms, maize production shrank remarkably to $X in 2021 estimated in export price. Overall, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 53%. As a result, production reached the peak level of $X, and then declined markedly in the following year.

Maize Exports

Exports from Cuba

In 2021, shipments abroad of maize (green) increased by 497% to X tons for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, faced a deep slump. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, maize exports soared to $X in 2021. In general, exports showed pronounced growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for maize exports from Cuba, with a 97% share of total exports. It was followed by the Netherlands (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -16.0%.

In value terms, Canada ($X) remains the key foreign market for maize exports from Cuba, comprising 97% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +3.7%.

Export Prices by Country

In 2021, the average maize export price amounted to $X per ton, shrinking by -22.4% against the previous year. In general, the export price, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+34.5%).

Maize Imports

Imports into Cuba

In 2021, purchases abroad of maize (green) increased by 17% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 333%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, maize imports contracted slightly to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 with an increase of 852,500% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main maize supplier to Cuba, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +45.7%.

In value terms, Spain ($X) constituted the largest supplier of maize to Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +24.2%.

Import Prices by Country

In 2021, the average maize import price amounted to $X per ton, declining by -16.4% against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 200% 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.

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

From 2012 to 2021, the rate of growth in terms of prices for Hong Kong SAR amounted to +59.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for maize (green) in the world?

The United States remains the largest maize consuming country worldwide, accounting for 26% of total volume. Moreover, maize consumption in the United States exceeded the figures recorded by the second-largest consumer, Croatia, fourfold. The third position in this ranking was held by Nigeria, with a 5.6% share.

What are the largest producers of maize (green) in the world?

The United States constituted the country with the largest volume of maize production, comprising approx. 24% of total volume. Moreover, maize production in the United States exceeded the figures recorded by the second-largest producer, Mexico, threefold. The third position in this ranking was held by Croatia, with a 6.6% share.

What are the leading suppliers of maize (green) to Cuba?

In value terms, Spain constituted the largest supplier of maize to Cuba.

What are the leading importers of maize (green) from Cuba?

In value terms, Canada remains the key foreign market for maize exports from Cuba, comprising 97% of total exports. The second position in the ranking was taken by the Netherlands, with a 2.7% share of total exports.

What is the average export price for maize (green) in Cuba?

The average maize export price stood at $2,656 per ton in 2021, shrinking by -22.4% against the previous year.

What is the average import price for maize (green) in Cuba?

In 2021, the average maize import price amounted to $1,519 per ton, reducing by -16.4% against the previous year.

This report provides an in-depth analysis of the maize 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 446 - Green Corn (Maize)

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