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Report Cuba - Malt Extract and Food Preparations of Flour, Meal, and Starch - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Apr 1, 2024

Cuba - Malt Extract and Food Preparations of Flour, Meal, and Starch - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Cuba

For the third year in a row, the Cuban market for malt extract and food preparations of flour, meal, and starches recorded decline in sales value, which decreased by -16.8% to $X in 2021. Overall, consumption, however, posted significant growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Cuba

After four years of decline, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by 0% to X kg in 2018. Overall, exports saw a abrupt decrease. The smallest decline of -22.6% was in 2014. The exports peaked at X tons in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches totaled $X in 2018. Over the period under review, exports saw a noticeable contraction. The smallest decline of -30.7% was in 2014. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Cuba, with a approx. 100% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2018, leveling off at the previous year. Over the period under review, the export price saw a significant increase. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -10.4%. Over the period under review, the average export prices hit record highs in 2018 and is likely to continue growth in years to come.

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

From 2013 to 2018, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

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Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Cuba

Imports of malt extract and food preparations of flour, meal, and starches into Cuba declined sharply to X tons in 2021, which is down by -18.3% on 2020 figures. Over the period under review, imports, however, recorded a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 718% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, imports of malt extract and food preparations of flour, meal, and starches contracted significantly to $X in 2021. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 865%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest malt extract and food preparations of flour, meal, and starch supplier to Cuba, with a 43% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from the Netherlands exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+31.5% per year) and Belgium (+14.1% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Cuba, comprising 48% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Belgium, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +36.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.3% per year) and Belgium (+31.6% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2021, rising by 2.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 21%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest malt extract and food preparations of flour, meal, and starch consuming country worldwide, comprising approx. 19% of total volume. Moreover, consumption of malt extract and food preparations of flour, meal, and starches in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was taken by the United States, with a 7.2% share.
The country with the largest volume of production of malt extract and food preparations of flour, meal, and starches was China, comprising approx. 18% of total volume. Moreover, production of malt extract and food preparations of flour, meal, and starches in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was held by Germany, with a 6.4% share.
In value terms, the Netherlands constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Cuba, comprising 48% of total imports. The second position in the ranking was taken by Spain, with a 13% share of total imports. It was followed by Belgium, with an 8.6% share.
In 2018, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $4,741 per ton, leveling off at the previous year.
In 2021, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $2,550 per ton, increasing by 2.7% against the previous year.

This report provides an in-depth analysis of the market for malt extract and food preparations of flour, meal, and starch 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 50 - Malt Extract
  • FCL 115 - Food Preparations of Flour, Meal or Malt Extract

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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