Cuba: Meat And Poultry Market 2024

Meat And Poultry Market Size in Cuba

The Cuban meat and poultry market skyrocketed to $X in 2021, rising by 22% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Meat And Poultry Production in Cuba

In value terms, meat and poultry production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Meat and poultry production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

In 2021, the average yield of meat and poultry in Cuba fell to X kg per head, which is down by -6% on the previous year's figure. In general, the yield indicated pronounced growth from 2012 to 2021: its figure increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, meat and poultry yield decreased by -26.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 32% against the previous year. The meat and poultry yield peaked at X kg per head in 2019; however, from 2020 to 2021, the yield failed to regain momentum.

In 2021, approx. X heads of animals slaughtered for meat and poultry production in Cuba; with an increase of 5.7% against 2020 figures. Over the period under review, the number of producing animals, however, showed a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 7.1%. The number of animals slaughtered for meat and poultry production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.

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Meat And Poultry Exports

Exports from Cuba

In 2021, shipments abroad of meat and poultry decreased by 0% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a sharp slump. The growth pace was the most rapid in 2018 when exports increased by 622,825%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, meat and poultry exports totaled $X in 2021. Over the period under review, exports saw a precipitous shrinkage. The growth pace was the most rapid in 2018 with an increase of 267,970%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Luxembourg (X kg) was the main destination for meat and poultry exports from Cuba, with a approx. 50% share of total exports.

From 2013 to 2021, the average annual growth rate of volume to Luxembourg was relatively modest.

From 2013 to 2021, the average annual rate of growth in terms of value to Luxembourg was relatively modest.

Export Prices by Country

The average meat and poultry export price stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 140%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2013 to 2021, the rate of growth in terms of prices for Slovakia amounted to -1.7% per year.

Meat And Poultry Imports

Imports into Cuba

In 2021, imports of meat and poultry into Cuba surged to X tons, growing by 35% on 2020 figures. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat and poultry imports skyrocketed to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.4% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest meat and poultry supplier to Cuba, with a 42% share of total imports. Moreover, meat and poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United States amounted to +8.0%.

In value terms, the United States ($X) constituted the largest supplier of meat and poultry to Cuba, comprising 38% of total imports. The second position in the ranking was held by Brazil ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +6.0%.

Import Prices by Country

In 2021, the average meat and poultry import price amounted to $X per ton, waning by -1.6% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 16%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.1%).

Source: IndexBox Platform

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