Cuba: Market for Non-Alcoholic Beverages, Not Containing Milk 2024

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Cuba

The Cuban market for non-alcoholic beverages, not containing milk stood at $X in 2021, remaining relatively unchanged against the previous year. In general, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Production of Non-Alcoholic Beverages, Not Containing Milk in Cuba

In value terms, non-alcoholic beverage, not containing milk production totaled $X in 2021 estimated in export price. Overall, production showed a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 71% against the previous year. Non-alcoholic beverage, not containing milk production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports from Cuba

In 2021, overseas shipments of non-alcoholic beverages, not containing milk decreased by -24.5% to X litres, falling for the fourth year in a row after two years of growth. In general, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2016 when exports increased by 288% against the previous year. Over the period under review, the exports reached the maximum at X litres in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, non-alcoholic beverage, not containing milk exports dropped markedly to $X in 2021. Overall, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 126% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X litres) and France (X litres) were the main destinations of non-alcoholic beverage, not containing milk exports from Cuba.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of 0.0%).

From 2012 to 2021, the average annual growth rate of value to France totaled -4.6%.

Export Prices by Country

In 2021, the average export price for non-alcoholic beverages, not containing milk amounted to $X per litre, surging by 6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 105% against the previous year. The export price peaked at $X per litre in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per litre), while the average price for exports to Maldives amounted to $X per litre.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports into Cuba

In 2021, approx. X litres of non-alcoholic beverages, not containing milk were imported into Cuba; jumping by 43% on the year before. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 184%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, non-alcoholic beverage, not containing milk imports surged to $X in 2021. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 285% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X litres), Spain (X litres) and Trinidad and Tobago (X litres) were the main suppliers of non-alcoholic beverage, not containing milk imports to Cuba, together comprising 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Trinidad and Tobago (with a CAGR of +224.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-alcoholic beverage, not containing milk suppliers to Cuba were the Netherlands ($X), Spain ($X) and Trinidad and Tobago ($X), with a combined 93% share of total imports.

Among the main suppliers, Trinidad and Tobago, with a CAGR of +233.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for non-alcoholic beverages, not containing milk stood at $X per litre in 2021, almost unchanged from the previous year. In general, the import price, however, showed a noticeable curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per litre. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per litre), while the price for Uruguay ($X per litre) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :