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Cuba - Potato - Market Analysis, Forecast, Size, Trends and Insights
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Cuba: Potato Market Overview 2021

Potato Market Size in Cuba

The Cuban potato market soared to $X in 2020, growing by X% against the previous year. Overall, consumption showed a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% y-o-y. Over the period under review, the market reached the maximum level at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Potato Production in Cuba

In value terms, potato production surged to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Potato production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

In 2020, the average yield of potatoes in Cuba rose to X tonnes per ha, increasing by X% compared with the previous year's figure. The yield figure increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 when the yield increased by X% y-o-y. The potato yield peaked in 2020 and is likely to see steady growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of potatoes in Cuba fell slightly to X ha, declining by -X% compared with the year before. Over the period under review, the harvested area continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to potato production attained the peak figure at X ha in 2009; however, from 2010 to 2020, the harvested area remained at a lower figure.

Potato Exports

Exports from Cuba

In 2020, approx. X kg of potatoes were exported from Cuba; with a decrease of -X% against the year before. In general, exports showed a sharp contraction. Over the period under review, exports hit record highs at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, potato exports declined remarkably to $X in 2020. Overall, exports faced a precipitous decline. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Jamaica (X tonnes) was the main destination for potato exports from Cuba, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Jamaica amounted to -X%.

In value terms, Jamaica ($X) also remains the key foreign market for potato exports from Cuba.

From 2007 to 2019, the average annual rate of growth in terms of value to Jamaica amounted to -X%.

Export Prices by Country

The average potato export price stood at $X per tonne in 2019, increasing by X% against the previous year. Overall, the export price recorded resilient growth. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2019, the rate of growth in terms of prices for Jamaica amounted to +X% per year.

Potato Imports

Imports into Cuba

In 2020, potato imports into Cuba shrank remarkably to X tonnes, declining by -X% against 2019. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X tonnes in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

In value terms, potato imports reduced dramatically to $X in 2020. Overall, imports showed a noticeable reduction. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, the Netherlands (X tonnes) was the main potato supplier to Cuba, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the Netherlands amounted to -X%.

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

From 2007 to 2020, the average annual growth rate of value from the Netherlands amounted to -X%.

Import Prices by Country

In 2020, the average potato import price amounted to $X per tonne, growing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. As a result, import price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for the Netherlands amounted to +X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?
+
The countries with the highest volumes of potato consumption in 2020 were China (94M tonnes), India (52M tonnes) and Russia (22M tonnes), with a combined 44% share of global consumption. These countries were followed by Ukraine, the U.S., Bangladesh, Germany, the Netherlands, France, Poland, Belgium and Belarus, which together accounted for a further 24%.
What are the largest producers of potatoes in the world?
+
The countries with the highest volumes of potato production in 2020 were China (95M tonnes), India (53M tonnes) and Russia (22M tonnes), together comprising 45% of global production. These countries were followed by Ukraine, the U.S., Germany, Bangladesh, France, the Netherlands, Poland and Belarus, which together accounted for a further 23%.
What are the leading suppliers of potatoes to Cuba?
+
In value terms, the Netherlands ($5.2M) constituted the largest supplier of potato to Cuba.
What are the leading importers of potatoes from Cuba?
+
In value terms, Jamaica ($10K) remains the key foreign market for potato exports from Cuba.
What is the average export price for potatoes in Cuba?
+
In 2019, the average potato export price amounted to $237 per tonne, rising by 19% against the previous year.
What is the average import price for potatoes in Cuba?
+
In 2020, the average potato import price amounted to $497 per tonne, rising by 6.3% against the previous year.

Product coverage:
• FCL 116 - Potatoes

This report provides an in-depth analysis of the potato 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 2025.


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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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