
Cuba - Poultry - Market Analysis, Forecast, Size, Trends and Insights
Cuba: Poultry Market 2022
Poultry Market Size in Cuba
The Cuban poultry market rose slightly to $X in 2021, with an increase of 3.1% against the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Poultry consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.
Poultry Production in Cuba
In value terms, poultry production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 12%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
The average yield of poultry in Cuba contracted sharply to X kg per head in 2021, which is down by -16% against the previous year. Over the period under review, the yield, however, posted a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 36% against the previous year. Over the period under review, the average poultry yield attained the peak level at X kg per head in 2020, and then shrank sharply in the following year.
In 2021, the number of animals slaughtered for poultry production in Cuba skyrocketed to X heads, picking up by 15% compared with the previous year's figure. Overall, the number of producing animals, however, saw a abrupt decline. The number of animals slaughtered for poultry production peaked at X heads in 2012; however, from 2013 to 2021, producing animals stood at a somewhat lower figure.
Poultry Exports
Exports from Cuba
In 2021, poultry exports from Cuba totaled X tons, therefore, remained relatively stable against the previous year's figure. Overall, exports, however, continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.
In value terms, poultry exports dropped slightly to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.
Exports by Country
Mauritania (X tons) and Slovakia (X tons) were the main destinations of poultry exports from Cuba.
From 2013 to 2019, the biggest increases were in Slovakia (with a CAGR of +23.1%).
In value terms, Slovakia ($X) emerged as the key foreign market for poultry exports from Cuba, comprising 66% of total exports. The second position in the ranking was taken by Mauritania ($X), with a 31% share of total exports.
From 2013 to 2019, the average annual rate of growth in terms of value to Slovakia stood at +24.0%.
Export Prices by Country
The average poultry export price stood at $X per ton in 2019, which is down by -36.1% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 10% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2019, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Mauritania stood at $X per ton.
From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+0.7%).
Poultry Imports
Imports into Cuba
Poultry imports into Cuba rose slightly to X tons in 2021, surging by 4.5% compared with 2020 figures. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.1% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 22% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.
In value terms, poultry imports reached $X in 2021. Overall, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, the United States (X tons) constituted the largest supplier of poultry to Cuba, with a 82% share of total imports. Moreover, poultry imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.4% per year) and Argentina (+30.6% per year).
In value terms, the United States ($X) constituted the largest supplier of poultry to Cuba, comprising 75% of total imports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total imports.
From 2012 to 2021, the average annual growth rate of value from the United States stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+9.3% per year) and Argentina (+24.5% per year).
Import Prices by Country
The average poultry import price stood at $X per ton in 2021, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.7%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the poultry 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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