Cuba - Poultry - Market Analysis, Forecast, Size, Trends and Insights

Cuba: Poultry Market Overview 2020

Poultry Market Size in Cuba

The revenue of the poultry market in Cuba amounted to $X in 2018, approximately mirroring the previous year. Over the period under review, the total market indicated a buoyant increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, poultry consumption increased by +X% against 2014 indices. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Cuba poultry consumption peaked in 2018 and is likely to see steady growth in the immediate term.

Poultry Production in Cuba

In value terms, poultry production stood at $X in 2018 estimated in export prices. Over the period under review, poultry production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when production volume increased by X% against the previous year. Over the period under review, poultry production attained its maximum level at $X in 2012; however, from 2013 to 2018, production remained at a lower figure.

Average yield of poultry in Cuba stood at X kg per X heads in 2018, stabilizing at the previous year. Overall, the poultry yield continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. In that year, the poultry yield reached its peak level of X kg per X heads. From 2016 to 2018, the growth of the poultry yield remained at a lower figure.

In 2018, the number of animals slaughtered for poultry production in Cuba totaled X heads, approximately reflecting the previous year. This number increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the number of producing animals increased by X% year-to-year. The global number of animals slaughtered for poultry production peaked at X heads in 2011; however, from 2012 to 2018, producing animals stood at a somewhat lower figure.

Poultry Exports

Exports from Cuba

In 2018, the amount of poultry exported from Cuba stood at X tonnes, picking up by X% against the previous year. Overall, poultry exports, however, continue to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. Over the period under review, poultry exports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, poultry exports amounted to $X in 2018. In general, poultry exports, however, continue to indicate a deep shrinkage. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Cuba exports peaked at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.

Exports by Country

Brazil (X tonnes) and the U.S. (X tonnes) represented roughly X% of total exports of poultry in 2018. It was distantly followed by the Netherlands (X tonnes) and Poland (X tonnes), together making up a X% share of total exports. China, Hong Kong SAR (X tonnes), Belgium (X tonnes), Germany (X tonnes), Turkey (X tonnes), France (X tonnes), the UK (X tonnes), Ukraine (X tonnes) and Thailand (X tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while exports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), the U.S. ($X) and Poland ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by the Netherlands, Germany, China, Hong Kong SAR, France, Belgium, Thailand, Turkey, Ukraine, the UK and Cuba, which together accounted for a further X experienced the highest rates of growth with regard to market size, among the main exporting countries over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the poultry export price in Cuba amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the poultry export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2012 an increase of X% against the previous year. Over the period under review, the export prices for poultry attained their peak figure at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Thailand ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the other leaders experienced more modest paces of growth.

Poultry Imports

Imports into Cuba

In 2018, the imports of poultry into Cuba stood at X tonnes, leveling off at the previous year. Overall, the total imports indicated prominent growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, poultry imports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, poultry imports attained their peak figure at X tonnes in 2017, leveling off in the following year.

In value terms, poultry imports totaled $X in 2018. Overall, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, poultry imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Cuba imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

The imports of the twelve major importers of poultry, namely Mexico, China, Hong Kong SAR, Germany, Saudi Arabia, the Netherlands, Japan, Viet Nam, the UK, France, China, Iraq and the United Arab Emirates, represented more than third of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Iraq, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of imports in 2018, together accounting for X% of total imports. These countries were followed by Japan, China, Hong Kong SAR, France, Mexico, China, the Netherlands, Iraq, the United Arab Emirates, Viet Nam and Cuba, which together accounted for a further X recorded the highest rates of growth with regard to market size, among the main importing countries over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The poultry import price in Cuba stood at $X per tonne in 2018, going up by X% against the previous year. In general, the poultry import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when the import price increased by X% against the previous year. Over the period under review, the import prices for poultry reached their maximum at $X per tonne in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the UK ($X per tonne), while Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform