Report Update Apr 1, 2024

Cuba - Primary Fiber Crops - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in Cuba

After three years of growth, the Cuban primary fiber crops market decreased by -5.1% to $X in 2021. Over the period under review, consumption saw a noticeable slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Primary Fiber Crops Production in Cuba

In value terms, primary fiber crops production dropped to $X in 2021 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +49.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39%. Primary fiber crops production peaked at $X in 2020, and then declined in the following year.

Primary Fiber Crops Exports

Exports from Cuba

In 2021, primary fiber crops exports from Cuba plummeted to X kg, which is down by -18.2% compared with the previous year's figure. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2018 when exports increased by 4,980% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, primary fiber crops exports shrank slightly to $X in 2021. Overall, exports faced a sharp reduction. The growth pace was the most rapid in 2018 with an increase of 759% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for primary fiber crops exports from Cuba, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -16.8%.

In value terms, Chile ($X) emerged as the key foreign market for fiber crops (primary) exports from Cuba, comprising 50% of total exports. The second position in the ranking was taken by France ($X), with a 0.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled -3.0%.

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2021, surging by 18% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of 754%. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Chile amounted to +16.6% per year.

Primary Fiber Crops Imports

Imports into Cuba

In 2021, primary fiber crops imports into Cuba contracted to X tons, which is down by -2% on the previous year. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, primary fiber crops imports fell to $X in 2021. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 38%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bangladesh (X tons) constituted the largest supplier of primary fiber crops to Cuba, with a 44% share of total imports. Moreover, primary fiber crops imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Mexico (X tons), tenfold. Brazil (X tons) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from Bangladesh stood at -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-7.0% per year) and Brazil (-29.4% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of fiber crops (primary) to Cuba, comprising 41% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.5% share of total imports. It was followed by Mexico, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Bangladesh stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-34.3% per year) and Mexico (-17.3% per year).

Import Prices by Country

In 2021, the average primary fiber crops import price amounted to $X per ton, with a decrease of -3.2% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fiber crops (primary) in the world?

The countries with the highest volumes of consumption in 2021 were China, India and Pakistan, together accounting for 55% of global consumption. These countries were followed by the United States, Turkey, Bangladesh, Uzbekistan, Vietnam, Brazil and Indonesia, which together accounted for a further 29%.

What are the largest producers of fiber crops (primary) in the world?

The countries with the highest volumes of production in 2021 were India, China and the United States, together accounting for 60% of global production. These countries were followed by Brazil, Pakistan, Uzbekistan, Turkey, Australia and Greece, which together accounted for a further 23%.

What are the leading suppliers of fiber crops (primary) to Cuba?

In value terms, Bangladesh constituted the largest supplier of fiber crops primary) to Cuba, comprising 41% of total imports. The second position in the ranking was held by the United States, with a 4.5% share of total imports. It was followed by Mexico, with a 2.2% share.

What are the leading importers of fiber crops (primary) from Cuba?

In value terms, Chile $128) emerged as the key foreign market for fiber crops primary) exports from Cuba, comprising 50% of total exports. The second position in the ranking was held by France $1), with a 0.4% share of total exports.

What is the average export price for fiber crops (primary) in Cuba?

In 2021, the average primary fiber crops export price amounted to $14,333 per ton, jumping by 18% against the previous year.

What is the average import price for fiber crops (primary) in Cuba?

In 2021, the average primary fiber crops import price amounted to $897 per ton, which is down by -3.2% against the previous year.

This report provides an in-depth analysis of the primary fiber crops 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.

Product coverage:

FCL 767 - Cotton Lint
FCL 328 - [Seed Cotton]
FCL 773 - Flax fibre and tow
FCL 777 - Hemp fibre and tow
FCL 780 - Jute
FCL 782 - Jute-like fibres
FCL 809 - Abaca manila hemp
FCL 800 - Agave fibres nes
FCL 310 -
FCL 821 - Fibre crops nes
FCL 788 - Ramie
FCL 789 - Sisal

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023