
Cuba - Shelled Hazelnuts - Market Analysis, Forecast, Size, Trends and Insights
Cuba: Shelled Hazelnut Market 2022
Shelled Hazelnut Market Size in Cuba
After nine years of growth, the Cuban shelled hazelnut market decreased by -1.7% to $X in 2021. The market value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then fell in the following year.
Shelled Hazelnut Imports
Imports into Cuba
In 2021, after eight years of decline, there was growth in overseas purchases of shelled hazelnuts, when their volume increased by 0.4% to X kg. Over the period under review, imports, however, saw a perceptible descent. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.
In value terms, shelled hazelnut imports contracted modestly to $X in 2021. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 4.3% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then declined in the following year.
Imports by Country
In 2021, Spain (X kg) was the main shelled hazelnut supplier to Cuba, with a approx. 100% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to -2.0%.
In value terms, Spain ($X) constituted the largest supplier of shelled hazelnut to Cuba.
From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +3.0%.
Import Prices by Country
The average shelled hazelnut import price stood at $X per ton in 2021, falling by -2.1% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, shelled hazelnut import price increased by +56.8% against 2012 indices. The growth pace was the most rapid in 2015 when the average import price increased by 6.4%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted modestly in the following year.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +5.1% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the shelled hazelnut 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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