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Cuba - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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Cuba: Sweet Potato Market Overview 2020

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Sweet Potato Market Size in Cuba

The revenue of the sweet potato market in Cuba amounted to $X in 2018, waning by -X% against the previous year. Over the period under review, sweet potato consumption continues to indicate mild growth. The most prominent rate of growth was recorded in 2014 when the market value increased by X% against the previous year. In that year, the sweet potato market reached its peak level of $X. From 2015 to 2018, the growth of the sweet potato market remained at a lower figure.

Sweet Potato Production in Cuba

In value terms, sweet potato production totaled $X in 2018 estimated in export prices. Overall, sweet potato production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when production volume increased by X% against the previous year. In that year, sweet potato production attained its peak level of $X. From 2015 to 2018, sweet potato production growth remained at a lower figure.

In 2018, the average sweet potato yield in Cuba stood at X tonne per ha, increasing by X% against the previous year. In general, the sweet potato yield continues to indicate remarkable growth. The pace of growth was the most pronounced in 2014 when yield increased by X% against the previous year. In that year, the sweet potato yield reached its peak level of X tonne per ha. From 2015 to 2018, the growth of the sweet potato yield failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2018, the harvested area of sweet potato in Cuba stood at X ha, declining by -X% against the previous year. Overall, the sweet potato harvested area continues to indicate a pronounced deduction. The growth pace was the most rapid in 2015 when harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to sweet potato production reached its maximum at X ha in 2010; however, from 2011 to 2018, harvested area failed to regain its momentum.

Sweet Potato Exports

Exports from Cuba

In 2018, approx. X kg of sweet potato were exported from Cuba; picking up by X% against the previous year. In general, sweet potato exports, however, continue to indicate a drastic decline. The growth pace was the most rapid in 2016 when exports increased by X% year-to-year. Cuba exports peaked at X tonnes in 2009; however, from 2010 to 2018, exports stood at a somewhat lower figure.

In value terms, sweet potato exports totaled $X in 2018. Overall, sweet potato exports, however, continue to indicate a deep decrease. The pace of growth was the most pronounced in 2012 when exports decreased by -X% y-o-y. Over the period under review, sweet potato exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

The U.S. represented the largest exporter of sweet potato in the world, with the volume of exports resulting at X tonnes, which was near X% of total exports in 2018. The Netherlands (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by China (X%), Egypt (X%) and Spain (X%). The following exporters - Honduras (X tonnes), Viet Nam (X tonnes), Lao People's Democratic Republic (X tonnes) and the UK (X tonnes) - together made up X% of total exports.

Exports from the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, the Netherlands (+X%), Spain (+X%), Lao People's Democratic Republic (+X%), the UK (+X%), Egypt (+X%), Honduras (+X%), Viet Nam (+X%) and China (+X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. While the share of the U.S. (+X p.p.), the Netherlands (+X p.p.), Spain (+X p.p.), Egypt (+X p.p.), China (+X p.p.), Honduras (+X p.p.), Lao People's Democratic Republic (+X p.p.), the UK (+X p.p.) and Viet Nam (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2018, together accounting for X% of total exports.

In terms of the main exporting countries, Spain experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The sweet potato export price in Cuba stood at $X per tonne in 2018, falling by -X% against the previous year. Overall, the sweet potato export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2014 an increase of X% year-to-year. In that year, the export prices for sweet potato reached their peak level of $X per tonne. From 2015 to 2018, the growth in terms of the export prices for sweet potato failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Viet Nam ($X per tonne), while the U.S. ($X per tonne) was amongst the lowest.

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

Sweet Potato Imports

Imports by Country

The UK (X tonnes) and the Netherlands (X tonnes) represented roughly X% of total imports of sweet potato in 2018. Canada (X tonnes) ranks next in terms of the total imports with a X% share, followed by France (X%), Belgium (X%) and Germany (X%). Thailand (X tonnes), Japan (X tonnes), the U.S. (X tonnes) and Malaysia (X tonnes) followed a long way behind the leaders.

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

In value terms, the largest sweet potato importing markets into Cuba were the UK ($X), the Netherlands ($X) and Canada ($X), with a combined X% share of total imports. These countries were followed by France, Germany, Belgium, Japan, the U.S., Thailand and Malaysia, which together accounted for a further X recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The sweet potato import price in Cuba stood at $X per tonne in 2018, remaining relatively unchanged against the previous year. Overall, the sweet potato import price continues to indicate a relatively flat trend pattern. Cuba import price peaked at $X per tonne in 2007; however, from 2008 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while Malaysia ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Product coverage:
• FCL 122 - Sweet potatoes

This report provides an in-depth analysis of the sweet 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 2030.


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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
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, 2007–2019
Figure 22:
Production, In Value Terms, 2007–2019
Figure 23:
Area Harvested, 2007–2019
Figure 24:
Yield, 2007–2019
Figure 25:
Imports, In Physical Terms, 2007–2019
Figure 26:
Imports, In Value Terms, 2007–2019
Figure 27:
Imports, In Physical Terms, By Country, 2019
Figure 28:
Imports, In Physical Terms, By Country, 2007–2019
Figure 29:
Imports, In Value Terms, By Country, 2007–2019
Figure 30:
Import Prices, By Country Of Origin, 2007–2019
Figure 31:
Exports, In Physical Terms, 2007–2019
Figure 32:
Exports, In Value Terms, 2007–2019
Figure 33:
Exports, In Physical Terms, By Country, 2019
Figure 34:
Exports, In Physical Terms, By Country, 2007–2019
Figure 35:
Exports, In Value Terms, By Country, 2007–2019
Figure 36:
Export Prices, By Country Of Destination, 2007–2019

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