Cuba: Market for Wheat and Meslin Flour 2022

Market Size for Wheat and Meslin Flour in Cuba

In 2021, after three years of growth, there was decline in the Cuban wheat and meslin flour market, when its value decreased by -X% to $X. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Wheat and Meslin Flour in Cuba

In value terms, wheat and meslin flour production declined to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. Wheat and meslin flour production peaked at $X in 2020, and then shrank slightly in the following year.

Imports of Wheat and Meslin Flour

Imports into Cuba

In 2021, after four years of growth, there was decline in purchases abroad of wheat and meslin flour, when their volume decreased by -X% to X tons. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2020, and then declined modestly in the following year.

In value terms, wheat and meslin flour imports contracted slightly to $X in 2021. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2020, and then contracted slightly in the following year.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of wheat and meslin flour to Cuba, accounting for a X% share of total imports. It was followed by Portugal (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and Spain (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of wheat and meslin flour to Cuba, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+X% per year) and Spain (-X% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2021, waning by -X% against the previous year. Overall, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform