Cuba: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Cuba

In 2021, the Cuban decaffeinated or roasted coffee market decreased by -2.2% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption posted a resilient increase. Decaffeinated or roasted coffee consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Coffee (Decaffeinated or Roasted) in Cuba

In value terms, decaffeinated or roasted coffee production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 82%. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Cuba

Decaffeinated or roasted coffee exports from Cuba reduced markedly to X tons in 2021, which is down by -23.9% compared with 2020 figures. Over the period under review, exports saw a deep slump. The growth pace was the most rapid in 2017 when exports increased by 37%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, decaffeinated or roasted coffee exports fell to $X in 2021. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 35%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for decaffeinated or roasted coffee exports from Cuba, with a 49% share of total exports. Moreover, decaffeinated or roasted coffee exports to Canada exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.2% per year) and Saudi Arabia (+707.7% per year).

In value terms, Canada ($X) remains the key foreign market for coffee (decaffeinated or roasted) exports from Cuba, comprising 41% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+580.3% per year) and Germany (+1.4% per year).

Export Prices by Country

In 2021, the average decaffeinated or roasted coffee export price amounted to $X per ton, jumping by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Cuba

In 2021, purchases abroad of coffee (decaffeinated or roasted) increased by 31% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,613%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, decaffeinated or roasted coffee imports surged to $X in 2021. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 416% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) was the main supplier of decaffeinated or roasted coffee to Cuba, accounting for a 288% share of total imports. Moreover, decaffeinated or roasted coffee imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 23% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +61.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+115.2% per year) and the United States (+186.9% per year).

In value terms, Spain ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to Cuba, comprising 206% of total imports. The second position in the ranking was held by Italy ($X), with an 81% share of total imports. It was followed by Canada, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+86.7% per year) and Canada (-11.0% per year).

Import Prices by Country

The average decaffeinated or roasted coffee import price stood at $X per ton in 2021, reducing by -1.6% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 92%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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