Report Update Apr 1, 2024

Cuba - Poppy Seed - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Poppy Seed Market 2024

Poppy Seed Exports

Exports from Cuba

After two years of decline, shipments abroad of poppy seed decreased by 0% to X kg in 2019. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 250%. The exports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, poppy seed exports stood at $X in 2019. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 733% against the previous year. The exports peaked in 2019 and are likely to see gradual growth in the near future.

Exports by Country

The Dominican Republic (X kg) was the main destination for poppy seed exports from Cuba, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to the Dominican Republic was relatively modest.

From 2015 to 2019, the average annual growth rate of value to the Dominican Republic was relatively modest.

Export Prices by Country

In 2019, the average poppy seed export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price showed a significant increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 138%. Over the period under review, the average export prices reached the peak figure in 2019 and is expected to retain growth in years to come.

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

From 2015 to 2019, the rate of growth in terms of prices for Switzerland amounted to 0.0% per year.

Poppy Seed Imports

Imports into Cuba

In 2021, overseas purchases of poppy seed decreased by -69.8% to X kg for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2015 when imports increased by 300% against the previous year. As a result, imports attained the peak of X kg. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, poppy seed imports contracted rapidly to $X in 2021. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2019 with an increase of 203%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) was the main supplier of poppy seed to Cuba, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled -5.5%.

In value terms, Spain ($X) constituted the largest supplier of poppy seed to Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -4.7%.

Import Prices by Country

In 2021, the average poppy seed import price amounted to $X per ton, picking up by 3.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 75% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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 +0.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for poppy seed in the world?

The countries with the highest volumes of consumption in 2021 were China, Turkey and India, together comprising 41% of global consumption. Spain, Germany, Russia, Poland, Australia, Austria, the United States, Slovakia, Croatia and Ukraine lagged somewhat behind, together comprising a further 40%.

What are the largest producers of poppy seed in the world?

The countries with the highest volumes of production in 2021 were China, Turkey and the Czech Republic, with a combined 56% share of global production. These countries were followed by Spain, Australia, France, Hungary, the Netherlands, Croatia, Germany and Slovakia, which together accounted for a further 35%.

What are the leading suppliers of poppy seed to Cuba?

In value terms, Spain $287) constituted the largest supplier of poppy seed to Cuba.

What is the average export price for poppy seed in Cuba?

The average poppy seed export price stood at $5,913 per ton in 2019, approximately reflecting the previous year.

What is the average import price for poppy seed in Cuba?

In 2021, the average poppy seed import price amounted to $4,783 per ton, rising by 3.8% against the previous year.

This report provides an in-depth analysis of the poppy seed 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 296 - Poppy seed

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, HARVESTED AREA AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023