Cuba: Vegetable Market 2022

Vegetable Market Size in Cuba

The Cuban vegetable market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Vegetable consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Vegetable Production in Cuba

In value terms, vegetable production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 48%. Vegetable production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

The average yield of vegetables in Cuba expanded to X tons per ha in 2021, picking up by 4.5% on the year before. The yield figure increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 22%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2021, the growth of the average vegetable yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of vegetables were harvested in Cuba; growing by 5.5% compared with the previous year's figure. In general, the harvested area, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2017 when the harvested area increased by 11% against the previous year. The vegetable harvested area peaked at X ha in 2013; however, from 2014 to 2021, the harvested area remained at a lower figure.

Vegetable Exports

Exports from Cuba

In 2021, overseas shipments of vegetables were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports saw a mild increase. The pace of growth was the most pronounced in 2018 when exports increased by 92%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, vegetable exports expanded remarkably to $X in 2021. In general, exports posted strong growth. The growth pace was the most rapid in 2015 when exports increased by 89%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Jamaica (X tons) and France (X tons) were the main destinations of vegetable exports from Cuba, together accounting for 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +42.7%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for vegetable exported from Cuba were Canada ($X), France ($X) and the Netherlands ($X), together accounting for 95% of total exports.

Among the main countries of destination, France, with a CAGR of +51.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vegetable export price amounted to $X per ton, surging by 3.8% against the previous year. Overall, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 131%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to Jamaica ($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 Canada (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Cuba

In 2021, approx. X tons of vegetables were imported into Cuba; rising by 50% against the year before. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 142%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, vegetable imports surged to $X in 2021. In general, imports, however, showed a mild contraction. The pace of growth was the most pronounced in 2014 with an increase of 130% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of vegetable to Cuba, with a 82% share of total imports. Moreover, vegetable imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -2.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of vegetable to Cuba, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to -2.3%.

Import Prices by Country

The average vegetable import price stood at $X per ton in 2021, shrinking by -3.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 7% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.1%).

Source: IndexBox Platform

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