Report Update Apr 1, 2024

Cuba - Cocoa Powder (Not Sweetened) - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Cocoa Powder Market 2024

Cocoa Powder Market Size in Cuba

The Cuban cocoa powder market contracted rapidly to $X in 2021, waning by -36.6% against the previous year. Over the period under review, consumption faced a abrupt decrease. Cocoa powder consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Cocoa Powder Production in Cuba

In value terms, cocoa powder production contracted to $X in 2021 estimated in export price. In general, production, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2013 with an increase of 97% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

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Cocoa Powder Exports

Exports from Cuba

For the fifth consecutive year, Cuba recorded growth in shipments abroad of cocoa powder (not sweetened), which increased by 963% to X tons in 2021. Over the period under review, exports showed a significant increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, cocoa powder exports soared to $X in 2021. Overall, exports recorded a significant increase. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for cocoa powder exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +963.2%.

In value terms, Spain ($X) also remains the key foreign market for cocoa powder exports from Cuba.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain totaled +814.7%.

Export Prices by Country

The average cocoa powder export price stood at $X per ton in 2021, dropping by -14% against the previous year. Over the period under review, the export price showed a deep slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, 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 -14.0% per year.

Cocoa Powder Imports

Imports into Cuba

Cocoa powder imports into Cuba declined notably to X tons in 2021, shrinking by -67.4% against 2020. Overall, imports faced a dramatic contraction. The pace of growth appeared the most rapid in 2016 with an increase of 35% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, cocoa powder imports contracted significantly to $X in 2021. Over the period under review, imports recorded a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 71% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Ecuador (X tons) and Italy (X tons) were the main suppliers of cocoa powder imports to Cuba, together accounting for 100% of total imports.

From 2012 to 2021, the biggest increases were in Ecuador (with a CAGR of -6.4%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of cocoa powder to Cuba, comprising 67% of total imports. The second position in the ranking was taken by Ecuador ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-13.4% per year) and Italy (-20.1% per year).

Import Prices by Country

The average cocoa powder import price stood at $X per ton in 2021, rising by 32% against the previous year. In general, the import price, however, saw a abrupt contraction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa powder (not sweetened) in the world?

China remains the largest cocoa powder consuming country worldwide, accounting for 18% of total volume. Moreover, cocoa powder consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 6% share.

What are the largest producers of cocoa powder (not sweetened) in the world?

The countries with the highest volumes of production in 2021 were China, the Netherlands and Brazil, together accounting for 30% of global production.

What are the leading suppliers of cocoa powder (not sweetened) to Cuba?

In value terms, China constituted the largest supplier of cocoa powder to Cuba, comprising 67% of total imports. The second position in the ranking was taken by Ecuador, with a 30% share of total imports.

What are the leading importers of cocoa powder (not sweetened) from Cuba?

In value terms, Spain remains the key foreign market for cocoa powder exports from Cuba.

What is the average export price for cocoa powder (not sweetened) in Cuba?

In 2021, the average cocoa powder export price amounted to $1,984 per ton, falling by -14% against the previous year.

What is the average import price for cocoa powder (not sweetened) in Cuba?

The average cocoa powder import price stood at $2,991 per ton in 2021, with an increase of 32% against the previous year.

This report provides an in-depth analysis of the cocoa powder 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 665 - Cocoa Powder and Cake

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023