Market research

Bananas market in Cuba, 2026

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2023, the Cuban banana market showed variable volume trends. Production initially rose to 283.0 thousand tonnes in 2019, then entered a phase of gradual decline, falling to 237.4 thousand tonnes by 2022.

A pronounced downturn occurred in 2023, when the market volume contracted sharply to 86.6 thousand tonnes. This drop of over 60% marked a significant reduction in the domestic supply of bananas compared to the preceding years.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Cuba
  1. 5.1.1. Annual dynamics of production in Cuba in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Cuba in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Cuba in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Cuba by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Cuba in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Cuba by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production bananas in Cuba

In kind, 2017-2020, K t

Top producers of bananas, 2017-2020

Source: SHEV.io

World map of production of bananas, 2017-2020

Source: SHEV.io

In 2020, Cuba produced 263.4 thousand tons of bananas, which represented a 6.9% decrease compared to the previous year. Over the period from 2017 to 2020, production declined by 10.9%, with a compound annual growth rate of -3.8%. The largest annual increase occurred in 2019 at 4.1%, while the most significant drop was recorded in 2018 at 8.0%.

Annual dynamics of production in Cuba in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(8.0%)	4.1%	(6.9%)	(3.8%)

Source: SHEV.io

Exports bananas from Cuba

Exports in kind, t

Annual dynamics of product's exports from Cuba in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2017 to 2020, Canada and Spain were the two dominant destinations for Cuba's banana exports in volume terms, together accounting for 100.0% of total flows. Canada held 87.3% of the share, while Spain made up the remaining 12.7%.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cuba in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Annual dynamics of product's exports from Cuba in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2017-2020 period, Canada and Spain formed a highly concentrated pair of markets for Cuba's banana exports in value terms, together representing 100.0% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Cuba in value, 2017-2020

Source: SHEV.io

Imports bananas to Cuba

Imports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Imports reached their lowest point in 2019 and peaked in 2018, showing a 101-fold variation between these years. In 2019, Cuba imported a total of {value_last_year} tons of bananas, representing a 99.0% contraction year-over-year. The maximum volume was recorded in 2018 at 161.4 tons, with the largest annual increase also occurring in 2018 at 20.1%.

Annual dynamics of product's imports to Cuba in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	20.1%	(99.0%)	n/a	-

Source: SHEV.io

Throughout 2017-2020, Colombia and Costa Rica remained the key partner countries for Cuba's banana imports in volume terms, with a combined share of 80.1% of total flows; other partners accounted for the remainder.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cuba in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Volatility characterized the market behavior during these years. The lowest value occurred in 2019, while the highest was reached in 2018, with a peak-to-trough ratio of 49 times. In 2019, Cuba imported a total of 3.3 thousand US dollars worth of bananas, showing a reduction of 98.0% compared with 2018. The maximum value was recorded in 2018 at 164.1 thousand US dollars, with the largest annual increase also in 2018 at 36.2%.

Annual dynamics of product's imports to Cuba in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	36.2%	(98.0%)	n/a	-

Source: SHEV.io

In 2017-2020, Colombia, Costa Rica, and Mexico formed the main cluster of markets for Cuba's banana imports in value terms, with a combined share of 98.8% of total flows. Colombia accounted for 57.0% of imports, Costa Rica for 22.7%, and Mexico for 19.2%.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Cuba in value, 2017-2020

Source: SHEV.io