Coconuts, Brazil nuts and cashews market in Cuba

Earlier Report Observations

The market for coconuts, Brazil nuts and cashews in Cuba experienced a pronounced contraction from 2018 to 2022, with its volume falling from 50 205 metric tons to 27 540 metric tons. This decline was driven primarily by a steady reduction in domestic production, which dropped from 50 146 tons to 27 519 tons over the same period, while imports remained minimal.

A notable recovery occurred in 2023, as the market volume expanded by 22% to 33 691 metric tons. This growth was supported by an increase in production to 33 600 tons and a rise in imports to 96 tons, marking the highest import level in the observed period.

In 2024, Cuba's Ministry of Agriculture issued Resolution 27/2024, updating phytosanitary import regulations for plants and plant-based products to protect national agriculture. The government also announced new economic measures for the year, including changes to exchange rate policy, which may affect the commercialization of these goods.

Production coconuts, Brazil nuts and cashews in Cuba

In kind, 2017-2020, t

Top producers of coconuts, Brazil nuts and cashews, 2017-2020

World map of production of coconuts, Brazil nuts and cashews, 2017-2020

Cuba's production of coconuts, Brazil nuts, and cashews declined for the third consecutive year. In 2020, the country produced 33 816 tonnes, marking a 19.3% decrease compared to 2019. From 2017 to 2020, production fell by 42.2%, which translates to an average annual decline of 16.7%.

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

Exports coconuts, Brazil nuts and cashews from Cuba

Market research indicates that Cuba did not export any coconuts, Brazil nuts, or cashews between 2017 and 2020.

Imports coconuts, Brazil nuts and cashews to Cuba

Imports in kind, kg

The import market for these nuts in Cuba showed significant volatility during this period. In 2019, imports reached their highest point at 82 049 kg, with a notable 40.5% increase that year. However, by 2020, imports dropped sharply to 21 173 kg, representing a 74.2% year-over-year decrease. This created a substantial swing, with 2020 levels being 3.9 times lower than the 2019 peak.

Annual dynamics of product's imports to Cuba in kind, 2017-2020, kg

From 2017 to 2020, Spain, the Philippines, and Indonesia were the leading suppliers of coconuts, Brazil nuts, and cashews to Cuba. Spain accounted for 51.0% of imports in kind, followed by the Philippines at 16.6% and Indonesia at 11.0%. Together, these three countries made up 78.7% of Cuba's total imports in this category.

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

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

Imports in value, K $ US

Cuba's imports of coconuts, Brazil nuts, and cashews in value terms declined for the second year in a row. In 2018, imports peaked at 293.7 thousand US dollars, with a modest 1.3% increase that year. By 2020, the import value had fallen to 111.5 thousand US dollars, a 61.3% drop compared to 2019. Overall, from 2017 to 2020, imports decreased by 61.5%, averaging an annual decline of 27.3%.

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

During the 2017–2020 period, Spain, the Philippines, and Italy were the primary sources for Cuba's imports of these nuts in value terms. Spain contributed 43.8% of the total import value, the Philippines accounted for 20.2%, and Italy made up 18.1%. Combined, these three countries represented 82.1% of Cuba's total import value for coconuts, Brazil nuts, and cashews.

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

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