Earlier Report Observations
The coconut market volume in Cuba contracted sharply from 50 thousand t in 2018 to 28 thousand t in 2022. This decline was initiated by constraints in the agricultural sector, which faced difficulties accessing imported inputs like seeds and fertilizers, coupled with insufficient machinery and equipment, limiting production and market supply.
In 2023, the market rebounded to 34 thousand t, a 22% increase from the previous year. This recovery occurred amid a challenging economic environment where Cuba's GDP shrank by 1-2%, the COVID-19 pandemic imposed additional costs, and food inflation was driven by domestic production shortages and expensive transportation. For 2024, ongoing technical and fuel limitations, along with external factors such as the economic blockade and high global food prices, continue to affect agricultural production and distribution.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Cuba
- 5.1.1. Annual dynamics of production in Cuba in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Cuba in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Cuba
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Cuba in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Cuba by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Cuba in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Cuba by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Cuba, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Cuba by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data*)
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7. Exports
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7.1. Exports (Direct Data*)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, kg
- 7.1.2.1. Annual dynamics of product's exports from Cuba in kind, 2018-2024, kg
- 7.1.2.2. Dynamics of product's exports in kind from Cuba by countries, 2018-2024, kg
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, kg
- 7.2.2.1. Annual dynamics of product's exports from Cuba in kind, 2018-2024, kg
- 7.2.2.2. Dynamics of product's exports in kind from Cuba by countries, 2018-2024, kg
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Cuba in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Cuba by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Cuba, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Cuba by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data*)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, kg
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, kg
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production coconuts in Cuba
In kind, 2017-2020, t
Top producers of coconuts, 2017-2020
World map of production of coconuts, 2017-2020
Cuba's coconut production declined for the third consecutive year. In 2020, the country produced 33,816 tonnes of coconuts, marking a significant 19.3% decrease compared to 2019. Between 2017 and 2020, production fell by 42.2%, which translates to an annualized decline of 16.7%.
Annual dynamics of production in Cuba in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (14.4%) | (16.4%) | (19.3%) | (16.7%) |
Exports coconuts from Cuba
In the sector analysis, it was found that Cuba did not export any coconuts from 2017 to 2020.
Imports coconuts to Cuba
Imports in kind, kg
The market showed considerable volatility during this period. Import volumes reached their lowest point in 2020 and peaked in 2019, with a 3.7-fold difference between these years. In 2020, Cuba imported 20,553 kg of coconuts, which is 72.9% less than in 2019. The maximum volume was recorded in 2019 at 75,809 kg, with the largest increase of 48.1% also occurring that year.
Annual dynamics of product's imports to Cuba in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 1.4% | 48.1% | (72.9%) | (25.9%) |
From 2017 to 2020, Spain, the Philippines, and Indonesia were the largest suppliers of coconuts to Cuba, accounting for 44.4%, 19.0%, and 12.6% of imports in kind, respectively. Together, these three countries made up 76.0% of total imports in kind.
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
After two years of growth, Cuba's coconut import volume declined. In 2020, imports amounted to 108.4 thousand US dollars, representing a sharp 58.3% decrease compared to the previous year. Between 2017 and 2020, imports fell by 51.1%, equivalent to an annualized decline of 21.2%. The maximum value was recorded in 2019 at 260.3 thousand US dollars, with the largest increase of 14.5% occurring in 2018.
Annual dynamics of product's imports to Cuba in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 14.5% | 2.4% | (58.3%) | (21.2%) |
From 2017 to 2020, Spain, the Philippines, and Italy were the main sources of imports in value terms, contributing 36.3%, 23.5%, and 21.0% of total imports, respectively. Together, these three markets accounted for 80.9% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Cuba in value, 2017-2020
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