Cuba: Market for Grapefruit Juice (Single Strength) 2024

Market Size for Grapefruit Juice (Single Strength) in Cuba

In 2021, the Cuban grapefruit juice (single strength) market increased by 11% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Grapefruit Juice (Single Strength) in Cuba

In value terms, grapefruit juice (single strength) production declined to $X in 2021 estimated in export price. In general, production, however, faced a drastic downturn. The pace of growth was the most pronounced in 2020 when the production volume increased by 13%. Grapefruit juice (single strength) production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Grapefruit Juice (Single Strength)

Exports from Cuba

In 2021, overseas shipments of grapefruit juice (single strength) decreased by -47% to X tons, falling for the third year in a row after three years of growth. Overall, exports recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 501%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, grapefruit juice (single strength) exports reduced notably to $X in 2021. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 240% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Switzerland (X tons) and the Netherlands (X tons) were the main destinations of grapefruit juice (single strength) exports from Cuba, with a combined 62% share of total exports. Slovenia and Romania lagged somewhat behind, together accounting for a further 6.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of -8.2%), while the other leaders experienced a decline.

In value terms, Switzerland ($X), Germany ($X) and Slovenia ($X) appeared to be the largest markets for grapefruit juice (single strength) exported from Cuba worldwide, with a combined 70% share of total exports.

Slovenia, with a CAGR of -1.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average grapefruit juice (single strength) export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 an increase of 26%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Romania ($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 Slovenia (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Grapefruit Juice (Single Strength)

Imports into Cuba

Grapefruit juice (single strength) imports into Cuba shrank dramatically to X tons in 2021, with a decrease of -20.3% against the previous year's figure. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 505%. Imports peaked at X tons in 2020, and then dropped markedly in the following year.

In value terms, grapefruit juice (single strength) imports declined notably to $X in 2021. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 680% against the previous year. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest grapefruit juice (single strength) supplier to Cuba, with a 49% share of total imports. It was followed by Belgium (X kg), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +24.0%.

In value terms, Spain ($X) constituted the largest supplier of grapefruit juice (single strength) to Cuba, comprising 49% of total imports. The second position in the ranking was taken by Belgium ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +23.6%.

Import Prices by Country

The average grapefruit juice (single strength) import price stood at $X per ton in 2021, declining by -45.7% against the previous year. Overall, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 89% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.3%).

Source: IndexBox Platform

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