Cassava Market Overview in Cuba
In value terms, cassava production stood at $ in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to 2019, production stood at a somewhat lower figure.
The average yield of cassava in Cuba fell to tonnes per ha in 2019, remaining relatively unchanged against 2018. Over the period under review, the yield showed a slight setback. The most prominent rate of growth was recorded in 2015 when the yield increased by % year-to-year. As a result, the yield reached the peak level of tonnes per ha. From 2016 to 2019, the growth of the average cassava yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
The cassava harvested area in Cuba rose rapidly to ha in 2019, growing by % against the previous year. In general, the harvested area enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to cassava production reached the maximum in 2019 and is expected to retain growth in years to come.
The revenue of the cassava market in Cuba reached $ in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed buoyant growth. The most prominent rate of growth was recorded in 2015 when the market value increased by % year-to-year. Over the period under review, the market hit record highs in 2019 and is likely to see gradual growth in years to come.