Venezuela - Sweet Potato - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVenezuela: Sweet Potato Market 2024
Sweet Potato Market Size in Venezuela
The Venezuelan sweet potato market totaled $X in 2023, remaining stable against the previous year. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.
Sweet Potato Production in Venezuela
In value terms, sweet potato production totaled $X in 2023 estimated in export price. In general, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Sweet potato production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.
The average yield of sweet potatoes in Venezuela was estimated at X tons per ha in 2023, approximately reflecting the year before. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2023, the growth of the average sweet potato yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2023, the harvested area of sweet potatoes in Venezuela shrank slightly to X ha, with a decrease of X% on the year before. Over the period under review, the total harvested area indicated a pronounced expansion from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, sweet potato harvested area increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2018 to 2023, the growth of the sweet potato harvested area remained at a lower figure.
Sweet Potato Exports
Exports from Venezuela
In 2023, after five years of decline, there was significant growth in shipments abroad of sweet potatoes, when their volume increased by X% to X kg. In general, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X kg. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, sweet potato exports rose notably to $X in 2023. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.
Exports by Country
Aruba (X kg) was the main destination for sweet potato exports from Venezuela, accounting for a approx. X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to Aruba amounted to X%.
In value terms, Aruba ($X) also remains the key foreign market for sweet potatoes exports from Venezuela.
From 2012 to 2023, the average annual rate of growth in terms of value to Aruba stood at X%.
Export Prices by Country
In 2023, the average sweet potato export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2012 to 2023, the rate of growth in terms of prices for Aruba amounted to X% per year.
Sweet Potato Imports
Imports into Venezuela
In 2023, after two years of decline, there was significant growth in supplies from abroad of sweet potatoes, when their volume increased by X% to X tons. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.
In value terms, sweet potato imports soared to $X in 2023. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.
Imports by Country
In 2023, the United States (X tons) was the main supplier of sweet potato to Venezuela, accounting for a approx. X% share of total imports.
From 2012 to 2023, the average annual growth rate of volume from the United States totaled X%.
In value terms, the United States ($X) constituted the largest supplier of sweet potatoes to Venezuela.
From 2012 to 2023, the average annual rate of growth in terms of value from the United States totaled X%.
Import Prices by Country
The average sweet potato import price stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the sweet potato market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 122 - Sweet potatoes
Country coverage:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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