Report Update: May 1, 2024

Venezuela - Breakfast Cereals - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Breakfast Cereal Price in Venezuela - 2022

Breakfast Cereal Price in Venezuela (CIF) - 2022

In 2022, the average breakfast cereal import price amounted to $2,760 per ton, rising by 25% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. The import price peaked at $3,554 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($4,017 per ton), while the price for Turkey ($1,112 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.9%), while the prices for the other major suppliers experienced a decline.

Breakfast Cereal Price in Venezuela (FOB) - 2022

The average breakfast cereal export price stood at $2,785 per ton in 2022, increasing by 65% against the previous year. Over the period under review, the export price showed prominent growth. The growth pace was the most rapid in 2015 an increase of 141%. As a result, the export price reached the peak level of $4,270 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($5,153 per ton), while the average price for exports to the United States amounted to $2,154 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports in Venezuela

In 2022, approx. 1.7K tons of breakfast cereals were imported into Venezuela; with an increase of 117% compared with the previous year. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, breakfast cereal imports soared to $4.8M in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Breakfast Cereal in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Colombia	190	147	196	2,446	134.4%
United States	696	2,555	903	939	10.5%
China	N/A	4.9	7.9	553	962.3%
Brazil	6.3	84.4	162	278	253.4%
Turkey	42.8	140	92.7	156	53.9%
Chile	N/A	9.2	27.4	90.2	213.1%
Lebanon	161	79.7	72.5	28.0	-44.2%
Dominican Republic	232	3.5	0.1	N/A	-97.9%
Others	368	362	314	326	-4.0%
Total	1,695	3,386	1,776	4,815	41.6%

Top Suppliers of Breakfast Cereal to Venezuela in 2022:

Colombia (608.8 tons)
United States (362.5 tons)
China (181.3 tons)
Turkey (140.2 tons)
Brazil (91.4 tons)
Chile (31.8 tons)
Lebanon (10.5 tons)

Breakfast Cereal Exports in Venezuela

In 2022, shipments abroad of breakfast cereals decreased by -87.1% to 4.6 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 83%.

In value terms, breakfast cereal exports declined remarkably to $13K in 2022. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 111%. As a result, the exports attained the peak of $133K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Breakfast Cereal in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	49.7	33.9	7.9	-60.1%
Canada	4.4	12.2	7.9	5.0	4.4%
Peru	N/A	33.8	N/A	N/A	0%
Senegal	3.8	N/A	N/A	N/A	0%
Panama	N/A	17.5	18.8	N/A	7.4%
Chile	20.0	12.4	N/A	N/A	-38.0%
Bolivia	15.4	N/A	N/A	N/A	0%
Others	19.4	7.4	0.1	N/A	-92.8%
Total	63.0	133	60.6	12.9	-41.1%

Top Export Markets for Breakfast Cereal from Venezuela in 2022:

United States (3.6 tons)
Canada (1.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the breakfast cereal 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:

Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023