Venezuela - Chocolate And Other Food Preparations Containing Cocoa - Market Analysis, Forecast, Size, Trends And Insights
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View PricingChocolate Price in Venezuela - 2022
Contents:
- Chocolate Price in Venezuela (CIF) - 2022
- Chocolate Price in Venezuela (FOB) - 2022
- Chocolate Imports in Venezuela
- Chocolate Exports in Venezuela
Chocolate Price in Venezuela (CIF) - 2022
The average chocolate import price stood at $3,938 per ton in 2022, surging by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $4,495 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($8,573 per ton), while the price for Turkey ($1,813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Chocolate Price in Venezuela (FOB) - 2022
The average chocolate export price stood at $3,460 per ton in 2022, surging by 13% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 53%. As a result, the export price reached the peak level of $10,346 per ton. From 2019 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 Germany ($22,903 per ton), while the average price for exports to the United States stood at $3,377 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Chocolate Imports in Venezuela
In 2022, imports of chocolate and other food preparations containing cocoa into Venezuela was estimated at 222 tons, leveling off at 2021 figures. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -0.5% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 102%. As a result, imports attained the peak of 224 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, chocolate imports expanded slightly to $876K in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +25.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -4.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 107%. As a result, imports reached the peak of $916K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Chocolate in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 108 | 229 | 229 | 201 | 23.0% |
| Spain | 0.5 | 0.4 | 44.6 | 140 | 554.2% |
| Turkey | 15.9 | 56.3 | 97.3 | 74.9 | 67.6% |
| United States | 204 | 100 | 166 | 32.8 | -45.6% |
| Brazil | N/A | N/A | 20.7 | 22.2 | 7.2% |
| Italy | 1.1 | 148 | 1.3 | 19.8 | 162.1% |
| Colombia | N/A | N/A | 0.1 | 14.7 | 14600.0% |
| Portugal | N/A | 2.1 | N/A | 5.1 | 55.8% |
| Others | 113 | 380 | 276 | 365 | 47.8% |
| Total | 442 | 916 | 835 | 876 | 25.6% |
Top Suppliers of Chocolate to Venezuela in 2022:
- Belgium (56.6 tons)
- Turkey (41.3 tons)
- Spain (18.9 tons)
- United States (8.5 tons)
- Brazil (7.8 tons)
- Colombia (4.0 tons)
- Portugal (2.5 tons)
- Italy (2.3 tons)
Chocolate Exports in Venezuela
Chocolate exports from Venezuela shrank remarkably to 63 tons in 2022, waning by -39.1% against the previous year. Over the period under review, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 360% against the previous year. As a result, the exports reached the peak of 103 tons, and then contracted remarkably in the following year.
In value terms, chocolate exports dropped significantly to $218K in 2022. In general, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 167%. As a result, the exports reached the peak of $317K, and then declined dramatically in the following year.
| Export of Chocolate in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 217 | 75.5 | 311 | 212 | -0.8% |
| Colombia | N/A | 34.0 | N/A | N/A | 0% |
| Others | 16.9 | 9.0 | 6.2 | 6.1 | -28.8% |
| Total | 234 | 118 | 317 | 218 | -2.3% |
Top Export Markets for Chocolate from Venezuela in 2022:
- United States (62.6 tons)
This report provides an in-depth analysis of the chocolate 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 10822130 - Chocolate and other food preparations containing cocoa, in blocks, slabs or bars > 2 kg or in liquid, paste, powder, g ranular or other bulk form, in containers or immediate packings of a content > 2 kg, containing . .18 % by weight of
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
-
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
- 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 VOLUME AND VALUE
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
- 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
- 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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