Liqueurs and Cordials Price in Venezuela - 2022
Contents:
- Liqueurs and Cordials Price in Venezuela (CIF) - 2022
- Liqueurs and Cordials Price in Venezuela (FOB) - 2022
- Liqueurs and Cordials Imports in Venezuela
- Liqueurs and Cordials Exports in Venezuela
Liqueurs and Cordials Price in Venezuela (CIF) - 2022
In 2022, the average liqueurs and cordials import price amounted to $7.3 per litre, with an increase of 3.8% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, liqueurs and cordials import price increased by +35.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 33%. The import price peaked in 2022 and is likely to continue growth in the near future.
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 France ($18 per litre), while the price for the UK ($5.2 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Liqueurs and Cordials Price in Venezuela (FOB) - 2022
The average liqueurs and cordials export price stood at $7.3 per litre in 2022, picking up by 57% against the previous year. In general, the export price saw a notable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices hit record highs at $14 per litre in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($20 per litre), while the average price for exports to Colombia ($1 per litre) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Liqueurs and Cordials Imports in Venezuela
Liqueurs and cordials imports into Venezuela reduced remarkably to 132K litres in 2022, falling by -19.9% on the previous year. Overall, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +3.8% 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 increased by +23.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of 165K litres, and then fell markedly in the following year.
In value terms, liqueurs and cordials imports shrank significantly to $966K in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 increased by +51.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. As a result, imports attained the peak of $1.2M, and then declined remarkably in the following year.
| Import of Liqueurs and Cordials in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Suriname | 7.3 | 52.1 | 152 | 295 | 243.2% |
| Spain | 1.9 | 66.8 | 281 | 112 | 289.2% |
| United Kingdom | 49.0 | 17.9 | 90.7 | 106 | 29.3% |
| Italy | 54.2 | 20.7 | 54.9 | 59.7 | 3.3% |
| South Africa | N/A | N/A | 115 | 51.7 | -55.0% |
| France | 0.4 | 0.7 | 10.4 | 50.5 | 401.7% |
| Germany | 46.1 | 0.8 | 17.6 | 20.7 | -23.4% |
| Panama | 237 | 461 | N/A | N/A | 94.5% |
| Others | 242 | 151 | 440 | 271 | 3.8% |
| Total | 638 | 770 | 1,162 | 966 | 14.8% |
Top Suppliers of Liqueurs and Cordials to Venezuela in 2022:
- Suriname (29.5K litres)
- United Kingdom (20.4K litres)
- Spain (20.0K litres)
- Italy (7.8K litres)
- South Africa (7.3K litres)
- France (2.8K litres)
- Germany (2.7K litres)
Liqueurs and Cordials Exports in Venezuela
Liqueurs and cordials exports from Venezuela reduced sharply to 80K litres in 2022, dropping by -49.8% against 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 148% against the previous year. As a result, the exports reached the peak of 160K litres, and then plummeted in the following year.
In value terms, liqueurs and cordials exports fell rapidly to $588K in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75%. As a result, the exports reached the peak of $748K, and then reduced sharply in the following year.
| Export of Liqueurs and Cordials in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 272 | 285 | 289 | 453 | 18.5% |
| South Korea | 5.8 | 32.1 | 111 | 60.5 | 118.5% |
| Peru | 150 | 102 | 162 | 32.3 | -40.1% |
| Colombia | N/A | N/A | N/A | 22.4 | 0% |
| Ecuador | N/A | N/A | 93.4 | 17.4 | -81.4% |
| Others | 26.2 | 8.5 | 93.2 | 1.6 | -60.6% |
| Total | 454 | 427 | 748 | 588 | 9.0% |
Top Export Markets for Liqueurs and Cordials from Venezuela in 2022:
- United States (22.4K litres)
- Colombia (22.2K litres)
- Peru (20.6K litres)
- Ecuador (8.4K litres)
- South Korea (6.5K litres)
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