Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela - 2022

Contents:

  1. Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela (CIF) - 2022
  2. Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela

Price for Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela (CIF) - 2022

The average import price for bovine animals; live, other than pure-bred breeding animalses stood at $1,616 per unit in 2022, with a decrease of -3.1% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for bovine animals; live, other than pure-bred breeding animalses increased by +51.8% against 2014 indices. The growth pace was the most rapid in 2021 when the average import price increased by 6.6% against the previous year. As a result, import price reached the peak level of $1,667 per unit, and then contracted slightly in the following year.

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 Colombia ($2,969 per unit), while the price for Brazil ($961 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela

After three years of growth, supplies from abroad of bovine animals; live, other than pure-bred breeding animalses decreased by -0.8% to 360K units in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1.7%. Over the period under review, imports of attained the peak figure at 363K units in 2021, and then declined slightly in the following year.

In value terms, imports of bovine animals; live, other than pure-bred breeding animalses shrank modestly to $581M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 8.4%. Over the period under review, imports of reached the maximum at $604M in 2021, and then fell in the following year.

Import of Bovine Animals; Live, Other than Pure-Bred Breeding Animals in Venezuela (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia2552853193157.3%
Brazil227234240218-1.3%
Nicaragua31.938.045.147.314.0%
OthersN/AN/AN/AN/A0%
Total5145576045814.2%

Top Suppliers of Bovine Animals; Live, Other than Pure-Bred Breeding Animals to Venezuela in 2022:

  1. Brazil (227.2K units)
  2. Colombia (106.2K units)
  3. Nicaragua (26.1K units)

Source: IndexBox Market Intelligence Platform

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