Price for Flour and Meal; of Potatoes in Venezuela - 2022

Contents:

  1. Price for Flour and Meal; of Potatoes in Venezuela (CIF) - 2022
  2. Imports of Flour and Meal; of Potatoes in Venezuela

Price for Flour and Meal; of Potatoes in Venezuela (CIF) - 2022

The average import price for flour and meal; of potatoeses stood at $1,371 per ton in 2022, jumping by 27% against the previous year. Overall, the import price, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 an increase of 49% against the previous year. Over the period under review, average import prices hit record highs at $5,553 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the United States ($1,600 per ton), while the price for Chile ($690 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Flour and Meal; of Potatoes in Venezuela

In 2022, the amount of flour and meal; of potatoeses imported into Venezuela skyrocketed to 139 tons, growing by 128% on 2021. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,194% against the previous year. As a result, imports reached the peak of 213 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, flour and meal; of potatoes imports surged to $190K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 816%. As a result, imports reached the peak of $315K. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Flour and Meal; of Potatoes in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Trinidad and Tobago11.326.917.582.493.9%
United States11.426.717.078.690.3%
Chile9.612.928.318.524.4%
Lebanon0.62.72.510.3158.0%
GuyanaN/A222N/AN/A0%
Others1.623.3N/A0.1-60.3%
Total34.431565.319076.8%

Top Suppliers of Flour and Meal; of Potatoes to Venezuela in 2022:

  1. Trinidad and Tobago (54.6 tons)
  2. United States (49.1 tons)
  3. Chile (26.9 tons)
  4. Lebanon (8.0 tons)

Source: IndexBox Market Intelligence Platform

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