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Venezuela - Avocados - Market Analysis, Forecast, Size, Trends and Insights
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Venezuela: Avocado Market Overview 2021

Avocado Market Size in Venezuela

The Venezuelan avocado market totaled $X in 2020, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Avocado consumption peaked in 2020 and is expected to retain growth in years to come.

Avocado Production in Venezuela

In value terms, avocado production totaled $X in 2020 estimated in export prices. Overall, production saw a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Avocado production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

In 2020, the average avocado yield in Venezuela stood at X tonnes per ha, standing approx. at 2019 figures. Over the period under review, the yield saw a slight increase. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. As a result, the yield attained the peak level of X tonnes per ha. from 2012 to 2020, the growth of the average avocado yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, approx. X ha of avocados were harvested in Venezuela; with an increase of X% on the previous year's figure. In general, the total harvested area indicated a tangible expansion from 2007 to 2020: its figure increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to avocado production reached the maximum at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Avocado Exports

Exports from Venezuela

In 2020, the amount of avocados exported from Venezuela shrank to X tonnes, approximately reflecting the previous year's figure. Over the period under review, exports showed a pronounced setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, avocado exports totaled $X in 2020. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Aruba (X tonnes) was the main destination for avocado exports from Venezuela, with a X% share of total exports. Moreover, avocado exports to Aruba exceeded the volume sent to the second major destination, Spain (X tonnes), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Aruba totaled +X%.

In value terms, Aruba ($X) remains the key foreign market for avocado exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Aruba stood at +X%.

Export Prices by Country

The average avocado export price stood at $X per tonne in 2020, picking up by X% against the previous year. Overall, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per tonne), while the average price for exports to Aruba stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Aruba.

Avocado Imports

Imports into Venezuela

In 2020, imports of avocados into Venezuela totaled X kg, approximately equating the year before. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tonnes in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, avocado imports amounted to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2012, Aruba (X tonnes) constituted the largest avocado supplier to Venezuela, accounting for a X% share of total imports. Moreover, avocado imports from Aruba exceeded the figures recorded by the second-largest supplier, Curacao (X tonnes), threefold.

From 2007 to 2012, the average annual growth rate of volume from Aruba was relatively modest.

In value terms, Aruba ($X) and Curacao ($X) appeared to be the largest avocado suppliers to Venezuela.

Among the main suppliers, Curacao recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2012, the average avocado import price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked in 2012 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2012, the country with the highest price was Curacao ($X per tonne), while the price for Aruba stood at $X per tonne.

From 2007 to 2012, the most notable rate of growth in terms of prices was attained by Curacao.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for avocados in the world?
+
The countries with the highest volumes of avocado consumption in 2020 were Mexico (1.3M tonnes), the U.S. (1.2M tonnes) and the Dominican Republic (692K tonnes), together comprising 40% of global consumption. These countries were followed by Colombia, Indonesia, the Netherlands, Haiti, Brazil, Peru, Kenya, China, France and Venezuela, which together accounted for a further 34%.
What are the largest producers of avocados in the world?
+
Mexico (2.4M tonnes) remains the largest avocado producing country worldwide, accounting for 31% of total volume. Moreover, avocado production in Mexico exceeded the figures recorded by the second-largest producer, the Dominican Republic (736K tonnes), threefold. Peru (606K tonnes) ranked third in terms of total production with a 7.8% share.
What are the leading suppliers of avocados to Venezuela?
+
In value terms, the largest avocado suppliers to Venezuela were Aruba ($40K) and Curacao ($26K).
What are the leading importers of avocados from Venezuela?
+
In value terms, Aruba ($178K) remains the key foreign market for avocado exports from Venezuela, comprising 84% of total exports. The second position in the ranking was occupied by Spain ($33K), with a 16% share of total exports.
What is the average export price for avocados in Venezuela?
+
In 2020, the average avocado export price amounted to $656 per tonne, increasing by 2.1% against the previous year.
What is the average import price for avocados in Venezuela?
+
In 2012, the average avocado import price amounted to $1,334 per tonne, stabilizing at the previous year.

Product coverage:
• FCL 572 - Avocados

This report provides an in-depth analysis of the avocado 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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