Venezuela: Market for Fresh Bread and Miscellaneous Bakery 2024

Market Size for Fresh Bread and Miscellaneous Bakery in Venezuela

The Venezuelan market for fresh bread and miscellaneous bakery contracted modestly to $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2023.

Production of Fresh Bread and Miscellaneous Bakery in Venezuela

In value terms, fresh bread and miscellaneous bakery production contracted slightly to $X in 2023 estimated in export price. Overall, the total production indicated a measured increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Fresh bread and miscellaneous bakery production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Exports of Fresh Bread and Miscellaneous Bakery

Exports from Venezuela

Fresh bread and miscellaneous bakery exports from Venezuela skyrocketed to X tons in 2023, increasing by X% against 2022 figures. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, fresh bread and miscellaneous bakery exports soared to $X in 2023. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for fresh bread and miscellaneous bakery exports from Venezuela, accounting for a X% share of total exports. Moreover, fresh bread and miscellaneous bakery exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for fresh bread and miscellaneous bakery exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

In 2023, the average export price for fresh bread and miscellaneous bakery amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Bread and Miscellaneous Bakery

Imports into Venezuela

In 2023, after four years of growth, there was significant decline in overseas purchases of fresh bread and miscellaneous bakery, when their volume decreased by X% to X tons. Overall, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then dropped sharply in the following year.

In value terms, fresh bread and miscellaneous bakery imports shrank rapidly to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped sharply in the following year.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of fresh bread and miscellaneous bakery to Venezuela, accounting for a X% share of total imports. Moreover, fresh bread and miscellaneous bakery imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) constituted the largest supplier of fresh bread and miscellaneous bakery to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Brazil (X% per year).

Import Prices by Country

The average import price for fresh bread and miscellaneous bakery stood at $X per ton in 2023, almost unchanged from the previous year. In general, the import price continues to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform