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View PricingThe beef market in Venezuela is characterized by a significant reliance on imports to meet domestic demand. From 2020 through 2024, Brazil solidified its position as the dominant supplier, accounting for the majority of Venezuela's beef imports by value. While Venezuela maintains a minimal export presence, its primary foreign market for beef exports is the Maldives. Price trends during the historic period showed a sharp decline in export prices, while import prices remained relatively stable with a slight contraction in 2024. The global market context is led by the United States, China, and Brazil in both consumption and production.
Globally, beef consumption in 2024 was led by the United States, China, and Brazil, which together comprised 42% of total consumption. Other significant consuming nations included India, Argentina, Pakistan, Mexico, Russia, Turkey, and France, which together accounted for a further 20% of global consumption. On the production side, the global landscape was similarly concentrated, with the United States, Brazil, and China together accounting for 41% of total output. India, Argentina, Pakistan, Mexico, Australia, Russia, and Turkey collectively represented an additional 23% of world production. This global context frames Venezuela's position as a net importer within the beef market.
Venezuela's beef trade is heavily import-dependent. In value terms, Brazil constituted the largest supplier of beef to Venezuela, comprising 71% of total imports. Colombia was the second-largest supplier with a 16% share, followed by Uruguay with an 8.3% share. On the export side, Venezuela's shipments are minimal; in value terms, the Maldives emerged as the key foreign market for beef exports from Venezuela.
The average import price for beef stood at $6,307 per ton in 2024, marking a decrease of 3.4% against the previous year. Overall, the import price demonstrated a relatively flat trend pattern over the period, having reached a maximum of $6,531 per ton in 2023. In contrast, the average export price recorded a drastic downturn. In 2022, the average beef export price amounted to $2,965 per ton, a decrease of 74.1% against the previous year. The peak average export price of $11,463 per ton was attained in 2021.
The forecast period to 2035 is expected to see the continuation of established trade patterns, with Venezuela remaining a significant importer of beef to supplement domestic supply. The reliance on key suppliers, particularly Brazil, is projected to persist barring major shifts in trade policy or domestic production capacity. Global market dynamics, including production levels in major exporting nations and consumption trends in leading economies, will continue to influence import price trajectories for Venezuela. The outlook anticipates a stabilization of trade flows, with import prices following broader global commodity trends, while export volumes are likely to remain negligible in the global context.
This report provides an in-depth analysis of the beef 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 2030.
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Charts mirror the report figures on the platform. Values are synthetic for demo use.
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| Top producing countries | Share, % |
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| Top yields | Ton per hectare |
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| Top export price | USD per ton |
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| Top import price | USD per ton |
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| Top importing countries | Share, % |
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| Top import price | USD per ton |
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| Top exporting countries | Share, % |
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| Top export price | USD per ton |
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