Venezuela: Beer Market 2024

Beer Market Size in Venezuela

The Venezuelan beer market fell slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption faced a dramatic downturn. The pace of growth was the most pronounced in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Beer Production in Venezuela

In value terms, beer production declined slightly to $X in 2022 estimated in export price. Overall, production saw a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Beer Exports

Exports from Venezuela

In 2022, beer exports from Venezuela contracted sharply to X litres, waning by X% on 2021 figures. In general, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X litres in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, beer exports shrank markedly to $X in 2022. Overall, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X litres), the Dominican Republic (X litres) and Spain (X litres) were the main destinations of beer exports from Venezuela, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Chile ($X) remains the key foreign market for beer exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average beer export price amounted to $X per litre, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per litre), while the average price for exports to the Dominican Republic ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beer Imports

Imports into Venezuela

In 2022, overseas purchases of beer decreased by X% to X litres for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X litres in 2021, and then declined markedly in the following year.

In value terms, beer imports fell notably to $X in 2022. Over the period under review, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then declined notably in the following year.

Imports by Country

Brazil (X litres), Spain (X litres) and Suriname (X litres) were the main suppliers of beer imports to Venezuela, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest beer suppliers to Venezuela were Suriname ($X), Brazil ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main suppliers, Suriname, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average beer import price amounted to $X per litre, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per litre in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 ($X per litre), while the price for Spain ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Suriname (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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