Venezuela: Bread And Bakery Market 2024

Bread And Bakery Market Size in Venezuela

The Venezuelan bread and bakery market contracted to $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bread and bakery consumption peaked at $X in 2022, and then declined slightly in the following year.

Bread And Bakery Production in Venezuela

In value terms, bread and bakery production contracted slightly to $X in 2023 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Bread And Bakery Exports

Exports from Venezuela

In 2023, approx. X tons of bread and bakery were exported from Venezuela; picking up by X% against 2022 figures. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, bread and bakery exports expanded to $X in 2023. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. 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 bread and bakery exports from Venezuela, accounting for a X% share of total exports. Moreover, bread and bakery exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), sixfold.

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 ($X) remains the key foreign market for bread and bakery exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with an 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 bread and bakery export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, recorded moderate growth. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced 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 totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bread And Bakery Imports

Imports into Venezuela

In 2023, the amount of bread and bakery imported into Venezuela amounted to X tons, flattening at the previous year. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, bread and bakery imports declined to $X in 2023. Over the period under review, imports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Brazil (X tons) constituted the largest supplier of bread and bakery to Venezuela, accounting for a X% share of total imports. Moreover, bread and bakery imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, Brazil ($X) constituted the largest supplier of bread and bakery to Venezuela, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

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

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($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