Venezuela: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in Venezuela

The Venezuelan breakfast cereal market stood at $X in 2022, leveling off at the previous year. In general, consumption, however, showed a buoyant increase. Breakfast cereal consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in Venezuela

In value terms, breakfast cereal production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Breakfast cereal production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Breakfast Cereal Exports

Exports from Venezuela

In 2022, shipments abroad of breakfast cereals decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, breakfast cereal exports declined significantly to $X in 2022. Over the period under review, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for breakfast cereal exports from Venezuela, with a X% share of total exports. Moreover, breakfast cereal exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) and Canada ($X) constituted the largest markets for breakfast cereal exported from Venezuela worldwide.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average breakfast cereal export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

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

Breakfast Cereal Imports

Imports into Venezuela

Breakfast cereal imports into Venezuela skyrocketed to X tons in 2022, jumping by X% on the previous year. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, breakfast cereal imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Colombia (X tons), the United States (X tons) and China (X tons) were the main suppliers of breakfast cereal imports to Venezuela, together comprising X% of total imports. Turkey, Brazil and Chile lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constituted the largest supplier of breakfast cereals to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Colombia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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