Venezuela: Baby Food Market 2024

Baby Food Market Size in Venezuela

In 2022, after two years of growth, there was decline in the Venezuelan baby food market, when its value decreased by X% to $X. Over the period under review, consumption recorded a perceptible descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Baby Food Production in Venezuela

In value terms, baby food production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Baby Food Exports

Exports from Venezuela

In 2022, after five years of growth, there was decline in overseas shipments of food preparations for infants, when their volume decreased by X% to X tons. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, baby food exports reached $X in 2022. In general, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Peru (X tons) and Chile (X tons) were the main destinations of baby food exports from Venezuela, together comprising X% of total exports. Panama lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Peru ($X) and Chile ($X) appeared to be the largest markets for baby food exported from Venezuela worldwide, with a combined X% share of total exports. Panama lagged somewhat behind, accounting for a further X%.

In terms of the main countries of destination, Panama, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average baby food export price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the export price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, 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 a decline.

Baby Food Imports

Imports into Venezuela

In 2022, approx. X tons of food preparations for infants were imported into Venezuela; growing by X% compared with the year before. Overall, imports, however, saw a precipitous descent. 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 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, baby food imports rose slightly to $X in 2022. Over the period under review, imports, however, saw a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X tons) constituted the largest supplier of baby food to Venezuela, with a X% share of total imports. Moreover, baby food imports from Mexico exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

In value terms, Mexico ($X) constituted the largest supplier of food preparations for infants to Venezuela, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

The average baby food import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price continues to indicate a perceptible contraction. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 Colombia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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