Venezuela: Frozen Fish Market 2024

Frozen Fish Market Size in Venezuela

For the fifth consecutive year, the Venezuelan frozen fish market recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Fish Production in Venezuela

In value terms, frozen fish production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a moderate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Frozen Fish Exports

Exports from Venezuela

In 2022, frozen fish exports from Venezuela totaled X tons, flattening at 2021 figures. Over the period under review, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports dropped to $X in 2022. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Ecuador (X tons) was the main destination for frozen fish exports from Venezuela, with a X% share of total exports. Moreover, frozen fish exports to Ecuador exceeded the volume sent to the second major destination, Guatemala (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and the United States (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for frozen fish exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Colombia ($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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in overseas purchases of frozen fish, when their volume decreased by X% to X tons. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports fell markedly to $X in 2022. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Chile (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of frozen fish imports to Venezuela, together comprising 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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline.

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

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

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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