Venezuela: Candied Fruit Market 2024

Candied Fruit Market Size in Venezuela

The Venezuelan candied fruit market expanded to $X in 2022, surging by X% against the previous year. In general, the total consumption indicated a prominent 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, consumption decreased by X% against 2020 indices. Candied fruit consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Candied Fruit Production in Venezuela

In value terms, candied fruit production expanded to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant 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 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of candied fruits in Venezuela amounted to less than X kg per ha in 2022, leveling off at the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of candied fruits were harvested in Venezuela; remaining relatively unchanged against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

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Candied Fruit Exports

Exports from Venezuela

In 2022, approx. X kg of candied fruits were exported from Venezuela; approximately equating the previous year. Overall, exports saw a dramatic curtailment. The smallest decline of X% was in 2017. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, candied fruit exports totaled $X in 2022. In general, exports faced a dramatic curtailment. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for candied fruit exports from Venezuela, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled X%.

In value terms, Aruba ($X) also remains the key foreign market for candied fruits exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Aruba stood at X%.

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to X% per year.

Candied Fruit Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in supplies from abroad of candied fruits, when their volume decreased by X% to X tons. In general, imports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, candied fruit imports plummeted to $X in 2022. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank rapidly in the following year.

Imports by Country

The United States (X tons), Spain (X tons) and Chile (X tons) were the main suppliers of candied fruit imports to Venezuela, with a combined X% share of total imports. France, China, Mexico, Panama and Peru lagged somewhat behind, together accounting for a further X%.

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

In value terms, Spain ($X), the United States ($X) and China ($X) appeared to be the largest candied fruit suppliers to Venezuela, together comprising X% of total imports. Mexico, Panama, Chile, France and Peru lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Panama, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average candied fruit import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price showed resilient growth. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 China ($X per ton), while the price for France ($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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