Venezuela: Garlic Market 2024

Garlic Market Size in Venezuela

The Venezuelan garlic market rose modestly to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a temperate expansion 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 increased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Garlic Production in Venezuela

In value terms, garlic production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

The average yield of garlic in Venezuela fell to X tons per ha in 2022, standing approx. at 2021. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The garlic yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The garlic harvested area in Venezuela reached X ha in 2022, remaining constant against the previous year. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the harvested area increased by X% against the previous year. The garlic harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Garlic Exports

Exports from Venezuela

In 2022, approx. X tons of garlic were exported from Venezuela; with a decrease of X% against 2021. In general, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, garlic exports reduced to $X in 2022. Overall, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Aruba (X tons) was the main destination for garlic exports from Venezuela, with 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 garlic exports from Venezuela.

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

Export Prices by Country

In 2022, the average garlic export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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.

Garlic Imports

Imports into Venezuela

After two years of decline, purchases abroad of garlic increased by X% to X tons in 2022. In general, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, garlic imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Peru (X tons) and Trinidad and Tobago (X tons) were the main suppliers of garlic 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 Peru (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Peru ($X), China ($X) and Trinidad and Tobago ($X) constituted the largest garlic suppliers to Venezuela, together accounting for X% of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average garlic import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price 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, garlic import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted in the following year.

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 Trinidad and Tobago ($X per ton), while the price for China ($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 mixed trend patterns.

Source: IndexBox Platform