Venezuela: Grain Market 2024

Grain Market Size in Venezuela

The Venezuelan grain market expanded sharply to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Grain Production in Venezuela

In value terms, grain production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of grain in Venezuela stood at X tons per ha in 2022, increasing by X% on 2021 figures. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. The grain yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the grain harvested area in Venezuela fell to X ha, shrinking by X% on the year before. Overall, the harvested area saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

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Grain Exports

Exports from Venezuela

In 2022, shipments abroad of grain increased by X% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted a tangible expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, grain exports fell modestly to $X in 2022. In general, exports, however, continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for grain exports from Venezuela, accounting for a X% share of total exports. Moreover, grain exports to Germany exceeded the volume sent to the second major destination, Aruba (X tons), ninefold. The United States (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Germany ($X) remains the key foreign market for grain exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports. 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 to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average grain export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Aruba ($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 Aruba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Grain Imports

Imports into Venezuela

In 2022, imports of grain into Venezuela rose markedly to X tons, picking up by X% compared with the previous year's figure. Overall, 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 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, grain imports fell slightly to $X in 2022. In general, imports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of grain to Venezuela, with a X% share of total imports. Moreover, grain imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of grain to Venezuela, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

The average grain import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, 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 Canada ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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