Venezuela: Grapefruit Market 2024

Grapefruit Market Size in Venezuela

The Venezuelan grapefruit market expanded modestly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded resilient growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Grapefruit Production in Venezuela

In value terms, grapefruit production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of grapefruits in Venezuela shrank slightly to X tons per ha in 2022, therefore, remained relatively stable against the previous year. Overall, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The grapefruit yield peaked at X tons per ha in 2013; however, from 2014 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.

In 2022, approx. X ha of grapefruits were harvested in Venezuela; stabilizing at 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to grapefruit production attained the maximum at X ha in 2020; afterwards, it flattened through to 2022.

Grapefruit Exports

Exports from Venezuela

After five years of decline, overseas shipments of grapefruits increased by X% to X kg in 2022. In general, exports showed prominent growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, grapefruit exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for grapefruit exports from Venezuela, with a X% share of total exports. Moreover, grapefruit exports to Bahrain exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

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

In value terms, Bahrain ($X) remains the key foreign market for grapefruits exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bahrain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Aruba (X% per year).

Export Prices by Country

The average grapefruit export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

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 Maldives ($X per ton), while the average price for exports to Aruba ($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 Bahrain (X%).

Grapefruit Imports

Imports into Venezuela

In 2016, the amount of grapefruits imported into Venezuela amounted to X kg, therefore, remained relatively stable against 2015. In general, imports saw a significant increase. The smallest decline of X% was in 2013. Imports peaked in 2016 and are likely to see gradual growth in years to come.

In value terms, grapefruit imports amounted to $X in 2016. Overall, imports saw significant growth. The smallest decline of X% was in 2013. Imports peaked in 2016 and are likely to see steady growth in the immediate term.

Imports by Country

In 2016, El Salvador (X kg) was the main grapefruit supplier to Venezuela, with a approx. X% share of total imports.

From 2012 to 2016, the average annual growth rate of volume from El Salvador was relatively modest.

In value terms, El Salvador ($X) constituted the largest supplier of grapefruits to Venezuela.

From 2012 to 2016, the average annual growth rate of value from El Salvador was relatively modest.

Import Prices by Country

The average grapefruit import price stood at $X per ton in 2016, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 a decrease of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2016, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for El Salvador.

From 2012 to 2016, the rate of growth in terms of prices for Curacao amounted to X% per year.

Source: IndexBox Platform

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