Venezuela: Molluscs Market 2024

Molluscs Market Size in Venezuela

The Venezuelan molluscs market reached $X in 2023, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Molluscs consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Molluscs Production in Venezuela

In value terms, molluscs production rose significantly to $X in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Molluscs production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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Molluscs Exports

Exports from Venezuela

In 2023, exports of molluscs (scallops, mussels, cuttle fish, squid and octopus) from Venezuela surged to X tons, picking up by X% compared with 2022 figures. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, molluscs exports soared to $X in 2023. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for molluscs exports from Venezuela, accounting for a X% share of total exports. Moreover, molluscs exports to the United States exceeded the volume sent to the second major destination, Greece (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and Turkey (X% per year).

In value terms, the United States ($X) remains the key foreign market for molluscs (scallops, mussels, cuttle fish, squid and octopus) exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Greece, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Greece (X% per year).

Export Prices by Country

In 2023, the average molluscs export price amounted to $X per ton, reducing by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, molluscs export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2023, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and Portugal ($X per ton), while the average price for exports to the United States ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Molluscs Imports

Imports into Venezuela

In 2023, purchases abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, imports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, molluscs imports dropped dramatically to $X in 2023. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

The United States (X tons), Uruguay (X tons) and Portugal (X tons) were the main suppliers of molluscs imports to Venezuela.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Uruguay ($X), the United States ($X) and Portugal ($X) appeared to be the largest molluscs suppliers to Venezuela.

Uruguay, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average molluscs import price amounted to $X per ton, declining by X% against the previous year. Overall, the import price showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2017 to 2023, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform