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Venezuela - Potato - Market Analysis, Forecast, Size, Trends and Insights
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Venezuela: Potato Market Overview 2021

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Potato Market Size in Venezuela

In 2020, the Venezuelan potato market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Potato consumption peaked at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Potato Production in Venezuela

In value terms, potato production totaled $X in 2020 estimated in export prices. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2020, production failed to regain the momentum.

The average yield of potatoes in Venezuela reached X tonnes per ha in 2020, therefore, remained relatively stable against 2019 figures. In general, the yield recorded a relatively flat trend pattern. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. As a result, the yield attained the peak level of X tonnes per ha. from 2013 to 2020, the growth of the average potato yield failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the potato harvested area in Venezuela shrank modestly to X ha, standing approx. at the previous year's figure. Over the period under review, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to potato production reached the peak figure at X ha in 2011; however, from 2012 to 2020, the harvested area stood at a somewhat lower figure.

Potato Exports

Exports from Venezuela

In 2020, potato exports from Venezuela fell to X tonnes, declining by -X% compared with 2019. Over the period under review, exports continue to indicate a noticeable decline. The growth pace was the most rapid in 2009 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, potato exports declined to $X in 2020. In general, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

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

From 2007 to 2020, the average annual rate of growth in terms of volume to Aruba totaled -X%.

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

From 2007 to 2020, the average annual growth rate of value to Aruba totaled -X%.

Export Prices by Country

The average potato export price stood at $X per tonne in 2020, leveling off at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. As a result, export price reached the peak level of $X per tonne. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2020, the rate of growth in terms of prices for Aruba amounted to -X% per year.

Potato Imports

Imports into Venezuela

In 2020, supplies from abroad of potatoes increased by X% to X tonnes, rising for the third consecutive year after six years of decline. Over the period under review, imports, however, recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at X tonnes in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

In value terms, potato imports contracted to $X in 2020. Overall, imports, however, faced a dramatic curtailment. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the maximum at $X in 2009; however, from 2010 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Canada (X tonnes) was the main supplier of potato to Venezuela, accounting for a X% share of total imports. Moreover, potato imports from Canada exceeded the figures recorded by the second-largest supplier, Colombia (X tonnes), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Canada amounted to -X%.

In value terms, Canada ($X) constituted the largest supplier of potato to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Colombia ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Canada stood at -X%.

Import Prices by Country

The average potato import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, potato import price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Colombia ($X per tonne), while the price for Canada stood at $X per tonne.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Colombia.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for potatoes in the world?
+
The countries with the highest volumes of potato consumption in 2020 were China (94M tonnes), India (52M tonnes) and Russia (22M tonnes), with a combined 44% share of global consumption. Ukraine, the U.S., Bangladesh, Germany, the Netherlands, France, Poland, Belgium and Belarus lagged somewhat behind, together accounting for a further 24%.
What are the largest producers of potatoes in the world?
+
The countries with the highest volumes of potato production in 2020 were China (95M tonnes), India (53M tonnes) and Russia (22M tonnes), with a combined 45% share of global production. Ukraine, the U.S., Germany, Bangladesh, France, the Netherlands, Poland and Belarus lagged somewhat behind, together accounting for a further 23%.
What are the leading suppliers of potatoes to Venezuela?
+
In value terms, Canada ($230K) constituted the largest supplier of potato to Venezuela, comprising 76% of total imports. The second position in the ranking was occupied by Colombia ($71K), with a 23% share of total imports.
What are the leading importers of potatoes from Venezuela?
+
In value terms, Aruba ($6.4K) remains the key foreign market for potato exports from Venezuela.
What is the average export price for potatoes in Venezuela?
+
The average potato export price stood at $867 per tonne in 2020, approximately mirroring the previous year.
What is the average import price for potatoes in Venezuela?
+
In 2020, the average potato import price amounted to $603 per tonne, reducing by -7.7% against the previous year.

Product coverage:
• FCL 116 - Potatoes

This report provides an in-depth analysis of the potato market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Venezuela

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Venezuela
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020

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