Venezuela: Market for Preparations Used In Animal Feeding 2024

Market Size for Preparations Used In Animal Feeding in Venezuela

The Venezuelan preparations for animal feeding market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a mild descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Preparations Used In Animal Feeding in Venezuela

In value terms, preparations for animal feeding production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Venezuela

In 2022, shipments abroad of preparations used in animal feeding increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, preparations for animal feeding exports surged to $X in 2022. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Panama (X tons) was the main destination for preparations for animal feeding exports from Venezuela, with a X% share of total exports. Moreover, preparations for animal feeding exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X.3% per year) and the United States (X% per year).

In value terms, the Dominican Republic ($X), Panama ($X) and the United States ($X) were the largest markets for preparations for animal feeding exported from Venezuela worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of X.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average preparations for animal feeding export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

Imports of Preparations Used In Animal Feeding

Imports into Venezuela

Preparations for animal feeding imports into Venezuela contracted to X tons in 2022, falling by X% on the year before. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, preparations for animal feeding imports surged to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of preparations for animal feeding imports to Venezuela, together accounting for X% of total imports. The United States, Italy, Spain, Canada and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest preparations for animal feeding suppliers to Venezuela were the United States ($X), Brazil ($X) and China ($X), together comprising X% of total imports. Argentina, Spain, Canada, Italy and the Netherlands lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average preparations for animal feeding import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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