Venezuela: Market for Prepared or Preserved Meat 2024

Market Size for Prepared or Preserved Meat in Venezuela

The Venezuelan prepared or preserved meat market shrank modestly to $X in 2022, dropping by X% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Prepared or Preserved Meat in Venezuela

In value terms, prepared or preserved meat production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. Prepared or preserved meat production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Prepared or Preserved Meat

Exports from Venezuela

After five years of growth, overseas shipments of prepared or preserved meat decreased by X% to X tons in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, prepared or preserved meat exports fell to $X in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Hong Kong SAR (X tons) was the main destination for prepared or preserved meat exports from Venezuela, with a X% share of total exports. Moreover, prepared or preserved meat exports to Hong Kong SAR exceeded the volume sent to the second major destination, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Peru (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for prepared or preserved meat exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

The average prepared or preserved meat export price stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Prepared or Preserved Meat

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in overseas purchases of prepared or preserved meat, when their volume decreased by X% to X tons. Overall, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, prepared or preserved meat imports fell remarkably to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Turkey (X tons) was the main prepared or preserved meat supplier to Venezuela, accounting for a X% share of total imports. It was followed by Brazil (X tons), with a X% share of total imports. The third position in this ranking was held by the United States (X tons), with a X% share.

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

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

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

Import Prices by Country

The average prepared or preserved meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, 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 Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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