Venezuela: Tomato Market Overview 2020

Tomato Market Size in Venezuela

The revenue of the tomato market in Venezuela amounted to $X in 2018, remaining relatively unchanged against the previous year. In general, tomato consumption continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. In that year, the tomato market attained its peak level of $X. From 2012 to 2018, the growth of the tomato market remained at a somewhat lower figure.

Tomato Production in Venezuela

In value terms, tomato production totaled $X in 2018 estimated in export prices. Over the period under review, the total output indicated a mild expansion from 2007 to 2018: its value decreased 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 2018 figures, tomato production decreased by -X% against 2015 indices. The growth pace was the most rapid in 2011 when production volume increased by X% against the previous year. In that year, tomato production reached its peak level of $X. From 2012 to 2018, tomato production growth failed to regain its momentum.

Average yield of tomatoes in Venezuela amounted to X tonne per ha in 2018, approximately reflecting the previous year. Over the period under review, the tomato yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when yield increased by X% y-o-y. In that year, the average tomato yield attained its peak level of X tonne per ha. From 2015 to 2018, the growth of the average tomato yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Tomato harvested area in Venezuela stood at X ha in 2018, going down by -X% against the previous year. Overall, the tomato harvested area continues to indicate a mild reduction. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. Tomato harvested area peaked at X ha in 2011; however, from 2012 to 2018, harvested area stood at a somewhat lower figure.

Tomato Exports

Exports from Venezuela

In 2018, the exports of tomatoes from Venezuela totaled X tonnes, declining by -X% against the previous year. Over the period under review, tomato exports continue to indicate a moderate deduction. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, tomato exports totaled $X in 2018. Over the period under review, tomato exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, tomato exports reached their maximum at $X in 2013; however, from 2014 to 2018, exports remained at a lower figure.

Exports by Country

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

From 2007 to 2018, 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 tomato exports from Venezuela.

From 2007 to 2018, the average annual growth rate of value to Aruba was relatively modest.

Export Prices by Country

In 2018, the average tomato export price amounted to $X per tonne, going up by X% against the previous year. Over the period under review, the export price indicated a notable expansion from 2007 to 2018: its price 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 2018 figures, tomato export price decreased by -X% against 2016 indices. The growth pace was the most rapid in 2011 an increase of X% against the previous year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2018, export prices stood at a somewhat lower figure.

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

From 2007 to 2018, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Tomato Imports

Imports into Venezuela

In 2018, the amount of tomatoes imported into Venezuela totaled X kg, going up by X% against the previous year. In general, tomato imports continue to indicate skyrocketing growth. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, tomato imports totaled $X in 2018. Over the period under review, tomato imports continue to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, tomato imports reached their peak figure in 2018 and are likely to see steady growth in the near future.

Imports by Country

In 2018, Aruba (X kg) was the main supplier of tomato to Venezuela, with a approx. X% share of total imports.

From 2007 to 2018, the average annual growth rate of volume from Aruba stood at +X%.

In value terms, Aruba ($X) constituted the largest supplier of tomato to Venezuela.

From 2007 to 2018, the average annual growth rate of value from Aruba amounted to +X%.

Import Prices by Country

In 2018, the average tomato import price amounted to $X per tonne, dropping by -X% against the previous year. In general, the tomato import price, however, continues to indicate measured growth. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, the average import prices for tomatoes attained their peak figure at $X per tonne in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

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

From 2007 to 2018, the rate of growth in terms of prices for Aruba amounted to -X% per year.

Source: IndexBox AI Platform