Venezuela: Tomato Market Overview 2021

Tomato Market Size in Venezuela

In 2019, after three years of decline, there was growth in the Venezuelan tomato market, when its value increased by X% to $X. Overall, the total consumption indicated a slight increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.

Tomato Production in Venezuela

In value terms, tomato production totaled $X in 2019 estimated in export prices. Over the period under review, the total production indicated a temperate increase from 2007 to 2019: its value decreased at an average annual rate of -X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production decreased by -X% against 2015 indices. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2012 to 2019, production growth remained at a somewhat lower figure.

In 2019, the average yield of tomatoes in Venezuela expanded to X tonnes per ha, rising by X% on 2018 figures. Over the period under review, the yield, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the yield reached the peak level of X tonnes per ha. From 2015 to 2019, the growth of the average tomato yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The tomato harvested area in Venezuela contracted slightly to X ha in 2019, which is down by -X% on 2018 figures. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by X% y-o-y. The tomato harvested area peaked at X ha in 2011; however, from 2012 to 2019, the harvested area failed to regain the momentum.

Tomato Exports

Exports from Venezuela

In 2019, the amount of tomatoes exported from Venezuela contracted to X tonnes, with a decrease of -X% compared with the previous year. Over the period under review, exports showed a noticeable slump. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, tomato exports amounted to $X in 2019. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat 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 2019, the average annual rate of growth in terms of volume to Aruba stood at +X%.

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

From 2007 to 2019, the average annual growth rate of value to Aruba amounted to +X%.

Export Prices by Country

In 2019, the average tomato export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, export price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tomato export price increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2011 an increase of X% year-to-year. The export price peaked at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

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

From 2007 to 2019, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Tomato Imports

Imports into Venezuela

In 2019, imports of tomatoes into Venezuela totaled X tonnes, remaining constant against the year before. Overall, imports saw a relatively flat trend pattern. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, tomato imports stood at $X in 2019. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in years to come.

Imports by Country

In 2019, the U.S. (X tonnes) was the main tomato supplier to Venezuela, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from the U.S. was relatively modest.

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

From 2007 to 2019, the average annual growth rate of value from the U.S. was relatively modest.

Import Prices by Country

In 2019, the average tomato import price amounted to $X per tonne, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure in 2019 and is likely to see gradual growth in years to come.

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

From 2007 to 2019, the rate of growth in terms of prices for the U.S. amounted to X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tomatoes in the world?

+

The country with the largest volume of tomato consumption was China (63M tonnes), accounting for 35% of total volume. Moreover, tomato consumption in China exceeded the figures recorded by the second-largest consumer, India (19M tonnes), threefold. The third position in this ranking was occupied by Turkey (13M tonnes), with a 6.9% share.

What are the largest producers of tomatoes in the world?

+

China (63M tonnes) remains the largest tomato producing country worldwide, accounting for 35% of total volume. Moreover, tomato production in China exceeded the figures recorded by the second-largest producer, India (19M tonnes), threefold. Turkey (13M tonnes) ranked third in terms of total production with a 7.1% share.

What are the leading suppliers of tomatoes to Venezuela?

+

In value terms, the U.S. ($3.5K) constituted the largest supplier of tomato to Venezuela.

What are the leading importers of tomatoes from Venezuela?

+

In value terms, Aruba ($511K) remains the key foreign market for tomato exports from Venezuela.

What is the average export price for tomatoes in Venezuela?

+

The average tomato export price stood at $1,015 per tonne in 2019, surging by 3.4% against the previous year.

What is the average import price for tomatoes in Venezuela?

+

In 2019, the average tomato import price amounted to $1,269 per tonne, approximately equating the previous year.