Venezuela: Vegetable Market 2024

Vegetable Market Size in Venezuela

The Venezuelan vegetable market was estimated at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vegetable Production in Venezuela

In value terms, vegetable production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

The average yield of vegetables in Venezuela contracted modestly to X tons per ha in 2022, approximately reflecting the previous year. In general, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average vegetable yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of vegetables were harvested in Venezuela; with a decrease of X% on 2021 figures. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to vegetable production reached the maximum at X ha in 2015; however, from 2016 to 2022, the harvested area remained at a lower figure.

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Vegetable Exports

Exports from Venezuela

In 2022, shipments abroad of vegetables was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, vegetable exports amounted to $X in 2022. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for vegetable exports from Venezuela, with a X% share of total exports. Moreover, vegetable exports to Aruba exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba stood at X%.

In value terms, Aruba ($X) remains the key foreign market for vegetables exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Aruba stood at X%.

Export Prices by Country

The average vegetable export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable export price increased by X% against 2013 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%).

Vegetable Imports

Imports into Venezuela

In 2022, the amount of vegetables imported into Venezuela rose modestly to X tons, surging by X% on the previous year. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable imports rose slightly to $X in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest supplier of vegetable to Venezuela, accounting for a X% share of total imports. Moreover, vegetable imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Trinidad and Tobago (X tons), with a X% share.

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

In value terms, the largest vegetable suppliers to Venezuela were the Dominican Republic ($X), the United States ($X) and Trinidad and Tobago ($X), with a combined X% share of total imports.

Among the main suppliers, the Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform