Venezuela: Market for Wheat and Meslin Flour 2022

Market Size for Wheat and Meslin Flour in Venezuela

The Venezuelan wheat and meslin flour market amounted to $X in 2021, stabilizing at the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Production of Wheat and Meslin Flour in Venezuela

In value terms, wheat and meslin flour production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Wheat and Meslin Flour

Exports from Venezuela

In 2021, the amount of wheat and meslin flour exported from Venezuela was estimated at less than X kg, remaining stable against the previous year's figure. Overall, exports showed a sharp curtailment. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports amounted to less than $X in 2021. Over the period under review, exports saw a sharp slump. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guatemala (X tons) was the main destination for wheat and meslin flour exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Guatemala was relatively modest.

From 2012 to 2015, the average annual growth rate of value to Guatemala was relatively modest.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2015, stabilizing at the previous year. Over the last three-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2015 and is likely to continue growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for Guatemala amounted to X% per year.

Imports of Wheat and Meslin Flour

Imports into Venezuela

In 2021, purchases abroad of wheat and meslin flour decreased by -X% to X tons for the first time since 2013, thus ending a seven-year rising trend. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2020, and then shrank dramatically in the following year.

In value terms, wheat and meslin flour imports fell sharply to $X in 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank rapidly in the following year.

Imports by Country

In 2021, Brazil (X tons) constituted the largest wheat and meslin flour supplier to Venezuela, accounting for a X% share of total imports. Moreover, wheat and meslin flour imports from Brazil exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. The third position in this ranking was taken by Mexico (X tons), with an X% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Mexico (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of wheat and meslin flour to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Mexico, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+X% per year) and Mexico (X% per year).

Import Prices by Country

The average wheat and meslin flour import price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform