Venezuela: Vegetable Market 2024

Vegetable Market Size in Venezuela

The Venezuelan vegetable market expanded modestly to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Vegetable consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Vegetable Production in Venezuela

In value terms, vegetable production rose slightly to $X in 2023 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

In 2023, the average vegetable yield in Venezuela expanded notably to X tons per ha, with an increase of X% on the previous year's figure. Over the period under review, the yield, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the yield increased by X%. Over the period under review, the average vegetable yield hit record highs at X tons per ha in 2014; however, from 2015 to 2023, the 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.

The vegetable harvested area in Venezuela contracted to X ha in 2023, reducing by X% against the previous year. Over the period under review, the total harvested area indicated perceptible growth from 2012 to 2023: its figure 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 2023 figures, vegetable harvested area increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. The vegetable harvested area peaked at X ha in 2022, and then shrank in the following year.

Vegetable Exports

Exports from Venezuela

In 2023, the amount of vegetables exported from Venezuela reduced sharply to X tons, which is down by X% compared with the year before. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, vegetable exports fell to $X in 2023. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for vegetable exports from Venezuela, with a X% share of total exports. Moreover, vegetable exports to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. Turkey (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for vegetables exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and the Philippines (X% per year).

Export Prices by Country

The average vegetable export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Imports

Imports into Venezuela

In 2023, the amount of vegetables imported into Venezuela rose remarkably to X tons, with an increase of X% compared with 2022 figures. Over the period under review, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, vegetable imports rose remarkably to $X in 2023. Overall, imports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Canada (X tons), Argentina (X tons) and China (X tons) were the main suppliers of vegetable imports to Venezuela, with a combined X% share of total imports. Brazil, the United States, Colombia, Nicaragua and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest vegetable suppliers to Venezuela were Canada ($X), Argentina ($X) and China ($X), with a combined X% share of total imports. The United States, Brazil, Nicaragua, Colombia and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2023, the average vegetable import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded 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 2023, 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 ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform