Venezuela: Bread And Bakery Market 2024

Bread And Bakery Market Size in Venezuela

In 2022, the Venezuelan bread and bakery market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped slightly in the following year.

Bread And Bakery Production in Venezuela

In value terms, bread and bakery production reached $X in 2022 estimated in export price. In general, the total production indicated perceptible growth from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Bread and bakery production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Bread And Bakery Exports

Exports from Venezuela

In 2022, after four years of growth, there was significant decline in overseas shipments of bread and bakery, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, bread and bakery exports dropped to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for bread and bakery exports from Venezuela, accounting for a X% share of total exports. Moreover, bread and bakery exports to the United States exceeded the volume sent to the second major destination, Chile (X tons), fourfold. Panama (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Panama (X% per year).

In value terms, the United States ($X) remains the key foreign market for bread and bakery exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Peru (X% per year).

Export Prices by Country

In 2022, the average bread and bakery export price amounted to $X per ton, standing approx. at the previous year. Overall, export price indicated a perceptible 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, bread and bakery export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bread And Bakery Imports

Imports into Venezuela

After three years of growth, supplies from abroad of bread and bakery decreased by X% to X tons in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank rapidly in the following year.

In value terms, bread and bakery imports declined markedly to $X in 2022. In general, imports, however, showed a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of bread and bakery to Venezuela, with a X% share of total imports. Moreover, bread and bakery imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Colombia (X% per year).

In value terms, Brazil ($X) constituted the largest supplier of bread and bakery to Venezuela, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Brazil stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Colombia (X% per year).

Import Prices by Country

The average bread and bakery import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :