Venezuela: Cassava Market 2025

Cassava Market Size in Venezuela

The Venezuelan cassava market expanded slightly to $X in 2022, with an increase of 3.2% against the previous year. Over the period under review, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +12.2% against 2019 indices. Cassava consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cassava Production in Venezuela

In value terms, cassava production reached $X in 2022 estimated in export price. In general, production saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 119%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of cassava in Venezuela declined slightly to X tons per ha in 2022, therefore, remained relatively stable against 2021 figures. Overall, the yield, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the yield increased by 3.4%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2022, the growth of the average cassava 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 cassava were harvested in Venezuela; approximately reflecting the year before. Overall, the harvested area showed a modest increase. The pace of growth was the most pronounced in 2017 when the harvested area increased by 36%. The cassava harvested area peaked at X ha in 2018; however, from 2019 to 2022, the harvested area stood at a somewhat lower figure.

Cassava Exports

Exports from Venezuela

In 2022, after two years of growth, there was significant decline in overseas shipments of cassava, when their volume decreased by -71.6% to X tons. Overall, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 2,489% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, cassava exports declined markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 918%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons) was the main destination for cassava exports from Venezuela, accounting for a 45% share of total exports. Moreover, cassava exports to Portugal exceeded the volume sent to the second major destination, Aruba (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Portugal amounted to +54.7%.

In value terms, Portugal ($X) emerged as the key foreign market for cassava exports from Venezuela, comprising 48% of total exports. The second position in the ranking was taken by Aruba ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal stood at +38.4%.

Export Prices by Country

In 2022, the average cassava export price amounted to $X per ton, jumping by 193% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.7%), while the prices for the other major destinations experienced mixed trend patterns.

Cassava Imports

Imports into Venezuela

In 2018, overseas purchases of cassava decreased by -19.9% to X kg for the first time since 2014, thus ending a three-year rising trend. Overall, imports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 66%. Imports peaked at X tons in 2012; however, from 2013 to 2018, imports remained at a lower figure.

In value terms, cassava imports reduced to $X in 2018. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 87%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, the Dominican Republic (X kg) was the main cassava supplier to Venezuela, accounting for a approx. 100% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from the Dominican Republic was relatively modest.

In value terms, the Dominican Republic ($X) constituted the largest supplier of cassava to Venezuela.

From 2012 to 2018, the average annual rate of growth in terms of value from the Dominican Republic was relatively modest.

Import Prices by Country

The average cassava import price stood at $X per ton in 2018, picking up by 7.3% against the previous year. Over the period under review, the import price enjoyed significant growth. The pace of growth appeared the most rapid in 2013 an increase of 36%. Over the period under review, average import prices hit record highs in 2018 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 Dominican Republic.

From 2012 to 2018, the rate of growth in terms of prices for El Salvador amounted to +9.3% per year.

Source: IndexBox Platform

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