Venezuela: Cereal Market 2025

Cereal Market Size in Venezuela

The Venezuelan cereal market rose rapidly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a noticeable curtailment. Cereal consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Cereal Production in Venezuela

In value terms, cereal production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Cereal production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of cereals in Venezuela totaled X tons per ha in 2022, picking up by X% against 2021. Over the period under review, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the yield increased by X% against the previous year. Over the period under review, the average cereal yield hit record highs at X tons per ha in 2014; however, from 2015 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereals production in Venezuela fell to X ha, waning by X% compared with the previous year. In general, the harvested area showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to cereal production attained the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area failed to regain momentum.

Cereal Exports

Exports from Venezuela

In 2022, shipments abroad of cereals increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a moderate expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, cereal exports shrank modestly to $X in 2022. Overall, exports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for cereal exports from Venezuela, accounting for a X% share of total exports. Moreover, cereal exports to Germany exceeded the volume sent to the second major destination, Aruba (X tons), more than tenfold. The third position in this ranking was taken by the United States (X tons), with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Aruba ($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 Aruba (X%), while the prices for the other major destinations experienced mixed trend patterns.

Cereal Imports

Imports into Venezuela

In 2022, imports of cereals into Venezuela rose notably to X tons, picking up by X% compared with 2021. Over the period under review, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, cereal imports declined modestly to $X in 2022. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest cereal supplier to Venezuela, accounting for a X% share of total imports. Moreover, cereal imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of cereals to Venezuela, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

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

Import Prices by Country

The average cereal import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a mild descent. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Canada ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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