Venezuela: Cheese And Curd Market 2024

Cheese And Curd Market Size in Venezuela

The Venezuelan cheese and curd market expanded notably to $X in 2022, picking up by 6.5% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cheese And Curd Production in Venezuela

In value terms, cheese and curd production amounted to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cheese And Curd Exports

Exports from Venezuela

In 2022, the amount of cheese and curd exported from Venezuela shrank to X tons, with a decrease of -11.4% against the year before. In general, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2019 when exports increased by 289% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports reduced to $X in 2022. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2019 when exports increased by 357%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons) was the main destination for cheese and curd exports from Venezuela, accounting for a 82% share of total exports. Moreover, cheese and curd exports to Chile exceeded the volume sent to the second major destination, Aruba (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile totaled +65.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-23.2% per year) and the United States (+6.1% per year).

In value terms, Chile ($X) remains the key foreign market for cheese and curd exports from Venezuela, comprising 83% of total exports. The second position in the ranking was taken by Aruba ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile stood at +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-21.1% per year) and the United States (-1.1% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, which is down by -3% against the previous year. Overall, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cheese and curd export price increased by +77.2% against 2018 indices. The growth pace was the most rapid in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States ($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 (+2.7%), while the prices for the other major destinations experienced a decline.

Cheese And Curd Imports

Imports into Venezuela

Cheese and curd imports into Venezuela declined to X tons in 2022, with a decrease of -11.8% on the previous year. Over the period under review, imports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cheese and curd imports reduced to $X in 2022. In general, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Uruguay (X tons) constituted the largest supplier of cheese and curd to Venezuela, with a 62% share of total imports. Moreover, cheese and curd imports from Uruguay exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fourfold. The third position in this ranking was taken by Egypt (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Uruguay amounted to -31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-29.4% per year) and Egypt (-22.5% per year).

In value terms, Uruguay ($X) constituted the largest supplier of cheese and curd to Venezuela, comprising 68% of total imports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total imports. It was followed by Egypt, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value from Uruguay totaled -31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-31.4% per year) and Egypt (-20.9% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, declining by -1.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 3.9% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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