Venezuela: Market for Concentrated Lemon And Other Citrus Fruit Juice 2024

Market Size for Concentrated Lemon And Other Citrus Fruit Juice in Venezuela

The Venezuelan market for concentrated lemon and other citrus fruit juice surged to $X in 2021, picking up by 39% against the previous year. In general, consumption, however, showed a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Concentrated Lemon And Other Citrus Fruit Juice in Venezuela

In value terms, production of concentrated lemon and other citrus fruit juice reached $X in 2021 estimated in export price. In general, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.3% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 38%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Concentrated Lemon And Other Citrus Fruit Juice

Exports from Venezuela

In 2021, exports of concentrated lemon and other citrus fruit juice from Venezuela declined notably to X kg, with a decrease of -98.9% compared with the previous year. Over the period under review, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2015 when exports increased by 1,893% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of concentrated lemon and other citrus fruit juice dropped rapidly to $X in 2021. Overall, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 1,849%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for exports of concentrated lemon and other citrus fruit juice from Venezuela, with a 98% share of total exports. It was followed by Panama (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -32.8%.

In value terms, Germany ($X) remains the key foreign market for concentrated lemon and other citrus fruit juice exports from Venezuela, comprising 98% of total exports. The second position in the ranking was held by Panama ($X), with a 0.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -29.8%.

Export Prices by Country

In 2021, the average export price for concentrated lemon and other citrus fruit juice amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price posted a noticeable increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 131% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Panama totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+15.3%).

Imports of Concentrated Lemon And Other Citrus Fruit Juice

Imports into Venezuela

In 2021, purchases abroad of concentrated lemon and other citrus fruit juice decreased by -75.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2019 with an increase of 340%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of concentrated lemon and other citrus fruit juice shrank notably to $X in 2021. In general, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 213%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest concentrated lemon and other citrus fruit juice supplier to Venezuela, accounting for a 83% share of total imports. Moreover, imports of concentrated lemon and other citrus fruit juice from Argentina exceeded the figures recorded by the second-largest supplier, Brazil (X kg), sixfold. The United States (X kg) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina totaled -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-43.5% per year) and the United States (-41.5% per year).

In value terms, Argentina ($X) constituted the largest supplier of concentrated lemon and other citrus fruit juice to Venezuela, comprising 86% of total imports. The second position in the ranking was taken by Brazil ($X), with a 7.1% share of total imports. It was followed by the United States, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina stood at -38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-57.3% per year) and the United States (-46.4% per year).

Import Prices by Country

The average import price for concentrated lemon and other citrus fruit juice stood at $X per ton in 2021, which is down by -25% against the previous year. In general, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 an increase of 4.6% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+14.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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