Venezuela: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Venezuela

The Venezuelan market for crispbread, rusks and toasted bread stood at $X in 2022, approximately reflecting the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Crispbread, rusk and toasted bread consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Crispbread, Rusks and Toasted Bread in Venezuela

In value terms, crispbread, rusk and toasted bread production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.2% 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 -0.7% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 41% against the previous year. Crispbread, rusk and toasted bread production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Venezuela

After five years of growth, overseas shipments of crispbread, rusks and toasted bread decreased by -17.8% to X tons in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2019 when exports increased by 316% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, crispbread, rusk and toasted bread exports reduced remarkably to $X in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 473%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined sharply in the following year.

Exports by Country

Chile (X tons) was the main destination for crispbread, rusk and toasted bread exports from Venezuela, with a 98% share of total exports. It was followed by Aruba (X kg), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Chile amounted to +184.2%.

In value terms, Chile ($X) remains the key foreign market for crispbread, rusks and toasted bread exports from Venezuela, comprising 99% of total exports. The second position in the ranking was taken by Aruba ($X), with a 0.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +191.9%.

Export Prices by Country

The average export price for crispbread, rusks and toasted bread stood at $X per ton in 2022, increasing by 1.8% against the previous year. Overall, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2020 an increase of 80%. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.7%).

Imports of Crispbread, Rusks and Toasted Bread

Imports into Venezuela

In 2022, after two years of growth, there was significant decline in supplies from abroad of crispbread, rusks and toasted bread, when their volume decreased by -19.2% to X tons. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 152%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports declined to $X in 2022. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 123%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X tons), Spain (X tons) and Argentina (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to Venezuela, together accounting for 72% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +38.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Venezuela, comprising 35% of total imports. The second position in the ranking was held by Spain ($X), with a 14% share of total imports. It was followed by Bulgaria, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+25.5% per year) and Bulgaria (0.0% per year).

Import Prices by Country

In 2022, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, surging by 7% against the previous year. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Bulgaria ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+96.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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