Venezuela: Market for Dog And Cat Food 2024

Market Size for Dog And Cat Food in Venezuela

The Venezuelan dog and cat food market fell slightly to $X in 2021, with a decrease of -4.9% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Dog and cat food consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Dog And Cat Food in Venezuela

In value terms, dog and cat food production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the production volume increased by 45% against the previous year. Dog and cat food production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Dog And Cat Food

Exports from Venezuela

In 2021, dog and cat food exports from Venezuela dropped to X kg, reducing by -11% compared with the previous year's figure. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 11,010%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, dog and cat food exports contracted to $X in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 10,566%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X kg) was the main destination for dog and cat food exports from Venezuela, accounting for a 98% share of total exports. It was followed by Aruba (X kg), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland was relatively modest.

In value terms, Poland ($X) emerged as the key foreign market for dog and cat food exports from Venezuela, comprising 98% of total exports. The second position in the ranking was held by Aruba ($X), with a 2.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland was relatively modest.

Export Prices by Country

In 2021, the average dog and cat food export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price enjoyed a remarkable increase. The growth pace was the most rapid in 2015 an increase of 74% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Aruba stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+43.6%).

Imports of Dog And Cat Food

Imports into Venezuela

In 2021, supplies from abroad of dog and cat food increased by 58% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of 581%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, dog and cat food imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 with an increase of 554%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), Italy (X tons) and Argentina (X tons) were the main suppliers of dog and cat food imports to Venezuela, together comprising 50% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +322.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of dog and cat food to Venezuela, comprising 39% of total imports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total imports. It was followed by Italy, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-10.5% per year) and Italy (+257.9% per year).

Import Prices by Country

The average dog and cat food import price stood at $X per ton in 2021, growing by 9.9% against the previous year. Over the period under review, the import price, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+11.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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