Report Update Nov 1, 2024

Venezuela - Dried or Salted Fish - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Venezuela

The Venezuelan dried or salted fish market dropped to $X in 2021, shrinking by -6.5% against the previous year. Over the period under review, consumption, however, saw a slight contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Venezuela

In value terms, dried or salted fish production shrank to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 23%. Dried or salted fish production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports from Venezuela

In 2021, exports of dried or salted fish from Venezuela skyrocketed to X tons, growing by 597% against the year before. Over the period under review, exports, however, continue to indicate a sharp descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, dried or salted fish exports soared to $X in 2021. In general, exports, however, continue to indicate a dramatic curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for dried or salted fish exports from Venezuela, with a 87% share of total exports. Moreover, dried or salted fish exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled -23.1%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for dried or salted fish exports from Venezuela, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with an 8.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR totaled -25.0%.

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, dropping by -32.1% against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2015 when the average export price increased by 108% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to the United States 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 (+7.9%).

Imports of Dried Or Salted Fish

Imports into Venezuela

In 2021, overseas purchases of dried or salted fish were finally on the rise to reach X tons after eight years of decline. Over the period under review, imports, however, saw a dramatic decline. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, dried or salted fish imports rose sharply to $X in 2021. In general, imports, however, recorded a precipitous descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dried or salted fish to Venezuela, with a 67% share of total imports. Moreover, dried or salted fish imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sixfold. The third position in this ranking was taken by Norway (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-24.4% per year) and Norway (-37.5% per year).

In value terms, China ($X) constituted the largest supplier of dried or salted fish to Venezuela, comprising 46% of total imports. The second position in the ranking was taken by Portugal ($X), with a 19% share of total imports. It was followed by Norway, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-29.4% per year) and Norway (-41.4% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, growing by 3.5% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 Portugal ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish consumption in 2020 were Indonesia, China and the Philippines, with a combined 31% share of global consumption.

What are the largest producers of dried or salted fish in the world?

The countries with the highest volumes of dried or salted fish production in 2020 were Indonesia, China and the Philippines, with a combined 35% share of global production. These countries were followed by India, the U.S., Norway, Portugal, Japan, Vietnam, Russia, Germany, Bangladesh and Angola, which together accounted for a further 28%.

What are the leading suppliers of dried or salted fish to Venezuela?

In value terms, Norway constituted the largest supplier of dried or salted fish to Venezuela, comprising 70% of total imports. The second position in the ranking was occupied by Portugal, with a 17% share of total imports. It was followed by China, with a 12% share.

What are the leading importers of dried or salted fish from Venezuela?

In value terms, Hong Kong SAR remains the key foreign market for dried or salted fish exports from Venezuela, comprising 78% of total exports. The second position in the ranking was occupied by the U.S., with a 22% share of total exports.

What is the average export price for dried or salted fish in Venezuela?

In 2020, the average dried or salted fish export price amounted to $7,462 per ton, picking up by 134% against the previous year.

What is the average import price for dried or salted fish in Venezuela?

The average dried or salted fish import price stood at $6,003 per ton in 2020, which is down by -12.5% against the previous year.

This report provides an in-depth analysis of the market for dried or salted fish in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202350 - Dried fish, whether or not salted, fish, salted but not dried, fish in brine (excluding fillets, smoked, heads, tails and maws)
Prodcom 10202300 -

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023