Venezuela: Market for Fresh cheese (unripened or uncured cheese), including whey cheese and curd 2021

Market Size for Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Venezuela

In 2020, after three years of growth, there was significant decline in the Venezuelan market for fresh cheese (unripened or uncured cheese), including whey cheese and curd, when its value decreased by -X% to $X. In general, the total consumption indicated a moderate increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X, and then dropped dramatically in the following year.

Production of Fresh cheese (unripened or uncured cheese), including whey cheese and curd in Venezuela

In value terms, production of fresh cheese (unripened or uncured cheese), including whey cheese and curd shrank significantly to $X in 2020 estimated in export prices. Overall, the total production indicated tangible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank significantly in the following year.

Exports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Exports from Venezuela

In 2020, after three years of decline, there was significant growth in shipments abroad of fresh cheese (unripened or uncured cheese), including whey cheese and curd, when their volume increased by X% to X tons. In general, exports enjoyed a buoyant expansion. Exports peaked at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd soared to $X in 2020. Over the period under review, exports posted a resilient increase. Exports peaked at $X in 2017; however, from 2018 to 2020, exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for exports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from Venezuela, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Aruba totaled +X%.

In value terms, Aruba ($X) also remains the key foreign market for fresh cheese (unripened or uncured cheese), including whey cheese and curd exports from Venezuela.

From 2007 to 2020, the average annual rate of growth in terms of value to Aruba stood at +X%.

Export Prices by Country

In 2020, the average export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X per ton, shrinking by -X% against the previous year. Over the period under review, export price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, export price for fresh cheese (unripened or uncured cheese), including whey cheese and curd increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per ton, and then reduced sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2007 to 2020, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Imports of Fresh cheese (unripened or uncured cheese), including whey cheese and curd

Imports into Venezuela

In 2020, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd into Venezuela was estimated at X tons, approximately reflecting the year before. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the maximum in 2020 and are likely to see steady growth in the near future.

In value terms, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd stood at $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the U.S. (X tons) constituted the largest fresh cheese (unripened or uncured cheese), including whey cheese and curd supplier to Venezuela, with a X% share of total imports. Moreover, imports of fresh cheese (unripened or uncured cheese), including whey cheese and curd from the U.S. exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Colombia (X% per year).

In value terms, the U.S. ($X) constituted the largest supplier of fresh cheese (unripened or uncured cheese), including whey cheese and curd to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2020, the average import price for fresh cheese (unripened or uncured cheese), including whey cheese and curd amounted to $X per ton, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices reached the maximum in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per ton), while the price for Uruguay ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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