Report Update Nov 1, 2024

Venezuela - Frozen Cuts of Chicken - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in Venezuela

The Venezuelan frozen chicken cut market stood at $X in 2022, picking up by 3.2% against the previous year. Overall, consumption, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Chicken Cut Production in Venezuela

In value terms, frozen chicken cut production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Frozen Chicken Cut Exports

Exports from Venezuela

After two years of decline, overseas shipments of frozen cuts of chicken decreased by -67.8% to X tons in 2020. Over the period under review, exports recorded a sharp shrinkage. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

In value terms, frozen chicken cut exports shrank significantly to $X in 2020. In general, exports continue to indicate a sharp slump. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Seychelles (X tons) was the main destination for frozen chicken cut exports from Venezuela, with a approx. 100% share of total exports.

From 2017 to 2020, the average annual rate of growth in terms of volume to Seychelles was relatively modest.

In value terms, Seychelles ($X) emerged as the key foreign market for frozen cuts of chicken exports from Venezuela.

From 2017 to 2020, the average annual growth rate of value to Seychelles was relatively modest.

Export Prices by Country

In 2020, the average frozen chicken cut export price amounted to $X per ton, with an increase of 18% against the previous year. Overall, the export price, however, continues to indicate a deep slump. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices remained at a lower figure.

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

From 2017 to 2020, the rate of growth in terms of prices for Seychelles amounted to 0.0% per year.

Frozen Chicken Cut Imports

Imports into Venezuela

In 2022, approx. X tons of frozen cuts of chicken were imported into Venezuela; falling by -26.1% against the previous year. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 770% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, frozen chicken cut imports contracted dramatically to $X in 2022. Over the period under review, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 623%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest frozen chicken cut supplier to Venezuela, accounting for a 76% share of total imports. Moreover, frozen chicken cut imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by the United States (X tons), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-21.0% per year) and the United States (+35.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of chicken to Venezuela, comprising 67% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+5.4% per year) and the United States (+33.9% per year).

Import Prices by Country

The average frozen chicken cut import price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+33.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuts of chicken in the world?

The country with the largest volume of frozen chicken cut consumption was China, accounting for 19% of total volume. Moreover, frozen chicken cut consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 4.3% share.

What are the largest producers of frozen cuts of chicken in the world?

The countries with the highest volumes of in 2021 were the United States, Brazil and China, together accounting for 44% of global production. These countries were followed by India, Russia, Poland, the Netherlands, Thailand, Indonesia, Turkey, Pakistan and Bangladesh, which together accounted for a further 27%.

What are the leading suppliers of frozen cuts of chicken to Venezuela?

In value terms, Brazil, Turkey and Suriname appeared to be the largest frozen chicken cut suppliers to Venezuela, together comprising 92% of total imports.

What is the average export price for frozen cuts of chicken in Venezuela?

The average frozen chicken cut export price stood at $830 per ton in 2020, surging by 18% against the previous year.

What is the average import price for frozen cuts of chicken in Venezuela?

The average frozen chicken cut import price stood at $757 per ton in 2021, declining by -3.6% against the previous year.

This report provides an in-depth analysis of the frozen chicken cut market 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 10122053 - Frozen cuts of chicken

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. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. 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, PRODUCING ANIMALS AND YIELD
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. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023