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Report Venezuela - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Venezuela - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Venezuela

In 2021, the Venezuelan frozen fish meat market increased by 45% to $X, rising for the second consecutive year after seven years of decline. Over the period under review, consumption, however, continues to indicate a sharp decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Fish Meat Exports

Exports from Venezuela

In 2021, approx. X tons of frozen fish meat were exported from Venezuela; picking up by 327% on 2020. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 23,522%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen fish meat exports skyrocketed to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 36,693% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for frozen fish meat exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) emerged as the key foreign market for frozen fish meat exports from Venezuela.

From 2013 to 2021, the average annual rate of growth in terms of value to Colombia was relatively modest.

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2021, reducing by -41% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The growth pace was the most rapid in 2018 an increase of 123%. The export price peaked at $X per ton in 2020, and then dropped dramatically in the following year.

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

From 2013 to 2021, the rate of growth in terms of prices for Trinidad and Tobago amounted to +22.2% per year.

Frozen Fish Meat Imports

Imports into Venezuela

In 2021, frozen fish meat imports into Venezuela skyrocketed to X tons, rising by 27% against the previous year. Over the period under review, imports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2019 when imports increased by 125%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen fish meat imports surged to $X in 2021. Overall, imports, however, saw a sharp reduction. The pace of growth appeared the most rapid in 2019 with an increase of 123% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), Chile (X tons) and the United States (X tons) were the main suppliers of frozen fish meat imports to Venezuela, together comprising 90% of total imports. These countries were followed by Trinidad and Tobago and Portugal, which together accounted for a further 6.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of +22.8%), while imports for the other leaders experienced a decline.

In value terms, Chile ($X), Peru ($X) and the United States ($X) constituted the largest frozen fish meat suppliers to Venezuela, together comprising 82% of total imports. These countries were followed by Portugal and Trinidad and Tobago, which together accounted for a further 9.8%.

Portugal, with a CAGR of +32.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, with an increase of 37% against the previous year. Over the period under review, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2020 an increase of 101%. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of frozen fish meat consumption in 2020 were Japan, South Korea and China, together accounting for 36% of global consumption. These countries were followed by Russia, the United States, Thailand, Faroe Islands, Poland, Argentina, France, Vietnam, Germany and Taiwan Chinese), which together accounted for a further 35%.
The countries with the highest volumes of frozen fish meat production in 2020 were the United States, Vietnam and Norway, together accounting for 48% of global production. These countries were followed by India, China, Faroe Islands, Argentina, Russia, Bahrain, Indonesia, Japan, Thailand and the Netherlands, which together accounted for a further 39%.
In value terms, South Africa constituted the largest supplier of frozen fish meat to Venezuela.
In 2020, the average frozen fish meat export price amounted to $8,250 per ton, with an increase of 104% against the previous year.
In 2020, the average frozen fish meat import price amounted to $4,948 per ton, surging by 62% against the previous year.

This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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