Venezuela: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2025

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Venezuela

After two years of growth, the Venezuelan market for frozen pig meat other than cuts or carcases decreased by -5.2% to $X in 2022. Overall, consumption saw a perceptible decrease. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Venezuela

After two years of decline, overseas shipments of frozen pig meat other than cuts or carcases decreased by 0% to X tons in 2020. In general, exports faced a sharp shrinkage. The smallest decline of 99.9% was in 2018. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2020, the exports failed to regain momentum.

In value terms, exports of frozen pig meat other than cuts or carcases amounted to $X in 2020. Overall, exports continue to indicate a sharp shrinkage. The smallest decline of 99.9% was in 2018. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for exports of frozen pig meat other than cuts or carcases 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 Thailand was relatively modest.

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

Export Prices by Country

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2020, therefore, remained relatively stable against the previous year. In general, the export price showed a sharp reduction. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, the export prices stood at a somewhat lower figure.

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

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

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Venezuela

In 2022, supplies from abroad of frozen pig meat other than cuts or carcases decreased by -4.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a slight decrease. The growth pace was the most rapid in 2013 with an increase of 28%. Over the period under review, imports of hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases contracted to $X in 2022. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 43% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Portugal (X tons), Spain (X tons) and Brazil (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Venezuela, with a combined 100% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +65.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Portugal ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Venezuela, comprising 83% of total imports. The second position in the ranking was held by Spain ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+53.8% per year) and Brazil (-45.1% per year).

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, flattening at the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 an increase of 15%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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