Venezuela: Market for Frozen Vegetables other than Potato and Corn 2025

Market Size for Frozen Vegetables other than Potato and Corn in Venezuela

The Venezuelan market for frozen vegetables other than potato and corn dropped dramatically to $X in 2022, reducing by -22.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt curtailment. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Frozen Vegetables other than Potato and Corn

Exports from Venezuela

In 2022, approx. X tons of frozen vegetables other than potato and corn were exported from Venezuela; picking up by 1,408% on 2021. Overall, exports saw a strong increase. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen vegetables other than potato and corn surged to $X in 2022. Over the period under review, exports continue to indicate a remarkable increase. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for exports of frozen vegetables other than potato and corn from Venezuela, accounting for a approx. 50% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to +18.8%.

From 2013 to 2022, the average annual rate of growth in terms of value to Portugal totaled +3.2%.

Export Prices by Country

In 2022, the average export price for frozen vegetables other than potato and corn amounted to $X per ton, falling by -44.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 a decrease of -12.3%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, 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 Portugal.

From 2013 to 2022, the rate of growth in terms of prices for Aruba amounted to +23.8% per year.

Imports of Frozen Vegetables other than Potato and Corn

Imports into Venezuela

In 2022, the amount of frozen vegetables other than potato and corn imported into Venezuela reduced to X tons, dropping by -12.5% against 2021 figures. Overall, imports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of frozen vegetables other than potato and corn contracted sharply to $X in 2022. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Chile (X tons), Canada (X tons) and the United States (X tons) were the main suppliers of imports of frozen vegetables other than potato and corn to Venezuela, with a combined 62% share of total imports. Spain, China, Taiwan (Chinese) and Belgium lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +21.1%), while purchases for the other leaders experienced a decline.

In value terms, Chile ($X) constituted the largest supplier of frozen vegetables other than potato and corn to Venezuela, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Chile stood at -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.0% per year) and Taiwan (Chinese) (-8.7% per year).

Import Prices by Country

The average import price for frozen vegetables other than potato and corn stood at $X per ton in 2022, with a decrease of -9.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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