Venezuela: Market for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes 2024

Market Size for Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Venezuela

In 2021, the Venezuelan fruit or nut preserves market decreased by -9.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.1% against 2017 indices. As a result, consumption attained the peak level of $X, and then declined in the following year.

Production of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes in Venezuela

In value terms, fruit or nut preserves production contracted to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 50%. Fruit or nut preserves production peaked at $X in 2020, and then shrank in the following year.

Exports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Exports from Venezuela

In 2021, shipments abroad of jams, marmalades, fruit jellies, fruit or nut purees and pastes decreased by -1.7% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2014 when exports increased by 184%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, fruit or nut preserves exports amounted to $X in 2021. Overall, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2019 when exports increased by 182% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X tons) was the main destination for fruit or nut preserves exports from Venezuela, accounting for a 92% share of total exports. Moreover, fruit or nut preserves exports to Chile exceeded the volume sent to the second major destination, Portugal (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to +16.7%.

In value terms, Portugal ($X) and Chile ($X) appeared to be the largest markets for fruit or nut preserves exported from Venezuela worldwide.

Portugal, with a CAGR of +69.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average fruit or nut preserves export price amounted to $X per ton, surging by 2.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+13.3%).

Imports of Jams, Marmalades, Fruit Jellies, Fruit Or Nut Purees And Pastes

Imports into Venezuela

In 2021, overseas purchases of jams, marmalades, fruit jellies, fruit or nut purees and pastes were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. In general, imports, however, faced a deep setback. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit or nut preserves imports surged to $X in 2021. Overall, imports, however, recorded a dramatic decrease. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Chile (X tons) was the main supplier of fruit or nut preserves to Venezuela, with a 91% share of total imports. It was followed by Guatemala (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Chile totaled -18.3%.

In value terms, Chile ($X) constituted the largest supplier of jams, marmalades, fruit jellies, fruit or nut purees and pastes to Venezuela, comprising 82% of total imports. The second position in the ranking was held by Guatemala ($X), with a 0.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Chile totaled -21.5%.

Import Prices by Country

In 2021, the average fruit or nut preserves import price amounted to $X per ton, which is down by -14.4% against the previous year. Over the period under review, the import price recorded a perceptible setback. The growth pace was the most rapid in 2020 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Guatemala amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-4.0%).

Source: IndexBox Platform

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