Venezuela: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Venezuela

In 2022, after three years of growth, there was decline in the Venezuelan lettuce and chicory market, when its value decreased by -2.8% to $X. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank modestly in the following year.

Lettuce And Chicory Production in Venezuela

In value terms, lettuce and chicory production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 21%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

The average yield of lettuce and chicory in Venezuela shrank modestly to X tons per ha in 2022, therefore, remained relatively stable against the previous year. In general, the yield, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average lettuce and chicory yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of lettuce and chicory were harvested in Venezuela; with a decrease of -2.6% against 2021. Overall, the total harvested area indicated buoyant growth from 2012 to 2022: its figure increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lettuce and chicory harvested area increased by +51.1% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 27%. Over the period under review, the harvested area dedicated to lettuce and chicory production attained the peak figure at X ha in 2021, and then dropped slightly in the following year.

Lettuce And Chicory Exports

Exports from Venezuela

In 2022, after ten years of growth, there was significant decline in shipments abroad of lettuce and chicory, when their volume decreased by -6.8% to X tons. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2013 with an increase of 403%. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, lettuce and chicory exports shrank to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 363% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Aruba (X tons) was the main destination for lettuce and chicory exports from Venezuela, with a 98% share of total exports. It was followed by Niger (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Aruba stood at +33.9%.

In value terms, Aruba ($X) remains the key foreign market for lettuce and chicory exports from Venezuela, comprising 98% of total exports. The second position in the ranking was held by Niger ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba stood at +32.1%.

Export Prices by Country

The average lettuce and chicory export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a mild decline. The growth pace was the most rapid in 2019 when the average export price increased by 30%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($X per ton), while the average price for exports to Aruba stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (-1.3%).

Lettuce And Chicory Imports

Imports into Venezuela

In 2022, after four years of growth, there was decline in overseas purchases of lettuce and chicory, when their volume decreased by -4% to X tons. Over the period under review, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 77% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lettuce and chicory imports dropped modestly to $X in 2022. In general, imports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 when imports increased by 94%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, the Dominican Republic (X tons) was the main supplier of lettuce and chicory to Venezuela, with a 96% share of total imports. Moreover, lettuce and chicory imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Egypt (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Dominican Republic amounted to +66.2%.

In value terms, the Dominican Republic ($X) constituted the largest supplier of lettuce and chicory to Venezuela, comprising 98% of total imports. The second position in the ranking was held by Egypt ($X), with a 1.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the Dominican Republic totaled +72.7%.

Import Prices by Country

The average lettuce and chicory import price stood at $X per ton in 2022, with an increase of 4.1% against the previous year. Overall, the import price recorded a significant increase. The growth pace was the most rapid in 2016 when the average import price increased by 129%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 the Dominican Republic ($X per ton), while the price for Egypt totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+105.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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