Venezuela: Maltodextrine Market 2024

Maltodextrine Market Size in Venezuela

The Venezuelan maltodextrine market skyrocketed to $X in 2021, jumping by 16% 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). In general, consumption, however, continues to indicate a abrupt decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Maltodextrine Exports

Exports from Venezuela

In 2021, approx. X tons of maltodextrine and maltodextine syrup were exported from Venezuela; jumping by 798% compared with the previous year. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 4,689%. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, maltodextrine exports soared to $X in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 2,675%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for maltodextrine exports from Venezuela, with a 84% share of total exports. Moreover, maltodextrine exports to Chile exceeded the volume sent to the second major destination, Luxembourg (X kg), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Chile totaled +68.7%.

In value terms, Chile ($X) emerged as the key foreign market for maltodextrine and maltodextine syrup exports from Venezuela, comprising 80% of total exports. The second position in the ranking was held by Luxembourg ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Chile totaled +16.3%.

Export Prices by Country

The average maltodextrine export price stood at $X per ton in 2021, shrinking by -44.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 152% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (-8.9%), while the prices for the other major destinations experienced a decline.

Maltodextrine Imports

Imports into Venezuela

In 2021, approx. X tons of maltodextrine and maltodextine syrup were imported into Venezuela; jumping by 18% compared with the year before. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 708%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, maltodextrine imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 239% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest maltodextrine supplier to Venezuela, accounting for a 74% share of total imports. Moreover, maltodextrine imports from the United States exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. The third position in this ranking was held by China (X tons), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-31.5% per year) and China (-18.6% per year).

In value terms, the United States ($X) constituted the largest supplier of maltodextrine and maltodextine syrup to Venezuela, comprising 87% of total imports. The second position in the ranking was held by Turkey ($X), with a 5.2% share of total imports. It was followed by China, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-34.2% per year) and China (-21.2% per year).

Import Prices by Country

The average maltodextrine import price stood at $X per ton in 2021, waning by -2% against the previous year. In general, the import price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2018 an increase of 119% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :