Venezuela: Fruit Market 2024

Fruit Market Size in Venezuela

The Venezuelan fruit market expanded to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Fruit consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Fruit Production in Venezuela

In value terms, fruit production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

The average yield of fruits in Venezuela fell to X tons per ha in 2022, remaining constant against the previous year. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The fruit yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The fruit harvested area in Venezuela totaled X ha in 2022, remaining stable against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the harvested area dedicated to fruit production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area remained at a lower figure.

Fruit Exports

Exports from Venezuela

Fruit exports from Venezuela dropped to X tons in 2022, waning by X% compared with 2021. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, fruit exports contracted remarkably to $X in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for fruit exports from Venezuela, with a X% share of total exports. Moreover, fruit exports to Aruba exceeded the volume sent to the second major destination, Colombia (X tons), fivefold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Spain (X% per year).

In value terms, Aruba ($X) remains the key foreign market for fruits exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Spain (X% per year).

Export Prices by Country

The average fruit export price stood at $X per ton in 2022, declining by X% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fruit export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fruit Imports

Imports into Venezuela

After three years of growth, overseas purchases of fruits decreased by X% to X tons in 2022. Over the period under review, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fruit imports declined dramatically to $X in 2022. In general, imports showed a sharp reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Chile (X tons) constituted the largest fruit supplier to Venezuela, with a X% share of total imports. Moreover, fruit imports from Chile exceeded the figures recorded by the second-largest supplier, Argentina (X tons), sevenfold. The third position in this ranking was held by Peru (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Peru (X% per year).

In value terms, Chile ($X) constituted the largest supplier of fruits to Venezuela, comprising X% of total imports. The second position in the ranking was held by Peru ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Chile totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (X% per year) and Argentina (X% per year).

Import Prices by Country

The average fruit import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Peru ($X per ton), while the price for Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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