Report Update Nov 1, 2024

Venezuela - Non-Wheat Flour - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Non-Wheat Flour Market 2024

Non-Wheat Flour Market Size in Venezuela

In 2021, the Venezuelan non-wheat flour market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a slight curtailment. Non-wheat flour consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Non-Wheat Flour Production in Venezuela

In value terms, non-wheat flour production soared to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable descent. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Non-Wheat Flour Exports

Exports from Venezuela

For the tenth consecutive year, Venezuela recorded growth in overseas shipments of non-wheat flours, which increased by 34% to X tons in 2021. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 89%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, non-wheat flour exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 69% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Peru (X tons) was the main destination for non-wheat flour exports from Venezuela, accounting for a 70% share of total exports. Moreover, non-wheat flour exports to Peru exceeded the volume sent to the second major destination, Chile (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume to Peru stood at +56.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+149.6% per year) and Germany (+136.9% per year).

In value terms, the largest markets for non-wheat flour exported from Venezuela were Peru ($X), Chile ($X) and Germany ($X), with a combined 98% share of total exports.

Among the main countries of destination, Chile, with a CAGR of +161.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-wheat flour export price stood at $X per ton in 2021, with an increase of 23% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+53.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Wheat Flour Imports

Imports into Venezuela

In 2021, non-wheat flour imports into Venezuela contracted notably to X tons, reducing by -17.1% compared with the previous year's figure. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 6,016% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-wheat flour imports declined to $X in 2021. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 4,204% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) was the main non-wheat flour supplier to Venezuela, accounting for a 99% share of total imports. It was followed by Chile (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil stood at +143.4%.

In value terms, Brazil ($X) constituted the largest supplier of non-wheat flours to Venezuela, comprising 99% of total imports. The second position in the ranking was held by Chile ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil totaled +126.9%.

Import Prices by Country

In 2021, the average non-wheat flour import price amounted to $X per ton, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Chile stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-wheat flours in the world?

The countries with the highest volumes of non-wheat flour consumption in 2020 were China, the United States and India, together comprising 44% of global consumption.

What are the largest producers of non-wheat flours in the world?

The countries with the highest volumes of non-wheat flour production in 2020 were China, the United States and India, together accounting for 44% of global production. Mexico, Indonesia, Japan, Brazil, Bangladesh, Thailand and Pakistan lagged somewhat behind, together accounting for a further 16%.

What are the leading suppliers of non-wheat flours to Venezuela?

In value terms, Brazil constituted the largest supplier of non-wheat flour to Venezuela, comprising 94% of total imports. The second position in the ranking was occupied by the United States, with a 2.7% share of total imports.

What are the leading importers of non-wheat flours from Venezuela?

In value terms, Peru emerged as the key foreign market for non-wheat flour exports from Venezuela, comprising 68% of total exports. The second position in the ranking was occupied by Chile, with a 22% share of total exports.

What is the average export price for non-wheat flours in Venezuela?

The average non-wheat flour export price stood at $868 per ton in 2020, waning by -44.3% against the previous year.

What is the average import price for non-wheat flours in Venezuela?

The average non-wheat flour import price stood at $497 per ton in 2020, with a decrease of -5% against the previous year.

This report provides an in-depth analysis of the non-wheat flour market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10612200 - Cereal flours (excluding wheat or meslin)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023