Venezuela: Root And Tuber Market 2024

Root And Tuber Market Size in Venezuela

The Venezuelan root and tuber market reached $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Root and tuber consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Root And Tuber Production in Venezuela

In value terms, root and tuber production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Root and tuber production peaked at $X in 2020; afterwards, it flattened through to 2022.

The average yield of roots and tubers in Venezuela dropped modestly to X tons per ha in 2022, leveling off at the previous year's figure. 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 X% against the previous year. Over the period under review, the average root and tuber yield attained the peak level at X tons per ha in 2014; however, from 2015 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The root and tuber harvested area in Venezuela declined slightly to X ha in 2022, stabilizing at the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 when the harvested area increased by X%. As a result, the harvested area reached the peak level of X ha. From 2018 to 2022, the growth of the root and tuber harvested area remained at a somewhat lower figure.

Root And Tuber Exports

Exports from Venezuela

After two years of growth, shipments abroad of roots and tubers decreased by X% to X tons in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then reduced remarkably in the following year.

In value terms, root and tuber exports contracted to $X in 2022. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) and Aruba (X tons) were the main destinations of root and tuber exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%).

In value terms, the largest markets for root and tuber exported from Venezuela were Portugal ($X) and Aruba ($X).

In terms of the main countries of destination, Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average root and tuber export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Root And Tuber Imports

Imports into Venezuela

After nine years of decline, overseas purchases of roots and tubers increased by X% to X tons in 2022. Overall, imports, however, recorded a significant decline. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, root and tuber imports expanded notably to $X in 2022. In general, imports, however, saw a significant contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Argentina (X tons) constituted the largest root and tuber supplier to Venezuela, with a X% share of total imports. Moreover, root and tuber imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and the United States (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of roots and tubers to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average root and tuber import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, posted a perceptible increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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