Venezuela: Market for Pasta Stuffed With Meat, Fish and Cheese 2024

Market Size for Pasta Stuffed With Meat, Fish and Cheese in Venezuela

The Venezuelan market for pasta stuffed with meat, fish and cheese shrank to $X in 2022, waning by -13.5% 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). Overall, consumption continues to indicate a abrupt downturn. Meat, fish or cheese pasta consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Pasta Stuffed With Meat, Fish and Cheese

Exports from Venezuela

In 2022, shipments abroad of pasta stuffed with meat, fish and cheese decreased by -3.5% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when exports increased by 138%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, meat, fish or cheese pasta exports contracted to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 79% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Aruba (X tons) was the main destination for meat, fish or cheese pasta exports from Venezuela, accounting for a 76% share of total exports. Moreover, meat, fish or cheese pasta exports to Aruba exceeded the volume sent to the second major destination, Slovenia (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba amounted to +9.5%.

In value terms, Slovenia ($X) remains the key foreign market for pasta stuffed with meat, fish and cheese exports from Venezuela, comprising 73% of total exports. The second position in the ranking was taken by Aruba ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to +8.4%.

Export Prices by Country

In 2022, the average export price for pasta stuffed with meat, fish and cheese amounted to $X per ton, shrinking by -3.4% against the previous year. Over the period under review, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 247% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($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 (-3.5%).

Imports of Pasta Stuffed With Meat, Fish and Cheese

Imports into Venezuela

In 2022, imports of pasta stuffed with meat, fish and cheese into Venezuela fell to X tons, dropping by -10.7% compared with the previous year. In general, imports continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2019 with an increase of 183% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat, fish or cheese pasta imports fell to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 160%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) constituted the largest meat, fish or cheese pasta supplier to Venezuela, accounting for a 56% share of total imports. Moreover, meat, fish or cheese pasta imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume from Hong Kong SAR stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.5% per year) and Spain (+33.7% per year).

In value terms, Hong Kong SAR ($X) constituted the largest supplier of pasta stuffed with meat, fish and cheese to Venezuela, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by Italy, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from Hong Kong SAR stood at -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-12.2% per year) and Italy (-7.6% per year).

Import Prices by Country

The average import price for pasta stuffed with meat, fish and cheese stood at $X per ton in 2022, which is down by -3.3% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 59%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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