Venezuela: Dry Peas Market 2025

Dry Peas Market Size in Venezuela

The Venezuelan dry peas market soared to $X in 2021, jumping by 183% against the previous year. Over the period under review, consumption, however, showed a perceptible reduction. Dry peas consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Dry Peas Production in Venezuela

In value terms, dry peas production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 39%. Dry peas production peaked at $X in 2020, and then contracted in the following year.

In 2021, the average dry peas yield in Venezuela shrank slightly to X tons per ha, waning by -4.7% compared with the previous year's figure. Overall, the yield continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2015 when the yield increased by 18% against the previous year. Over the period under review, the average dry peas yield reached the maximum level at X tons per ha in 2016; however, from 2017 to 2021, 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 dry peas harvested area in Venezuela totaled X ha in 2021, surging by 6.8% against 2020 figures. Overall, the harvested area, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 15%. The dry peas harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports from Venezuela

In 2021, the amount of peas (dry) exported from Venezuela contracted dramatically to X kg, dropping by -74.8% against 2020. In general, exports recorded a dramatic curtailment. The smallest decline of -49.8% was in 2020. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, dry peas exports contracted dramatically to $X in 2021. Over the period under review, exports faced a precipitous slump. The smallest decline of -42.7% was in 2020. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for dry peas exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2019 to 2021, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for dry peas exports from Venezuela.

From 2019 to 2021, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

The average dry peas export price stood at $X per ton in 2021, surging by 30% against the previous year. In general, export price indicated a significant expansion from 2019 to 2021: its price increased at an average annual rate of +22.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas export price increased by +48.8% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2019 to 2021, the rate of growth in terms of prices for Turkey amounted to 0.0% per year.

Dry Peas Imports

Imports into Venezuela

For the third year in a row, Venezuela recorded growth in purchases abroad of peas (dry), which increased by 158% to X tons in 2021. Overall, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, dry peas imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a perceptible reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest dry peas supplier to Venezuela, accounting for a 84% share of total imports. Moreover, dry peas imports from Canada exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold. The third position in this ranking was taken by Panama (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+15.6% per year) and Panama (+17.1% per year).

In value terms, Canada ($X) constituted the largest supplier of dry peas to Venezuela, comprising 82% of total imports. The second position in the ranking was held by Chile ($X), with a 7.7% share of total imports. It was followed by Panama, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+1.2% per year) and Panama (+15.4% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, growing by 20% against the previous year. In general, the import price, however, saw a mild downturn. The growth pace was the most rapid in 2018 an increase of 35%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Chile ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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