Venezuela: Potato Market 2025

Potato Market Size in Venezuela

In 2021, after three years of growth, there was decline in the Venezuelan potato market, when its value decreased by -3.9% to $X. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then declined slightly in the following year.

Potato Production in Venezuela

In value terms, potato production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 18%. Potato production peaked at $X in 2020, and then shrank in the following year.

In 2021, the average yield of potatoes in Venezuela fell modestly to X tons per ha, almost unchanged from 2020 figures. Over the period under review, the yield continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the yield increased by 3.6% against the previous year. Over the period under review, the average potato yield reached the peak level at X tons per ha in 2012; however, from 2013 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.

In 2021, the potato harvested area in Venezuela declined modestly to X ha, which is down by -2.1% against 2020 figures. The harvested area increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 24% against the previous year. Over the period under review, the harvested area dedicated to potato production attained the maximum at X ha in 2015; however, from 2016 to 2021, the harvested area failed to regain momentum.

Potato Exports

Exports from Venezuela

In 2021, overseas shipments of potatoes decreased by -2.6% to X tons, falling for the sixth consecutive year after four years of growth. Overall, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.5% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 144%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, potato exports totaled $X in 2021. In general, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +7.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 129% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

Aruba (X tons) was the main destination for potato exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Aruba totaled +8.8%.

In value terms, Aruba ($X) also remains the key foreign market for potato exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Aruba stood at +10.3%.

Export Prices by Country

The average potato export price stood at $X per ton in 2021, picking up by 3.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 an increase of 3.9% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to +1.5% per year.

Potato Imports

Imports into Venezuela

For the ninth consecutive year, Venezuela recorded decline in supplies from abroad of potatoes, which decreased by -43.2% to X tons in 2021. In general, imports faced a dramatic decrease. The smallest decline of -24.6% was in 2020. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, potato imports dropped notably to $X in 2021. Overall, imports saw a dramatic contraction. The smallest decline of -1.1% was in 2017. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of potato to Venezuela, accounting for a 85% share of total imports. Moreover, potato imports from Argentina exceeded the figures recorded by the second-largest supplier, Canada (X tons), more than tenfold. The third position in this ranking was taken by Colombia (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Argentina stood at -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-53.8% per year) and Colombia (-52.5% per year).

In value terms, Argentina ($X) constituted the largest supplier of potato to Venezuela, comprising 90% of total imports. The second position in the ranking was taken by Colombia ($X), with a 5.1% share of total imports. It was followed by Canada, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Argentina stood at -9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-48.9% per year) and Canada (-55.6% per year).

Import Prices by Country

In 2021, the average potato import price amounted to $X per ton, rising by 11% against the previous year. Over the period under review, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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