Venezuela: Market for Preparations Used In Animal Feeding 2025

Market Size for Preparations Used In Animal Feeding in Venezuela

The Venezuelan preparations for animal feeding market amounted to $X in 2022, with an increase of 4% against the previous year. Over the period under review, consumption, however, continues to indicate a slight curtailment. Preparations for animal feeding consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Preparations Used In Animal Feeding in Venezuela

In value terms, preparations for animal feeding production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild descent. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Preparations Used In Animal Feeding

Exports from Venezuela

In 2022, shipments abroad of preparations used in animal feeding increased by 11% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 589% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, preparations for animal feeding exports soared to $X in 2022. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 213%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Panama (X tons) was the main destination for preparations for animal feeding exports from Venezuela, with a 65% share of total exports. Moreover, preparations for animal feeding exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+5,401.3% per year) and the United States (+5.5% per year).

In value terms, the largest markets for preparations for animal feeding exported from Venezuela were the Dominican Republic ($X), Panama ($X) and the United States ($X), together comprising 98% of total exports.

The Dominican Republic, with a CAGR of +5,236.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preparations for animal feeding export price stood at $X per ton in 2022, rising by 76% against the previous year. Over the period under review, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2016 when the average export price increased by 111% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+138.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Preparations Used In Animal Feeding

Imports into Venezuela

In 2022, imports of preparations used in animal feeding into Venezuela declined to X tons, which is down by -8.3% compared with 2021 figures. In general, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preparations for animal feeding imports skyrocketed to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. 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

Brazil (X tons), China (X tons) and Argentina (X tons) were the main suppliers of preparations for animal feeding imports to Venezuela, with a combined 59% share of total imports. The United States, Italy, Spain, Canada and the Netherlands lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +56.8%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X), Brazil ($X) and China ($X) appeared to be the largest preparations for animal feeding suppliers to Venezuela, together accounting for 55% of total imports. Argentina, Spain, Canada, Italy and the Netherlands lagged somewhat behind, together comprising a further 27%.

Italy, with a CAGR of +53.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average preparations for animal feeding import price amounted to $X per ton, with an increase of 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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