Venezuela: Market for Processed cheese (excluding grated or powdered) 2021

Market Size for Processed cheese (excluding grated or powdered) in Venezuela

The Venezuelan market for processed cheese (excluding grated or powdered) fell modestly to $X in 2020, declining by -X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. From 2010 to 2020, the growth of the market remained at a lower figure.

Production of Processed cheese (excluding grated or powdered) in Venezuela

In value terms, production of processed cheese (excluding grated or powdered) contracted slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2010 to 2020, production growth remained at a somewhat lower figure.

Exports of Processed cheese (excluding grated or powdered)

Exports from Venezuela

In 2020, shipments abroad of processed cheese (excluding grated or powdered) increased by X% to X tons, rising for the sixth year in a row after five years of decline. Overall, exports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, exports of processed cheese (excluding grated or powdered) soared to $X in 2020. In general, exports, however, posted measured growth. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked in 2020 and are likely to see steady growth in years to come.

Exports by Country

Spain (X tons) was the main destination for exports of processed cheese (excluding grated or powdered) from Venezuela, with a X% share of total exports. Moreover, exports of processed cheese (excluding grated or powdered) to Spain exceeded the volume sent to the second major destination, Aruba (X tons), fourfold.

From 2007 to 2020, the average annual growth rate of volume to Spain amounted to +X%.

In value terms, Spain ($X) remains the key foreign market for processed cheese (excluding grated or powdered) exports from Venezuela, comprising X% of total exports. The second position in the ranking was occupied by Aruba ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Spain totaled +X%.

Export Prices by Country

In 2020, the average export price for processed cheese (excluding grated or powdered) amounted to $X per ton, surging by X% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the peak figure at $X per ton in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($X per ton), while the average price for exports to Aruba totaled $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Aruba.

Imports of Processed cheese (excluding grated or powdered)

Imports into Venezuela

In 2020, imports of processed cheese (excluding grated or powdered) into Venezuela reduced to X tons, dropping by -X% on the previous year. In general, imports recorded a pronounced decline. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. From 2009 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, imports of processed cheese (excluding grated or powdered) shrank to $X in 2020. Overall, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

France (X tons), Austria (X tons) and the U.S. (X tons) were the main suppliers of imports of processed cheese (excluding grated or powdered) to Venezuela, together accounting for X% of total imports. Germany, Brazil and Mexico lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Germany (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest processed cheese (excluding grated or powdered) suppliers to Venezuela were France ($X), Austria ($X) and the U.S. ($X), with a combined X% share of total imports. Germany, Mexico and Brazil lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed cheese (excluding grated or powdered) stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2007; however, from 2008 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Austria, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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