Venezuela: Pulses Market 2024

Pulses Market Size in Venezuela

The Venezuelan pulses market fell to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pulses Production in Venezuela

In value terms, pulses production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Pulses production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of pulses in Venezuela dropped to X kg per ha, waning by X% against 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the yield attained the peak level of X kg per ha. From 2014 to 2022, the growth of the average pulses 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 2022, the pulses harvested area in Venezuela declined slightly to X ha, waning by X% compared with the previous year. Overall, the harvested area, however, showed a buoyant expansion. The growth pace was the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pulses production attained the peak figure at X ha in 2021, and then shrank in the following year.

Pulses Exports

Exports from Venezuela

In 2022, the amount of pulses exported from Venezuela was estimated at X tons, surging by X% on 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, pulses exports surged to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates (X tons) was the main destination for pulses exports from Venezuela, accounting for a X% share of total exports. Moreover, pulses exports to the United Arab Emirates exceeded the volume sent to the second major destination, Indonesia (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pulses exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with an X% share of total exports. It was followed by Turkey, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Turkey (X% per year).

Export Prices by Country

The average pulses export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United Arab Emirates ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Venezuela

Pulses imports into Venezuela reduced to X tons in 2022, waning by X% compared with the year before. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pulses imports declined markedly to $X in 2022. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Canada (X tons), Argentina (X tons) and Mexico (X tons) were the main suppliers of pulses imports to Venezuela, together accounting for X% of total imports. Chile, China, Panama, Colombia and Nicaragua lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest pulses suppliers to Venezuela were Canada ($X), Argentina ($X) and Mexico ($X), together comprising X% of total imports. China, Colombia, Chile, Nicaragua and Panama lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price saw a noticeable decrease. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Nicaragua ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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