Venezuela: Market for Roots and Tubers, nes 2022

Market Size for Roots and Tubers, nes in Venezuela

In 2020, after three years of growth, there was significant decline in the Venezuelan roots and tubers, nes market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Roots and tubers, nes consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Production of Roots and Tubers, nes in Venezuela

In value terms, roots and tubers, nes production reduced rapidly to $X in 2020 estimated in export prices. In general, production, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Roots and tubers, nes production peaked at $X in 2008; however, from 2009 to 2020, production stood at a somewhat lower figure.

The average yield of roots and tubers, nes in Venezuela fell slightly to X tons per ha in 2020, leveling off at 2019. Overall, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the yield increased by X% year-to-year. The roots and tubers, nes yield peaked at X tons per ha in 2019, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the harvested area of roots and tubers, nes in Venezuela expanded modestly to X ha, picking up by X% on the previous year's figure. Overall, the harvested area, however, saw a slight decrease. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. As a result, the harvested area attained the peak level of X ha. from 2010 to 2020, the growth of the roots and tubers, nes harvested area failed to regain the momentum.

Exports of Roots and Tubers, nes

Exports from Venezuela

In 2020, overseas shipments of roots and tubers, nes increased by X% to X tons for the first time since 2017, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a perceptible shrinkage. Exports peaked at X tons in 2017; however, from 2018 to 2020, exports failed to regain the momentum.

In value terms, roots and tubers, nes exports skyrocketed to $X in 2020. Overall, exports, however, saw a abrupt decline. Exports peaked at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for roots and tubers, nes exports from Venezuela, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Aruba stood at -X%.

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

From 2007 to 2020, the average annual growth rate of value to Aruba amounted to -X%.

Export Prices by Country

The average roots and tubers, nes export price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the export price continues to indicate a mild descent. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per ton in 2008; however, from 2009 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Imports of Roots and Tubers, nes

Imports into Venezuela

For the fourth year in a row, Venezuela recorded decline in overseas purchases of roots and tubers, nes, which decreased by -X% to X kg in 2020. Over the period under review, imports saw a dramatic setback. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, roots and tubers, nes imports reduced notably to $X in 2020. Overall, imports faced a sharp contraction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2011 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2018, Nigeria (X kg) was the main roots and tubers, nes supplier to Venezuela, accounting for a X% share of total imports. Moreover, roots and tubers, nes imports from Nigeria exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2007 to 2018, the average annual rate of growth in terms of volume from Nigeria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Hong Kong SAR (-X% per year).

In value terms, Nigeria ($X) constituted the largest supplier of roots and tubers, nes to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2018, the average annual rate of growth in terms of value from Nigeria was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Hong Kong SAR (-X% per year).

Import Prices by Country

The average roots and tubers, nes import price stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2010; however, from 2011 to 2018, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Hong Kong SAR ($X per ton), while the price for Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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