Venezuela: Market for Salted, Dried or Smoked Meat, and Offal 2025

Market Size for Salted, Dried or Smoked Meat, and Offal in Venezuela

In 2022, after four years of growth, there was significant decline in the Venezuelan market for salted, dried or smoked meat, and offal, when its value decreased by -27.2% to $X. Overall, consumption, however, posted a prominent increase. Over the period under review, the market hit record highs at $X in 2021, and then declined sharply in the following year.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Venezuela

After two years of decline, overseas shipments of salted, dried or smoked meat, and offal decreased by 0% to X kg in 2018. In general, exports saw a precipitous setback. The smallest decline of 99.9% was in 2016. The exports peaked at X tons in 2013; however, from 2014 to 2018, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal amounted to $X in 2018. Over the period under review, exports saw a sharp slump. The smallest decline of 99.9% was in 2016. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

Exports by Country

Germany (X kg) and the Dominican Republic (X kg) were the main destinations of exports of salted, dried or smoked meat, and offal from Venezuela.

From 2013 to 2018, the biggest increases were recorded for the Dominican Republic (with a CAGR of 0.0%).

In value terms, the Dominican Republic ($X) and Germany ($X) were the largest markets for salted, dried or smoked meat, and offal exported from Venezuela worldwide.

The Dominican Republic, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average export price for salted, dried or smoked meat, and offal stood at $X per ton in 2018, approximately equating the previous year. Overall, the export price posted a measured expansion. The pace of growth was the most pronounced in 2016 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-15.0%).

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Venezuela

In 2022, after four years of growth, there was significant decline in overseas purchases of salted, dried or smoked meat, and offal, when their volume decreased by -11.5% to X tons. Overall, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 375%. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of salted, dried or smoked meat, and offal fell dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 335% against the previous year. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Venezuela, with a 37% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from the United States exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Spain (X tons) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.9% per year) and Spain (+2.0% per year).

In value terms, the largest salted, dried or smoked meat, and offal suppliers to Venezuela were Italy ($X), the United States ($X) and Spain ($X), together accounting for 47% of total imports. Argentina, Colombia, France and Aruba lagged somewhat behind, together accounting for a further 18%.

France, with a CAGR of +64.7%, 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 more modest paces of growth.

Import Prices by Country

The average import price for salted, dried or smoked meat, and offal stood at $X per ton in 2022, declining by -24.3% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 an increase of 52% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced markedly in the following year.

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 Argentina ($X per ton), while the price for Aruba ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform