Report Update Nov 1, 2024

Venezuela - Soups and Broths - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Soups Market 2024

Soups Market Size in Venezuela

In 2021, after three years of decline, there was significant growth in the Venezuelan soups market, when its value increased by 5.6% to $X. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Soups Production in Venezuela

In value terms, soups production stood at $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.8% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Soups Exports

Exports from Venezuela

In 2021, overseas shipments of soups and broths increased by 1.7% to X kg, rising for the third consecutive year after three years of decline. Over the period under review, exports, however, saw a significant decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 54% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, soups exports reduced to $X in 2021. In general, exports, however, recorded a sharp slump. The most prominent rate of growth was recorded in 2014 with an increase of 61% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for soups exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Aruba stood at -21.3%.

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

From 2012 to 2021, the average annual growth rate of value to Aruba stood at -13.9%.

Export Prices by Country

In 2021, the average soups export price amounted to $X per ton, reducing by -6.6% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 an increase of 68% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average 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 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to +9.3% per year.

Soups Imports

Imports into Venezuela

For the third year in a row, Venezuela recorded growth in overseas purchases of soups and broths, which increased by 161% to X tons in 2021. Over the period under review, imports saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 485%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, soups imports soared to $X in 2021. In general, imports posted a tangible increase. The growth pace was the most rapid in 2020 with an increase of 562%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of soups to Venezuela, with a 72% share of total imports. Moreover, soups imports from Turkey exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Senegal (X tons), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled +480.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and Senegal (+28.3% per year).

In value terms, Turkey ($X) constituted the largest supplier of soups and broths to Venezuela, comprising 67% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Chile, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from Turkey amounted to +845.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.7% per year) and Chile (+19.5% per year).

Import Prices by Country

The average soups import price stood at $X per ton in 2021, increasing by 11% against the previous year. In general, the import price, however, saw a mild contraction. The growth pace was the most rapid in 2013 an increase of 19%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Suriname ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+63.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soups and broths in the world?

The countries with the highest volumes of soups consumption in 2021 were China, the United States and India, together accounting for 31% of global consumption. These countries were followed by Japan, Russia, the UK, Brazil, France, Indonesia, Pakistan, Nigeria, Bangladesh and Spain, which together accounted for a further 27%.

What are the largest producers of soups and broths in the world?

The countries with the highest volumes of soups production in 2021 were China, the United States and India, together accounting for 32% of global production. Japan, Russia, the UK, Brazil, Spain, Indonesia, Pakistan, France, Nigeria and Bangladesh lagged somewhat behind, together comprising a further 27%.

What are the leading suppliers of soups and broths to Venezuela?

In value terms, the United States constituted the largest supplier of soups to Venezuela, comprising 67% of total imports. The second position in the ranking was occupied by Chile, with a 15% share of total imports. It was followed by Mexico, with a 9.9% share.

What are the leading importers of soups and broths from Venezuela?

In value terms, the United States remains the key foreign market for soups exports from Venezuela, comprising 80% of total exports. The second position in the ranking was occupied by Aruba $277), with a 19% share of total exports.

What is the average export price for soups and broths in Venezuela?

The average soups export price stood at $2,054 per ton in 2021, almost unchanged from the previous year.

What is the average import price for soups and broths in Venezuela?

The average soups import price stood at $2,378 per ton in 2021, reducing by -2.4% against the previous year.

This report provides an in-depth analysis of the soups market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10891100 - Soups and broths and preparations therefor

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023