Venezuela: Soya Bean Market 2025

Soya Bean Market Size in Venezuela

In 2021, the Venezuelan soya bean market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Soya bean consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Soya Bean Production in Venezuela

In value terms, soya bean production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 343% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of soya beans in Venezuela soared to X tons per ha in 2021, increasing by 85% on the previous year. In general, the yield posted strong growth. The growth pace was the most rapid in 2017 when the yield increased by 474% against the previous year. Over the period under review, the average soya bean yield reached the peak level at X tons per ha in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Venezuela reduced to X ha in 2021, which is down by -8.6% compared with 2020. In general, the harvested area faced a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 26%. The soya bean harvested area peaked at X ha in 2012; however, from 2013 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from Venezuela

In 2015, approx. X tons of soya beans were exported from Venezuela; jumping by 18% against 2014 figures. In general, total exports indicated significant growth from 2012 to 2015: its volume increased at an average annual rate of +20.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2015 figures, exports increased by +73.8% against 2012 indices. The most prominent rate of growth was recorded in 2013 with an increase of 24%. The exports peaked in 2015 and are expected to retain growth in the immediate term.

In value terms, soya bean exports stood at $X in 2015. Over the period under review, total exports indicated a significant expansion from 2012 to 2015: its value increased at an average annual rate of +23.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2015 figures, exports increased by +88.0% against 2012 indices. The pace of growth was the most pronounced in 2013 with an increase of 32%. The exports peaked in 2015 and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for soya bean exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2015, the average annual growth rate of volume to the Netherlands was relatively modest.

In value terms, the Netherlands ($X) emerged as the key foreign market for soya bean exports from Venezuela.

From 2012 to 2015, the average annual growth rate of value to the Netherlands was relatively modest.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2015, dropping by -2.9% against the previous year. Over the last three years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 an increase of 6.8% against the previous year. The export price peaked at $X per ton in 2014, and then reduced modestly in the following year.

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

From 2012 to 2015, the rate of growth in terms of prices for Colombia amounted to +4.8% per year.

Soya Bean Imports

Imports into Venezuela

In 2021, purchases abroad of soya beans increased by 26% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 85%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, soya bean imports soared to $X in 2021. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 198%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main soya bean supplier to Venezuela, with a 100% share of total imports. It was followed by Brazil (X tons), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest.

In value terms, the United States ($X) constituted the largest supplier of soya bean to Venezuela, comprising 100% of total imports. The second position in the ranking was held by Brazil ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest.

Import Prices by Country

The average soya bean import price stood at $X per ton in 2021, increasing by 39% against the previous year. Over the period under review, the import price, however, showed a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 62%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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