Report Update Nov 1, 2024

Venezuela - Sugars, Sugar Ethers and Salts - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Sugars Market 2024

Sugars Market Size in Venezuela

The Venezuelan sugars market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Sugars consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Sugars Exports

Exports from Venezuela

In 2015, overseas shipments of sugars, sugar ethers and salts decreased by -63.5% to X kg, falling for the second consecutive year after two years of growth. Overall, exports showed a sharp slump. The pace of growth appeared the most rapid in 2013 with an increase of 16% against the previous year. As a result, the exports attained the peak of X kg. From 2014 to 2015, the growth of the exports failed to regain momentum.

In value terms, sugars exports contracted sharply to $X in 2015. In general, exports recorded a dramatic contraction. The smallest decline of -0.6% was in 2013. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2015, the exports remained at a lower figure.

Exports by Country

Argentina (X kg) was the main destination for sugars exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2015, the average annual rate of growth in terms of volume to Argentina totaled -38.9%.

In value terms, Argentina ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from Venezuela.

From 2012 to 2015, the average annual rate of growth in terms of value to Argentina totaled -40.0%.

Export Prices by Country

In 2015, the average sugars export price amounted to $X per ton, declining by -1.9% against the previous year. Over the period under review, the export price showed a slight downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 13%. The export price peaked at $X per ton in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

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

From 2012 to 2015, the rate of growth in terms of prices for Argentina amounted to -1.8% per year.

Sugars Imports

Imports into Venezuela

In 2021, overseas purchases of sugars, sugar ethers and salts were finally on the rise to reach X tons after two years of decline. Overall, imports continue to indicate pronounced growth. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, sugars imports surged to $X in 2021. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of sugars imports to Venezuela, together comprising 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +23.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of sugars, sugar ethers and salts to Venezuela, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Canada, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.4% per year) and Canada (+4.8% per year).

Import Prices by Country

In 2021, the average sugars import price amounted to $X per ton, falling by -8.2% against the previous year. Over the period under review, the import price showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when the average import price increased by 182%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1,296.9%), 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 sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 41% share of global consumption. These countries were followed by Japan, Brazil, Spain, Germany, Switzerland, Indonesia, Poland, Russia, the Philippines and South Korea, which together accounted for a further 29%.

What are the largest producers of sugars, sugar ethers and salts in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together accounting for 49% of global production. These countries were followed by Thailand, India, Indonesia, France, Austria, Brazil, South Africa, the Philippines and the UK, which together accounted for a further 39%.

What are the leading suppliers of sugars, sugar ethers and salts to Venezuela?

In value terms, the United States constituted the largest supplier of sugars to Venezuela, comprising 77% of total imports. The second position in the ranking was occupied by the Netherlands, with a 21% share of total imports.

What is the average export price for sugars, sugar ethers and salts in Venezuela?

The average sugars export price stood at $7,585 per ton in 2014, rising by 42% against the previous year.

What is the average import price for sugars, sugar ethers and salts in Venezuela?

The average sugars import price stood at $4,838 per ton in 2021, shrinking by -14.1% against the previous year.

This report provides an in-depth analysis of the sugars 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 21104000 - Sugars, pure (excluding glucose, etc.), sugar ethers and salts, etc.

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