Report Update Nov 1, 2024

Venezuela - Sweet Biscuits Without Chocolate - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Sweet Biscuit Market 2024

Sweet Biscuit Market Size in Venezuela

In 2021, the Venezuelan sweet biscuit market increased by 180% to $X, rising for the third consecutive year after five years of decline. Overall, consumption saw a resilient increase. Sweet biscuit consumption peaked in 2021 and is likely to continue growth in years to come.

Sweet Biscuit Exports

Exports from Venezuela

In 2021, overseas shipments of sweet biscuits increased by 17% to X tons, rising for the seventh consecutive year after two years of decline. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 580% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, sweet biscuit exports reached $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 668% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X tons), Chile (X tons) and the Dominican Republic (X tons) were the main destinations of sweet biscuit exports from Venezuela, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +139.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sweet biscuit exported from Venezuela were the United States ($X), Chile ($X) and Panama ($X), with a combined 79% share of total exports.

Chile, with a CAGR of +104.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sweet biscuit export price stood at $X per ton in 2021, dropping by -14.5% against the previous year. Over the period under review, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 47% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Peru ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced a decline.

Sweet Biscuit Imports

Imports into Venezuela

In 2021, supplies from abroad of sweet biscuits increased by 170% to X tons, rising for the third consecutive year after two years of decline. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 385%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, sweet biscuit imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 299%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of sweet biscuit to Venezuela, with a 83% share of total imports. Moreover, sweet biscuit imports from Brazil exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil stood at +50.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+27.5% per year) and India (+33.2% per year).

In value terms, Brazil ($X) constituted the largest supplier of sweet biscuits to Venezuela, comprising 77% of total imports. The second position in the ranking was taken by Turkey ($X), with a 7% share of total imports. It was followed by Colombia, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil amounted to +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.4% per year) and Colombia (-18.5% per year).

Import Prices by Country

In 2021, the average sweet biscuit import price amounted to $X per ton, increasing by 5.9% against the previous year. In general, the import price, however, saw a deep contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 69%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sweet biscuits in the world?

The countries with the highest volumes of sweet biscuit consumption in 2020 were China, the U.S. and India, with a combined 43% share of global consumption. These countries were followed by Russia, Pakistan, Indonesia, Japan, Brazil, Mexico, Bangladesh, France, Italy and Iran, which together accounted for a further 29%.

What are the largest producers of sweet biscuits in the world?

The countries with the highest volumes of sweet biscuit production in 2020 were China, the U.S. and India, together accounting for 41% of global production. These countries were followed by Mexico, Russia, Indonesia, Pakistan, Brazil, Japan, Bangladesh, Canada, Italy and Spain, which together accounted for a further 31%.

What are the leading suppliers of sweet biscuits to Venezuela?

In value terms, Colombia constituted the largest supplier of sweet biscuit to Venezuela, comprising 43% of total imports. The second position in the ranking was occupied by Brazil, with a 17% share of total imports. It was followed by Chile, with a 6.8% share.

What are the leading importers of sweet biscuits from Venezuela?

In value terms, the U.S., the Dominican Republic and Peru were the largest markets for sweet biscuit exported from Venezuela worldwide, with a combined 88% share of total exports.

What is the average export price for sweet biscuits in Venezuela?

The average sweet biscuit export price stood at $3,349 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for sweet biscuits in Venezuela?

In 2020, the average sweet biscuit import price amounted to $1,810 per ton, shrinking by -3.8% against the previous year.

This report provides an in-depth analysis of the sweet biscuit 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 10721255 - Sweet biscuits (including sandwich biscuits, excluding those completely or partially coated or covered with chocolate or other preparations containing cocoa)

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