Venezuela: Preserved Sweet Corn Market 2025

Preserved Sweet Corn Market Size in Venezuela

In 2022, after three years of growth, there was significant decline in the Venezuelan preserved sweet corn market, when its value decreased by -24.5% to $X. Over the period under review, consumption faced a abrupt downturn. Preserved sweet corn consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sweet Corn Exports

Exports from Venezuela

In 2022, after three years of decline, there was significant growth in shipments abroad of sweet corn prepared or preserved, when their volume increased by 50% to X kg. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 4,106% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved sweet corn exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 3,455%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X kg) was the main destination for preserved sweet corn exports from Venezuela, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia totaled -7.3%.

In value terms, Colombia ($X) also remains the key foreign market for sweet corn prepared or preserved exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at -7.3%.

Export Prices by Country

The average preserved sweet corn export price stood at $X per ton in 2022, falling by -22.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -0.1% per year.

Preserved Sweet Corn Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in overseas purchases of sweet corn prepared or preserved, when their volume decreased by -22.8% to X tons. Over the period under review, imports faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 151%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved sweet corn imports reduced dramatically to $X in 2022. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 156% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest preserved sweet corn supplier to Venezuela, accounting for a 38% share of total imports. Moreover, preserved sweet corn imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Ecuador (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.7% per year) and Ecuador (-10.8% per year).

In value terms, Brazil ($X) constituted the largest supplier of sweet corn prepared or preserved to Venezuela, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Ecuador, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.3% per year) and Ecuador (-16.5% per year).

Import Prices by Country

The average preserved sweet corn import price stood at $X per ton in 2022, with a decrease of -2.6% against the previous year. Overall, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.9%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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