Venezuela: Sweet Potato Market 2025

Sweet Potato Market Size in Venezuela

In 2021, the Venezuelan sweet potato market decreased by -0.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +22.3% against 2018 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Sweet Potato Production in Venezuela

In value terms, sweet potato production soared to $X in 2021 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +65.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 36% against the previous year. Over the period under review, production attained the peak level in 2021 and is likely to continue growth in the near future.

The average yield of sweet potatoes in Venezuela shrank to X tons per ha in 2021, falling by -5.4% compared with the previous year. Over the period under review, the yield recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 9.9%. As a result, the yield reached the peak level of X tons per ha. From 2019 to 2021, the growth of the average sweet potato yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The sweet potato harvested area in Venezuela stood at X ha in 2021, picking up by 4.1% on the previous year's figure. In general, the total harvested area indicated resilient growth from 2012 to 2021: its figure increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sweet potato harvested area increased by +35.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 40% against the previous year. As a result, the harvested area attained the peak level of X ha. From 2018 to 2021, the growth of the sweet potato harvested area remained at a lower figure.

Sweet Potato Exports

Exports from Venezuela

In 2013, approx. X tons of sweet potatoes were exported from Venezuela; therefore, remained relatively stable against 2012. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2013 and are expected to retain growth in the near future.

In value terms, sweet potato exports stood at $X in 2013. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2013 and are expected to retain growth in the near future.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Aruba totaled -40.2%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba amounted to -27.9%.

Export Prices by Country

In 2021, the average sweet potato export price amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the 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 +20.5% per year.

Sweet Potato Imports

Imports into Venezuela

In 2013, the amount of sweet potatoes imported into Venezuela fell remarkably to X kg, reducing by -99.7% on the year before. Over the period under review, imports recorded a sharp decrease. Over the period under review, imports attained the peak figure at X tons in 2012, and then plummeted in the following year.

In value terms, sweet potato imports shrank remarkably to $X in 2013. Overall, imports showed a precipitous shrinkage. Over the period under review, imports hit record highs at $X in 2012, and then fell sharply in the following year.

Imports by Country

The United States (X tons) and Brazil (X kg) were the main suppliers of sweet potato imports to Venezuela. Moreover, sweet potato imports in the United States exceeded the figures recorded by the second-largest supplier, Brazil, eightfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +112.2%).

In value terms, the largest sweet potato suppliers to Venezuela were the United States ($X) and Brazil ($X).

Among the main suppliers, the United States, with a CAGR of +134.2%, saw the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2021, the average sweet potato import price amounted to less than $X per ton, remaining stable against the previous year. Overall, the import price recorded a sharp slump. The growth pace was the most rapid in 2013 when the average import price decreased by -93.1%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 the United States ($X per ton), while the price for Brazil amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+8.0%).

Source: IndexBox Platform

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