Report Update Nov 1, 2024

Venezuela - Tuna (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Preserved Tuna Market 2024

Preserved Tuna Market Size in Venezuela

In 2021, the Venezuelan preserved tuna market decreased by -0.4% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Tuna Production in Venezuela

In value terms, preserved tuna production totaled $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 126% against the previous year. Preserved tuna production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Preserved Tuna Exports

Exports from Venezuela

In 2021, overseas shipments of tuna (prepared or preserved) increased by 51% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,381%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, preserved tuna exports skyrocketed to $X in 2021. Overall, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 495%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X tons) was the main destination for preserved tuna exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Aruba totaled +26.3%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba amounted to +10.4%.

Export Prices by Country

The average preserved tuna export price stood at $X per ton in 2021, falling by -9.3% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, 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 Aruba.

From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to -12.6% per year.

Preserved Tuna Imports

Imports into Venezuela

In 2021, purchases abroad of tuna (prepared or preserved) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when imports increased by 148%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, preserved tuna imports skyrocketed to $X in 2021. In general, imports, however, faced a sharp curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 143% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), Ecuador (X tons) and China (X tons) were the main suppliers of preserved tuna imports to Venezuela, together comprising 66% of total imports. These countries were followed by Chile, Brazil, Peru and Thailand, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +91.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Ecuador ($X) were the largest preserved tuna suppliers to Venezuela, with a combined 65% share of total imports. Chile, Brazil, Peru and Thailand lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Brazil, with a CAGR of +86.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved tuna import price stood at $X per ton in 2021, with an increase of 7.3% against the previous year. Over the period under review, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 15% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 Chile ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tuna (prepared or preserved) in the world?

The country with the largest volume of preserved tuna consumption was China, accounting for 16% of total volume. Moreover, preserved tuna consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 4.7% share.

What are the largest producers of tuna (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved tuna production, accounting for 18% of total volume. Moreover, preserved tuna production in China exceeded the figures recorded by the second-largest producer, Thailand, threefold. The third position in this ranking was occupied by India, with a 6.7% share.

What are the leading suppliers of tuna (prepared or preserved) to Venezuela?

In value terms, Ecuador constituted the largest supplier of preserved tuna to Venezuela, comprising 89% of total imports. The second position in the ranking was occupied by the United States, with a 6.8% share of total imports.

What is the average import price for tuna (prepared or preserved) in Venezuela?

The average preserved tuna import price stood at $4,178 per ton in 2021, rising by 2.3% against the previous year.

This report provides an in-depth analysis of the preserved tuna 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 10202540 - Prepared or preserved tuna, skipjack and Atlantic bonito, w hole or in pieces (excluding minced products and prepared meals and dishes)

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