Venezuela: Vegetable Market 2024

Vegetable Market Size in Venezuela

The Venezuelan vegetable market amounted to $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Vegetable Production in Venezuela

In value terms, vegetable production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Vegetable production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

The average yield of vegetables in Venezuela fell modestly to X tons per ha in 2022, flattening at 2021 figures. Over the period under review, the yield, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2019 to 2022, the growth of the average vegetable 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.

In 2022, approx. X ha of vegetables were harvested in Venezuela; reducing by X% on the year before. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The vegetable harvested area peaked at X ha in 2015; however, from 2016 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Exports

Exports from Venezuela

In 2022, shipments abroad of vegetables increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, vegetable exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X tons) was the main destination for vegetable exports from Venezuela, accounting for a X% share of total exports. Moreover, vegetable exports to Aruba exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Aruba totaled X%.

In value terms, Aruba ($X) remains the key foreign market for vegetables exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba amounted to X%.

Export Prices by Country

In 2022, the average vegetable export price amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%).

Vegetable Imports

Imports into Venezuela

Vegetable imports into Venezuela was estimated at X tons in 2022, increasing by X% against 2021. Over the period under review, imports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable imports expanded slightly to $X in 2022. Overall, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Dominican Republic (X tons) constituted the largest supplier of vegetable to Venezuela, accounting for a X% share of total imports. Moreover, vegetable imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Trinidad and Tobago (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Dominican Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the Dominican Republic ($X), the United States ($X) and Trinidad and Tobago ($X) constituted the largest vegetable suppliers to Venezuela, with a combined X% share of total imports.

The Dominican Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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