Venezuela: Vegetable Product Market 2025

Vegetable Product Market Size in Venezuela

The Venezuelan vegetable product market rose slightly to $X in 2022, with an increase of 3.7% against the previous year. Over the period under review, consumption, however, continues to indicate a drastic downturn. Vegetable product consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Vegetable Product Production in Venezuela

In value terms, vegetable product production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. Vegetable product production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

In 2022, the average vegetable product yield in Venezuela was estimated at X tons per ha, surging by 2.4% against the previous year. Overall, the yield, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the yield increased by 21% against the previous year. The vegetable product yield peaked at X tons per ha in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetable products production in Venezuela contracted slightly to X ha, therefore, remained relatively stable against 2021 figures. Over the period under review, the harvested area saw a deep contraction. The most prominent rate of growth was recorded in 2017 when the harvested area increased by 26%. Over the period under review, the harvested area dedicated to vegetable product production attained the peak figure at X ha in 2013; however, from 2014 to 2022, the harvested area stood at a somewhat lower figure.

Vegetable Product Exports

Exports from Venezuela

Vegetable product exports from Venezuela fell markedly to X kg in 2013, reducing by -53.8% against the previous year. In general, exports saw a precipitous decrease. Over the period under review, the exports hit record highs at X kg in 2012, and then dropped remarkably in the following year.

In value terms, vegetable product exports declined remarkably to $X in 2013. Overall, exports recorded a precipitous decline. Over the period under review, the exports hit record highs at $X in 2012, and then shrank sharply in the following year.

Exports by Country

Aruba (X kg) was the main destination for vegetable product exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2013, the average annual rate of growth in terms of volume to Aruba totaled -50.0%.

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

From 2012 to 2013, the average annual growth rate of value to Aruba amounted to -39.0%.

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2013, jumping by 18% against the previous year. Over the last one years, it increased at an average annual rate of +17.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2013, the rate of growth in terms of prices for Aruba amounted to +21.9% per year.

Vegetable Product Imports

Imports into Venezuela

In 2022, purchases abroad of vegetable products increased by 85% to X tons, rising for the third consecutive year after four years of decline. Overall, imports, however, recorded a dramatic downturn. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vegetable product imports soared to $X in 2022. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 262%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), South Africa (X tons) and the United States (X tons) were the main suppliers of vegetable product imports to Venezuela, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of vegetable products to Venezuela, comprising 44% of total imports. The second position in the ranking was held by South Africa ($X), with a 9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (0.0% per year) and the United States (-9.3% per year).

Import Prices by Country

In 2022, the average vegetable product import price amounted to $X per ton, reducing by -4.1% against the previous year. In general, the import price, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 161%. The import price peaked at $X per ton in 2021, and then contracted modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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