Venezuela: Market for Vegetables (Preserved, Frozen) 2025

Market Size for Vegetables (Preserved, Frozen) in Venezuela

For the fourth year in a row, the Venezuelan preserved and frozen vegetable market recorded growth in sales value, which increased by 155% to $X in 2022. Overall, consumption, however, saw a pronounced curtailment. Preserved and frozen vegetable consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Vegetables (Preserved, Frozen)

Exports from Venezuela

In 2021, approx. X tons of vegetables (preserved, frozen) were exported from Venezuela; remaining stable against 2020 figures. Overall, exports recorded a temperate increase. The smallest decline of -40.2% was in 2013. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, preserved and frozen vegetable exports stood at $X in 2021. Over the period under review, exports enjoyed a buoyant increase. The smallest decline of -39.4% was in 2013. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Spain (X tons) was the main destination for preserved and frozen vegetable exports from Venezuela, accounting for a approx. 50% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

The average preserved and frozen vegetable export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2013 an increase of 1.4%. The export price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to 0.0% per year.

Imports of Vegetables (Preserved, Frozen)

Imports into Venezuela

For the fourth consecutive year, Venezuela recorded growth in overseas purchases of vegetables (preserved, frozen), which increased by 104% to X tons in 2022. In general, imports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 212%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved and frozen vegetable imports soared to $X in 2022. Over the period under review, imports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2021 with an increase of 224% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Chile (X tons) were the main suppliers of preserved and frozen vegetable imports to Venezuela, together comprising 44% of total imports. Canada, Colombia, the UK, Germany, Argentina and the United States lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of +25.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Chile ($X) were the largest preserved and frozen vegetable suppliers to Venezuela, with a combined 43% share of total imports. Canada, the UK, Colombia, Germany, Argentina and the United States lagged somewhat behind, together accounting for a further 14%.

The UK, with a CAGR of +24.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved and frozen vegetable import price stood at $X per ton in 2022, with an increase of 39% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Argentina ($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 UK (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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