Price for Food Preparations Not Elsewhere Specified or Included in Venezuela - 2022
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Venezuela (CIF) - 2022
- Price for Food Preparations Not Elsewhere Specified or Included in Venezuela (FOB) - 2022
- Imports of Food Preparations Not Elsewhere Specified or Included in Venezuela
- Exports of Food Preparations Not Elsewhere Specified or Included in Venezuela
Price for Food Preparations Not Elsewhere Specified or Included in Venezuela (CIF) - 2022
In 2022, the average import price for food preparations not elsewhere specified or included amounted to $4,698 per ton, growing by 3.8% against the previous year. Over the period under review, the import price, however, showed a slight decrease. The growth pace was the most rapid in 2016 when the average import price increased by 18%. As a result, import price attained the peak level of $7,815 per ton. From 2017 to 2022, the average 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 Germany ($12,269 per ton), while the price for Poland ($2,096 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Venezuela (FOB) - 2022
The average export price for food preparations not elsewhere specified or included stood at $8,585 per ton in 2022, falling by -59.2% against the previous year. Over the period under review, the export price showed a noticeable descent. The pace of growth appeared the most rapid in 2016 an increase of 272%. The export price peaked at $21,062 per ton in 2021, and then shrank dramatically in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($81,537 per ton), while the average price for exports to Trinidad and Tobago ($2,629 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in Venezuela
In 2022, purchases abroad of food preparations not elsewhere specified or included decreased by -20.5% to 20K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 69%. As a result, imports attained the peak of 25K tons, and then declined sharply in the following year.
In value terms, imports of food preparations not elsewhere specified or included declined significantly to $95M in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 54%. As a result, imports attained the peak of $115M, and then dropped rapidly in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.0 | 34.6 | 59.6 | 41.2 | 25.2% |
| Brazil | 18.3 | 26.4 | 36.1 | 26.3 | 12.8% |
| Colombia | 0.1 | 0.4 | 1.3 | 4.6 | 258.3% |
| Turkey | 2.2 | 0.7 | 0.8 | 2.3 | 1.5% |
| China | 0.8 | 2.1 | 1.7 | 2.0 | 35.7% |
| Spain | 0.5 | 1.0 | 1.7 | 1.7 | 50.4% |
| El Salvador | 0.2 | 0.1 | 0.9 | 1.5 | 95.7% |
| Italy | 0.4 | 1.2 | 2.4 | 1.2 | 44.2% |
| Poland | N/A | 0.1 | 0.3 | 0.9 | 200.0% |
| France | 0.8 | 0.8 | 0.7 | 0.7 | -4.4% |
| Others | 7.0 | 7.0 | 9.1 | 12.2 | 20.3% |
| Total | 51.2 | 74.5 | 115 | 94.5 | 22.7% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Venezuela in 2022:
- United States (10.3K tons)
- Brazil (3.0K tons)
- Turkey (0.8K tons)
- China (0.7K tons)
- Colombia (0.6K tons)
- Spain (0.6K tons)
- Italy (0.4K tons)
- Poland (0.4K tons)
- El Salvador (0.3K tons)
- France (0.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Venezuela
For the fourth consecutive year, Venezuela recorded growth in shipments abroad of food preparations not elsewhere specified or included, which increased by 61% to 31 tons in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of food preparations not elsewhere specified or included fell significantly to $269K in 2022. Overall, exports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 221%. As a result, the exports attained the peak of $410K, and then contracted dramatically in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 116 | N/A | 326 | 106 | -3.0% |
| Chile | 9.6 | 9.3 | 2.6 | 76.4 | 99.7% |
| Peru | 7.3 | 33.9 | 46.6 | 41.5 | 78.5% |
| United States | N/A | N/A | 24.6 | 39.9 | 62.2% |
| Trinidad and Tobago | N/A | 1.0 | 6.1 | 3.4 | 84.4% |
| Spain | N/A | 29.3 | N/A | N/A | 0% |
| Sri Lanka | 5.3 | N/A | N/A | N/A | 0% |
| Others | 31.9 | 54.5 | 4.3 | 2.1 | -59.6% |
| Total | 170 | 128 | 410 | 269 | 16.5% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Venezuela in 2022:
- Chile (14.0 tons)
- United States (12.8 tons)
- Peru (1.7 tons)
- Trinidad and Tobago (1.3 tons)
- Ecuador (1.3 tons)
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