Venezuela: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Venezuela

The Venezuelan market for crispbread, rusks and toasted bread expanded rapidly to $X in 2023, growing by X% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Crispbread, Rusks and Toasted Bread in Venezuela

In value terms, crispbread, rusk and toasted bread production amounted to $X in 2023 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Crispbread, rusk and toasted bread production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Venezuela

In 2023, after two years of decline, there was significant growth in overseas shipments of crispbread, rusks and toasted bread, when their volume increased by X% to X tons. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread exports rose significantly to $X in 2023. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons) was the main destination for crispbread, rusk and toasted bread exports from Venezuela, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to Chile stood at X%.

In value terms, Chile ($X) also remains the key foreign market for crispbread, rusks and toasted bread exports from Venezuela.

From 2012 to 2023, the average annual growth rate of value to Chile totaled X%.

Export Prices by Country

The average export price for crispbread, rusks and toasted bread stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2022, and then contracted modestly in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for Chile amounted to X% per year.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Venezuela

In 2023, imports of crispbread, rusks and toasted bread into Venezuela soared to X tons, with an increase of X% compared with the previous year's figure. Overall, imports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, crispbread, rusk and toasted bread imports surged to $X in 2023. Over the period under review, imports, however, showed a deep slump. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Venezuela, accounting for a X% share of total imports. Moreover, crispbread, rusk and toasted bread imports from the United States exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), sevenfold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Argentina (X% per year).

In value terms, the United States ($X) constituted the largest supplier of crispbread, rusks and toasted bread to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the average import price for crispbread, rusks and toasted bread amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform