Venezuela: Market for Frozen Fruits And Vegetables 2024

Market Size for Frozen Fruits And Vegetables in Venezuela

In 2022, the Venezuelan frozen fruits and vegetables market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt descent. Frozen fruits and vegetables consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Frozen Fruits And Vegetables

Exports from Venezuela

In 2022, after two years of decline, there was significant growth in shipments abroad of frozen fruits and vegetables, when their volume increased by X% to X tons. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fruits and vegetables exports skyrocketed to $X in 2022. Overall, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of frozen fruits and vegetables exports from Venezuela, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fruits and vegetables exported from Venezuela were the United States ($X), Portugal ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fruits and vegetables export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Fruits And Vegetables

Imports into Venezuela

In 2022, purchases abroad of frozen fruits and vegetables decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fruits and vegetables imports fell significantly to $X in 2022. In general, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Canada (X tons) were the main suppliers of frozen fruits and vegetables imports to Venezuela, together comprising X% of total imports. Colombia, the UK, Germany, Argentina, the United States, Chile and Lebanon lagged somewhat behind, together comprising a further X%.

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

In value terms, Belgium ($X), the Netherlands ($X) and Chile ($X) appeared to be the largest frozen fruits and vegetables suppliers to Venezuela, with a combined X% share of total imports. Canada, the UK, the United States, Colombia, Germany, Argentina and Lebanon lagged somewhat behind, together comprising a further X%.

Lebanon, with a CAGR of X%, recorded the highest growth rate of 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 frozen fruits and vegetables import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price, however, recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :