Market research

Beef and buffalo meat market in Venezuela

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

From 2018 to 2020, the beef and buffalo meat market in Venezuela contracted from 421.2 thousand tonnes to 364.0 thousand tonnes. This decline followed the elimination of the government's price-control regime in 2019, which had previously been ineffective due to hyperinflation. The COVID-19 pandemic in 2020 further tightened supply by reducing imports of frozen meat and exacerbating a drop in the national cattle herd.

Market volume recovered to 424.0 thousand tonnes by 2022, aided by the removal of value-added tax on beef that year, which helped curb price spikes and supported consumption. However, production faced headwinds in 2023, slipping to 409.4 thousand tonnes as high operating costs limited investment in new processing facilities, even though liberalization of foreign-exchange controls boosted per-capita consumption. State-owned slaughterhouses maintained a dominant position throughout the period, while private entrants struggled with credit and fuel shortages.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Venezuela
  1. 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Venezuela in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production beef and buffalo meat in Venezuela

In kind, 2017-2020, K t

Top producers of beef and buffalo meat, 2017-2020

Source: SHEV.io

World map of production of beef and buffalo meat, 2017-2020

Source: SHEV.io

Venezuela's beef and buffalo meat production declined for the third year in a row. In 2020, the country produced 363.9 thousand tonnes, which represents a modest 4.4% decrease compared to 2019. Looking at the broader period from 2017 to 2020, production fell by 16.6%, with an average annual decline rate of 5.9%.

Annual dynamics of production in Venezuela in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.4%)	(8.8%)	(4.4%)	(5.9%)

Source: SHEV.io

Exports beef and buffalo meat from Venezuela

According to market reports, Venezuela did not export any beef or buffalo meat between 2017 and 2020.

Imports beef and buffalo meat to Venezuela

Imports in kind, t

The data shows irregular changes, pointing to a volatile market environment. Imports reached their lowest point in 2019 at 17 tonnes, before surging to 52 tonnes in 2020—a sharp increase of 215.6% compared to the previous year. Over the period from 2017 to 2019, imports fluctuated dramatically, with a 987-fold difference between the peak in 2017 and the trough in 2019. The most significant decline occurred in 2019, when imports dropped by 99.6%.

Annual dynamics of product's imports to Venezuela in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(76.3%)	(99.6%)	215.6%	(85.3%)

Source: SHEV.io

From 2017 to 2020, Nicaragua was the primary source of beef and buffalo meat imports into Venezuela, accounting for 94.7% of the total volume.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Venezuela in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Market performance showed noticeable fluctuations during this period. The value of imports hit a low of 73 thousand US dollars in 2019, then rebounded to 256 thousand US dollars in 2020—a substantial year-on-year increase of 250.8%. Between 2017 and 2019, import values varied widely, with a 1 121-fold difference between the peak in 2017 and the trough in 2019. The steepest decline was recorded in 2019, when import values fell by 99.6%.

Annual dynamics of product's imports to Venezuela in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(76.0%)	(99.6%)	250.8%	(85.4%)

Source: SHEV.io

Between 2017 and 2020, Nicaragua was almost the exclusive supplier of beef and buffalo meat to Venezuela in value terms, representing 94.0% of total imports.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Venezuela in value, 2017-2020

Source: SHEV.io