Market research

Capsicum and pimenta fruits market in Venezuela

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Production of capsicum and pimenta fruits in Venezuela showed significant volatility from 2018 to 2021. After a drop to 131.7 thousand tons in 2019, output recovered to 138.2 thousand tons in 2020 before soaring to 232.7 thousand tons in 2021.

The market contracted sharply in 2022, falling to 140.3 thousand tons. This decline was driven by economic hardships, including hyperinflation, and agricultural challenges such as pests and inadequate post-harvest storage, which limited availability and raised prices. Government backing and an increase in the harvested area for vegetables provided some support but could not offset the overall downturn. In 2023, production stabilized at 141.4 thousand tons, aided by ongoing policy support, favorable climate conditions, and rising local demand for fresh, healthy foods, even as economic and phytosanitary difficulties persisted.

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, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ 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, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ 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, kg
    1. 7.1.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, kg
    2. 7.1.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, kg
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, $ 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, kg
    1. 7.2.2.1. Annual dynamics of product's exports from Venezuela in kind, 2018-2024, kg
    2. 7.2.2.2. Dynamics of product's exports in kind from Venezuela by countries, 2018-2024, kg
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Venezuela in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Venezuela by countries, 2018-2024, $ 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, kg
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, kg
  2. 8.2.2. In value, $ 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 capsicum and pimenta fruits in Venezuela

In kind, 2017-2020, K t

From 2017 to 2020, Venezuela ranked 29th globally in production volume of capsicum and pimenta fruits.

Top producers of capsicum and pimenta fruits, 2017-2020

Source: SHEV.io

World map of production of capsicum and pimenta fruits, 2017-2020

Source: SHEV.io

In 2020, Venezuela produced 138.2 K t of capsicum and pimenta fruits, marking a 4.9% increase from the previous year. Over the 2017-2020 period, production grew by 4.2%, with a compound annual growth rate of 1.4%. The lowest production was recorded in 2019 at 131.7 K t, while the highest was in 2018 at 142.2 K t. The largest decline occurred in 2019 with a 7.4% drop, and the largest increase was in 2018 with a 7.2% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	7.2%	(7.4%)	4.9%	1.4%

Source: SHEV.io

Exports capsicum and pimenta fruits from Venezuela

Exports in kind, kg

The data shows irregular changes, indicating a volatile market environment. Export volumes reached their lowest point in 2019 and peaked in 2018, with a 4.1-fold difference between these years. In 2019, Venezuela exported 6 709 kg of capsicum and pimenta fruits, representing a 75.7% decline compared to 2018. The maximum value was recorded in 2018 at 27 600 kg, with the largest increase that year at 48.4%.

Annual dynamics of product's exports from Venezuela in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	48.4%	(75.7%)	n/a	-

Source: SHEV.io

From 2017 to 2020, Curacao effectively monopolized Venezuela's exports of capsicum and pimenta fruits in kind, accounting for 100.0% of total flows.

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

Source: SHEV.io

World map of product's exports from Venezuela in kind, 2017-2020

Source: SHEV.io

Exports in value, $ US

Volatility characterized the market behavior during these years. The minimum value was recorded in 2019, and the maximum in 2018, with a 9.5-fold variation between them. In 2019, capsicum and pimenta fruits exports from Venezuela totaled 4 501 US$, reflecting an 89.4% year-over-year reduction. The maximum value was in 2018 at 42 570 US$, with the largest increase that year at 81.0%.

Annual dynamics of product's exports from Venezuela in value, 2017-2020, $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	81.0%	(89.4%)	n/a	-

Source: SHEV.io

From 2017 to 2020, the geographical pattern of exports in value terms reflected a strong dependence on Curacao, which absorbed 100.0% of total flows.

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

Source: SHEV.io

World map of product's exports from Venezuela in value, 2017-2020

Source: SHEV.io

Imports capsicum and pimenta fruits to Venezuela

Imports in kind, kg

Volatility characterized the market behavior during these years. Import volumes hit their lowest point in 2018 and peaked in 2020, with a 50-fold gap between these years. In 2020, Venezuela's imports of capsicum and pimenta fruits amounted to 4 945 kg, marking an 86.5% decrease compared to the previous year.

Annual dynamics of product's imports to Venezuela in kind, 2017-2020, kg

Parameter		2018	2019	2020	CAGR
1	Change from last year	(86.5%)	n/a	n/a	88.8%

Source: SHEV.io

From 2017 to 2020, the United States was the principal market for capsicum and pimenta fruits imported by Venezuela, accounting for 85.1% of total imports in kind, while other destinations formed a less significant tail.

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, $ US

Volatility characterized the market behavior during these years. The period recorded a trough in 2018 and a peak in 2020, showing a 23-fold swing. In 2020, Venezuela's imports of capsicum and pimenta fruits stood at 6 563 US$, amounting to an 85.1% decrease versus the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(85.1%)	n/a	n/a	50.9%

Source: SHEV.io

Over 2017 to 2020, the United States was the primary direction for imports in value terms, accounting for 74.7% of total flows, while other markets formed a long tail of smaller partners.

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