Fresh grapes market in Venezuela

Earlier Report Observations

The fresh grapes market in Venezuela opened the period with a size of 19 788 t in 2018, characterized by minimal imports of just 39 t. State interventions, including a new floating exchange rate mechanism (DICOM) for imports and price controls on agricultural goods supervised by SADA, created a restrictive environment for foreign supply and distribution. Domestic production grew to 20 400 t in 2019 but contracted to 19 398 t in 2020, while imports began a notable increase to 487 t, resulting in a market size of 19 885 t that year.

From 2021 to 2023, import volumes accelerated sharply, rising from 966 t to 2 008 t and then moderating to 1 578 t. Domestic production saw volatility, dipping to 19 139 t in 2021 before recovering to 19 366 t in 2022 and jumping by 13% to 21 872 t in 2023. This combination propelled the total market volume upward, reaching 23 450 t in 2023, a 9.7% increase from the previous year, with rising imports being a primary contributor to market expansion throughout this phase.

In 2024, imports of fresh grapes continued their upward trend, reaching 2 459 t. This occurred alongside regulatory changes, including an updated Customs Tariff enacted in May 2024, which revised import classifications and duties for grapes and derivatives based on the latest Harmonized System amendments. Furthermore, the National Assembly passed laws aimed at boosting non-oil exports and shielding the economy from external sanctions, altering the legal framework for the agricultural sector amid persistent inflationary pressures and exchange rate fluctuations affecting domestic demand.

Production fresh grapes in Venezuela

In kind, 2017-2020, t

Top producers of fresh grapes, 2017-2020

World map of production of fresh grapes, 2017-2020

In 2020, Venezuela produced 19 398 tonnes of fresh grapes, marking a modest 4.9% decrease compared to the previous year. Looking at the period from 2017 to 2020, production overall declined by 3.3%, with a compound annual growth rate of -1.1%. The highest production level was recorded in 2019 at 20 400 tonnes, which also saw the largest annual increase of 3.3%.

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

Exports fresh grapes from Venezuela

Exports in kind, t

In 2018, Venezuela's exports of fresh grapes amounted to 0.0 tonnes, representing a significant 75.0% decrease from the year before.

Annual dynamics of product's exports from Venezuela in kind, 2017-2020, t

From 2017 to 2020, Curacao and Gabon were consistently the main buyers of fresh grapes from Venezuela, together accounting for 100.0% of total exports in volume.

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

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

Exports in value, K $ US

In 2018, Venezuela's fresh grape exports reached 0.1 thousand US dollars, reflecting a 43.2% decline year-over-year.

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

Between 2017 and 2020, Curacao and Gabon absorbed 100.0% of Venezuela's fresh grape exports in value terms, indicating a highly concentrated market.

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

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

Imports fresh grapes to Venezuela

Imports in kind, t

The market showed an unstable trend over this period. In 2018, imports hit their lowest point at 38.6 tonnes, with the largest annual decline of 65.3%. The following year, 2019, saw the biggest increase at 481.1%. By 2020, imports rose to 486.5 tonnes, a 117.0% jump from 2019. The peak-to-trough amplitude from 2018 to 2020 was 12.6 times.

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

From 2017 to 2020, Peru (40.6% of imports in volume), the United States (27.6%), and Chile (25.2%) were the key sources for Venezuela's fresh grape imports, together making up 93.4% of total flows.

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

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

Imports in value, K $ US

The market exhibited an unstable trend throughout the timeframe. In 2018, imports reached their minimum at 70 thousand US dollars, with the largest annual decline of 64.6%. The following year, 2019, recorded the biggest increase at 635.0%. By 2020, imports surged to 1 058 thousand US dollars, a 105.7% rise from the previous year. The peak-to-trough ratio from 2018 to 2020 was 15 times.

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

Over the period 2017 to 2020, Peru (40.8% of imports in value), the United States (30.4%), and Chile (26.6%) were the primary suppliers of fresh grapes to Venezuela, jointly accounting for 97.7% of total import value.

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

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