Market research

Groundnutoil-cake market in Venezuela

Release date: Mar 29, 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

Production of groundnut oil-cake in Venezuela showed consistent growth from 176 t in 2018, against a backdrop of an industrial structure traditionally geared toward refining imported oil rather than extracting from domestic raw materials. Activities of state-owned and private companies like Polar, along with the historical presence of international players such as Cargill following its 1998 acquisition of Gramoven, provided a foundational market framework during the initial years.

A sharp acceleration occurred from 2020, when market volume doubled to 473 t, largely due to the impact of the COVID-19 pandemic. Supply chain and logistics disruptions, along with mobility restrictions, boosted preference for local products and increased demand for domestic oil-cake. This trend continued into 2021, with volume reaching 854 t, fueled by rising demand for value-added products like animal feed and regulatory changes in labeling and traceability aimed at improving product quality and safety.

Growth further accelerated in 2022, with market volume surging to 1 790 t, driven by increased interest in utilizing by-products for animal feed and energy, as well as the introduction of new technologies to improve extraction efficiency. By 2023, production rose to 2 211 t, albeit at a slower pace, supported by ongoing investments in processing plants and technologies, and policies promoting sustainable waste management within the oilseed industry.

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, 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, 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, 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. Trade balance
1. 6.1. Trade balance (Direct Data)
  1. 6.1.1. In kind, kg
  2. 6.1.2. In value, $ US
2. 6.2. Trade balance (Mirror Data)
  1. 6.2.1. In kind, kg
  2. 6.2.2. In value, $ US
7. Top buying and selling countries, 2018-2024
1. 7.1. Direct Data
  1. 7.1.1. Import in Value by Countries-buyers
  2. 7.1.2. Export in Value by Countries-suppliers
2. 7.2. Mirror Data
  1. 7.2.1. Import in Value by Countries-buyers
  2. 7.2.2. Export in Value by Countries-suppliers

Production groundnutoil-cake in Venezuela

In kind, 2017-2020, t

Top producers of groundnutoil-cake, 2017-2020

Source: SHEV.io

World map of production of groundnutoil-cake, 2017-2020

Source: SHEV.io

The market experienced significant fluctuations during this period. Production levels varied considerably, with the lowest point recorded in 2018 at 175.8 tonnes, followed by a substantial increase to 473.2 tonnes in 2020. This represents a remarkable 103.7% growth compared to 2019. The most significant decline occurred in 2018, when production fell by 15.3%. Overall, there was a 2.7-fold difference between the peak in 2020 and the trough in 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(15.3%)	32.1%	103.7%	31.6%

Source: SHEV.io

Exports groundnutoil-cake from Venezuela

Market analysis reveals that Venezuela did not export any groundnut oil-cake between 2017 and 2020.

Imports groundnutoil-cake to Venezuela

Research indicates that Venezuela imported no groundnut oil-cake from 2017 through 2020.

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