Market research

Lard and poultry fats market in Venezuela

Release date: Mar 28, 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 lard and poultry fats in Venezuela declined from 5 900 т in 2018 to 4 500 т in 2023, with total market volume falling from 5 935 т to 4 516 т over the period. The contraction was primarily driven by a severe shortage of imported feed ingredients that hit the poultry and swine sectors from 2018 onward, reducing meat output and consequently the supply of animal fats. By 2020, livestock production had reached historic lows as feed deficits exceeded 60% and hyperinflation eroded consumer purchasing power, further limiting demand.

The market continued to contract through 2022, exacerbated by an outbreak of highly pathogenic avian influenza that disrupted poultry operations and the introduction of front‑of‑pack labeling rules for foods high in saturated fats, which likely dampened consumption of fat‑rich products. However, the swine sector reported record slaughter volumes in 2022, partially offsetting the decline. In 2023, production stabilized at 4 500 т, supported by industry modernization efforts such as the SEMTECPORC technical seminars and the removal of VAT on pork and poultry meat, which helped contain prices and sustain domestic supply.

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. 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/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/t
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/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/t
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, t
  2. 7.1.2. In value, K $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, t
  2. 7.2.2. In value, K $ US
8. Top buying and selling countries, 2018-2024
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production lard and poultry fats in Venezuela

In kind, 2017-2020, t

Top producers of lard and poultry fats, 2017-2020

Source: SHEV.io

World map of production of lard and poultry fats, 2017-2020

Source: SHEV.io

Venezuela's production of lard and poultry fats has declined for the third year in a row. In 2020, the country produced 5,000 tonnes, marking a modest 7.4% decrease from the previous year. Looking at the period from 2017 to 2020, production fell by 19.4%, which translates to an average annual decline of 6.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.8%)	(8.5%)	(7.4%)	(6.9%)

Source: SHEV.io

Exports lard and poultry fats from Venezuela

Industry reports indicate that Venezuela did not export any lard and poultry fats between 2017 and 2020.

Imports lard and poultry fats to Venezuela

Imports in kind, kg

The import market for lard and poultry fats in Venezuela showed significant volatility during this period. Imports reached their lowest point in 2020 at 10,886 kilograms, which was a dramatic 79.2% drop from the previous year. The highest volume was recorded in 2017, creating an 8.4-fold difference between the peak and the trough. The largest year-over-year increase occurred in 2019, with a 50.0% rise.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(61.9%)	50.0%	(79.2%)	(50.8%)

Source: SHEV.io

From 2017 to 2020, the United States was the exclusive supplier of lard and poultry fats to Venezuela, accounting for 100.0% of all imports in volume terms.

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

Import values for lard and poultry fats in Venezuela displayed irregular fluctuations, pointing to a volatile market. In 2020, imports totaled 18.2 thousand US dollars, a sharp 79.7% decrease compared to 2019. The highest value was in 2017, while the lowest was in 2020, resulting in a 6.5-fold gap between these years. The most significant increase was seen in 2019, with a 50.0% jump.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(49.7%)	50.0%	(79.7%)	(46.5%)

Source: SHEV.io

During the 2017–2020 period, the United States dominated the import structure in value terms, representing 100.0% of Venezuela's total imports of lard and poultry fats.

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