Market research

Not defatted cocoa paste 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

The market volume for not defatted cocoa paste in Venezuela showed considerable volatility from 2018 to 2023. It began at 18 089 t in 2018, then jumped by 19% to a high of 21 527 t in 2019.

This growth reversed sharply in 2020 with an 18% drop to 17 699 t. A recovery phase followed, lifting the market by 12% to 19 854 t in 2021 and stabilizing near 20 000 t in 2022. However, 2023 brought another contraction, reducing the volume by 8% to 18 472 t.

Over the same period, export shipments grew consistently from 32 t to 694 t, while imports remained negligible. Domestic production figures closely tracked the market's fluctuations, indicating its central role in supply changes.

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. 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/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/t
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/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Venezuela, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Venezuela by countries, 2018-2024, $ US/t
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 not defatted cocoa paste in Venezuela

In kind, 2017-2020, t

From 2017 to 2020, Venezuela ranked 24th globally in production volume of not defatted cocoa paste.

Top producers of not defatted cocoa paste, 2017-2020

Source: SHEV.io

World map of production of not defatted cocoa paste, 2017-2020

Source: SHEV.io

In 2020, Venezuela produced 17 941 tonnes of not defatted cocoa paste, a 16.9% decrease from the previous year. Over the 2017-2020 period, production declined by 8.2%, with a compound annual growth rate (CAGR) of -2.8%. The highest production level was recorded in 2019 at 21 593 tonnes, which represented a 19.2% increase from 2018.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.3%)	19.2%	(16.9%)	(2.8%)

Source: SHEV.io

Exports not defatted cocoa paste from Venezuela

Exports in kind, t

Venezuela's exports of not defatted cocoa paste grew for the third consecutive year. In 2020, exports reached 251.0 tonnes, a substantial 279.4% increase from 2019. Over the 2017-2020 period, exports surged by 721.6%, with a compound annual growth rate (CAGR) of 101.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	6.1%	104.0%	279.4%	101.8%

Source: SHEV.io

Between 2017 and 2020, three key markets—Cuba, Spain, and Belarus—collectively accounted for 74.2% of Venezuela's total exports of not defatted cocoa paste in volume terms.

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, K $ US

Venezuela's export value of not defatted cocoa paste rose for the third year in a row. In 2020, exports totaled 935.9 thousand US dollars, a sharp 249.7% increase from 2019. Over the 2017-2020 period, export value grew by 784.3%, with a compound annual growth rate (CAGR) of 106.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	101.9%	25.3%	249.7%	106.8%

Source: SHEV.io

From 2017 to 2020, Cuba (31.9% of export value), Belarus (30.9% of export value), and Spain (14.5% of export value) together represented 77.2% of Venezuela's total export value for not defatted cocoa paste, making them the primary destinations.

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 not defatted cocoa paste to Venezuela

Imports in kind, t

Import data shows irregular changes, reflecting a volatile market environment. Import levels fluctuated significantly, with a 1 111-fold difference between the peak in 2017 and the low in 2018. In 2020, Venezuela imported 8.6 tonnes of not defatted cocoa paste, a 99.9% decrease from the previous year.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.9%)	n/a	n/a	(24.4%)

Source: SHEV.io

During 2017-2020, Ecuador and Italy were the main sources for Venezuela's imports of not defatted cocoa paste in volume terms, together accounting for 99.9% of total imports.

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 behavior was marked by volatility during these years. Import values peaked in 2017 and fell to their lowest in 2018, a 1 412-fold shift. In 2020, Venezuela imported 21.9 thousand US dollars worth of not defatted cocoa paste, a sharp 99.9% drop compared to 2019.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(99.9%)	n/a	n/a	(30.6%)

Source: SHEV.io

From 2017 to 2020, Ecuador and Italy continued to be the dominant sources for Venezuela's imports of not defatted cocoa paste in value terms, jointly making up 99.9% of total import flows.

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