Onions and shallots market in Venezuela

Earlier Report Observations

The market for fresh onions and shallots in Venezuela showed consistent growth from 2018 to 2023, with production volume increasing from 208.4 thousand tons to 267.1 thousand tons. This upward trend was marked by significant expansions in 2019 and 2021, where output rose by over 10% and 6.5% respectively. Even during years with more modest gains, such as 2020 and 2022, the market continued to expand without any annual declines.

Production reached 267.1 thousand tons in 2023, supported by the initiatives of the major domestic producer and distributor Agrimer. The company's investment in logistics infrastructure and projects designed to strengthen national and international market presence enhanced the distribution and commercialization of fresh onions. Furthermore, Agrimer's commitment to sustainable environmental practices positively influenced consumer perception and supported domestic demand for these products.

Production onions and shallots in Venezuela

In kind, 2017-2020, K t

Top producers of onions and shallots, 2017-2020

World map of production of onions and shallots, 2017-2020

Venezuela's onion and shallot production increased for the second consecutive year. In 2020, the country produced 236.9 thousand tons of onions and shallots, representing a slight rise of 2.7% compared to 2019. The lowest production volume was recorded in 2018 at 208.4 thousand tons. The largest year-over-year decline occurred in 2018, when production fell by 13.7%. Conversely, the most significant increase was observed in 2019, with production growing by 10.7%.

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

Exports onions and shallots from Venezuela

Exports in kind, t

The export market for onions and shallots from Venezuela experienced noticeable fluctuations during this period. Export volumes reached their lowest point in 2018 at 12.2 tons and then climbed to their peak in 2019 at 51.6 tons, representing a 4.2-fold increase between these years. In 2019, exports surged by 323.0% compared to the previous year. The largest decline occurred in 2018, when export volumes dropped by 74.4%.

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

From 2017 to 2020, Curaçao and Malaysia were the dominant buyers of Venezuelan onions and shallots, together accounting for 100.0% of total exports in volume terms.

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, $ US

The value of onion and shallot exports from Venezuela showed significant volatility during this period. Export revenues hit their lowest point in 2018 at 14 525 US dollars and then peaked in 2019 at 46 765 US dollars, representing a 3.2-fold increase. In 2019, export value jumped by 222.0% compared to the previous year. The largest decline occurred in 2018, when export revenues fell by 59.8%.

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

Between 2017 and 2020, Curaçao and Malaysia captured nearly all of Venezuela's onion and shallot export value, jointly accounting for 100.0% of total export revenues.

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

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

Imports onions and shallots to Venezuela

Imports in kind, t

Venezuela's imports of onions and shallots increased for the second consecutive year. In 2019, import volume reached 216.4 tons, reflecting a substantial year-over-year increase of 245.4%. Over the period from 2017 to 2019, imports grew by 296.9%, with a compound annual growth rate (CAGR) of 58.3%.

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

Throughout 2017–2020, Peru remained the dominant and nearly exclusive source for Venezuela's onion and shallot imports in volume terms, accounting for 97.1% of total imports.

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, $ US

Venezuela's spending on onion and shallot imports rose for the second year in a row. In 2019, import value reached 73 133 US dollars, which represents an increase of 185.7% compared to the previous year. From 2017 to 2019, import value surged by 577.2%, with a compound annual growth rate (CAGR) of 89.2%.

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

Between 2017 and 2020, Peru was the leading source for Venezuela's onion and shallot imports in value terms, accounting for 88.5% of total import spending. The remaining share was distributed among several smaller markets.

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

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