Earlier Report Observations
The Venezuelan pig fat market displayed significant volume changes between 2018 and 2023. After initial stability around 6 690 metric tons, production grew modestly in 2020 and then surged by 10% to 7 460 metric tons in 2021.
This peak was short-lived, as output dropped by 18% to 6 133 metric tons in 2022. A partial recovery followed in 2023, with production reaching 6 471 metric tons.
Throughout the period, the market was solely supplied by domestic production, with no recorded imports or exports, making it sensitive to local conditions.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Venezuela
- 5.1.1. Annual dynamics of production in Venezuela in kind, 2018-2023, t
- 5.1.2. Annual dynamics of production in Venezuela in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in Venezuela
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6. Imports
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6.1. Imports (Direct Data*)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to Venezuela in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to Venezuela by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to Venezuela in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to Venezuela by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Venezuela, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Venezuela by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data*)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production pig fat free of lean meat and poultry fat in Venezuela
In kind, 2017-2020, t
Top producers of pig fat free of lean meat and poultry fat, 2017-2020
World map of production of pig fat free of lean meat and poultry fat, 2017-2020
In 2020, Venezuela produced 6,766 tonnes of pig fat free of lean meat and poultry fat, representing a 1.1% increase compared to the previous year. Over the period from 2017 to 2020, production decreased by 3.4%, with a compound annual growth rate (CAGR) of -1.1%. The lowest production level was recorded in 2018 at 6,691 tonnes, which also saw the largest decline of 4.4%.
Annual dynamics of production in Venezuela in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (4.4%) | 0.0% | 1.1% | (1.1%) |
Exports pig fat free of lean meat and poultry fat from Venezuela
According to compiled industry data, Venezuela did not export any pig fat free of lean meat and poultry fat from 2017 to 2020.
Imports pig fat free of lean meat and poultry fat to Venezuela
Imports in kind, kg
In 2018, Venezuela imported 2.00 kg of pig fat free of lean meat and poultry fat, marking a sharp decline of 90.0% compared to the previous year.
Annual dynamics of product's imports to Venezuela in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (90.0%) | n/a | n/a | - |
From 2017 to 2020, imports of pig fat free of lean meat and poultry fat to Venezuela were almost entirely sourced from Aruba, which accounted for 90.9% of total import volumes.
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
In 2018, the value of pig fat free of lean meat and poultry fat imports to Venezuela totalled 0.28 US dollars, reflecting a decline of 99.2% relative to the prior year.
Annual dynamics of product's imports to Venezuela in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (99.2%) | n/a | n/a | - |
Between 2017 and 2020, Aruba effectively monopolised the value of pig fat free of lean meat and poultry fat imports to Venezuela, capturing 99.2% of total import flows.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Venezuela in value, 2017-2020
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