Pork market in Venezuela

Earlier Report Observations

From 2018 to 2020, the pork market volume in Venezuela contracted from 134.2 thousand tons to 125.2 thousand tons. This decline was driven by a severe economic crisis, with historically low per capita consumption falling to just 0.8 kg by 2020 due to plummeting purchasing power and high inflation. Production faced persistent constraints from limited input availability and elevated costs, particularly affecting small producers who focus on fresh cuts.

The market rebounded sharply in 2021, reaching 138.4 thousand tons, as internal supply increased and consumer purchasing power showed signs of improvement. However, volume dropped to 114.4 thousand tons in 2022, as persistently high pork prices relative to other meats continued to restrain consumption. The industry's recovery was slow, with economic factors remaining the primary driver of market fluctuations.

By 2023, market volume had partially recovered to 122.2 thousand tons. Price liberalization policies and a reduction in market distortions began to favor the domestic industry. The market structure saw a shift, with medium and large enterprises increasingly focusing on processed pork products, while small producers remained oriented toward fresh cuts.

Production pork in Venezuela

In kind, 2017-2020, K t

Top producers of pork, 2017-2020

World map of production of pork, 2017-2020

In 2020, Venezuela produced 125.9 thousand tons of pork, marking a slight increase of 1.1% compared to 2019. Over the 2017-2020 period, overall production declined by 3.4%, with an average annual growth rate of -1.1%. The lowest production level was recorded in 2018 at 124.5 thousand tons, which also saw the most significant annual decrease of 4.4%.

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

Exports pork from Venezuela

Exports in kind, t

The market exhibited considerable volatility during this period. Export volumes peaked in 2020 and reached their lowest point in 2018, representing a dramatic 34 081-fold difference between these extremes. In 2020, Venezuela's pork exports totaled 750 tons, representing a complete cessation of exports compared to the previous year.

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

From 2017 to 2020, Cuba dominated Venezuela's pork export destinations, accounting for 90.7% of total export volumes. Other markets represented relatively minor shares during this period.

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, K $ US

The export market demonstrated significant volatility throughout the observed timeframe. Values reached their highest point in 2020 and their lowest in 2018, showing an extraordinary 28 378-fold difference between these extremes. In 2020, Venezuela's pork export value stood at 2.146 million US dollars, reflecting a complete absence of export activity compared to the previous year.

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

During the 2017-2020 period, Cuba maintained overwhelming dominance in Venezuela's pork export value, capturing 92.6% of total export earnings. Other trading partners held substantially smaller shares of the export market.

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

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

Imports pork to Venezuela

Imports in kind, t

Import volumes showed notable fluctuations throughout this period. The highest import volume was recorded in 2018, while the lowest occurred in 2020, representing a 226-fold difference between these extremes. In 2020, Venezuela imported 43 tons of pork, reflecting a dramatic 99.5% decrease compared to 2019. The peak import volume of 9 725 tons was recorded in 2018, which also saw the largest annual increase of 143.0%.

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

From 2017 to 2020, Spain and Russia together accounted for the majority of Venezuela's pork imports by volume, while other source countries individually represented smaller portions 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, K $ US

Import values experienced significant volatility during this period. The market showed a 153-fold variation between the peak value in 2018 and the lowest point in 2020. In 2020, Venezuela's pork import value reached 200 thousand US dollars, representing a 99.2% decline compared to the previous year. The maximum import value of 30.678 million US dollars was recorded in 2018, which also saw the largest annual increase of 194.8%.

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

Throughout the 2017-2020 period, Spain and Russia collectively accounted for 81.5% of Venezuela's total pork import value. The remaining share was distributed among other source countries, each contributing smaller individual portions.

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

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