Poultry meat and offal market in Venezuela

Earlier Report Observations

From 2018 to 2020, the poultry meat and offal market in Venezuela recovered from a period of constraint caused by the end of government subsidies for corn and soybean feed purchases and strict price controls that kept prices below production costs. The removal of price controls in 2019 allowed for market-led pricing, which, alongside a partial economic recovery and reduced hyperinflation, enabled a rebound in domestic production. Despite disruptions to feed supply chains due to the COVID-19 pandemic in 2020, market volume continued to grow moderately.

Market volume surged to over 1 million tons in 2021, primarily driven by a significant increase in per capita chicken consumption, which reached 16.46 kg in the first five months, signaling a recovery in domestic demand. In 2022, the declaration of a sanitary alert for highly pathogenic avian influenza in coastal states imposed movement restrictions, and a 21% reduction in poultry meat imports contributed to a slight market contraction, even though per capita consumption further increased to 17.60 kg.

The market stabilized at 1 009 thousand tons in 2023. Production of chicken meat rose by 10%, supported by implicit market liberalization and relative price stability compared to beef, but high inflation and reduced consumer purchasing power, coupled with ongoing biosecurity measures due to avian influenza, prevented further volume expansion.

Production poultry meat and offal in Venezuela

In kind, 2017-2020, K t

Top producers of poultry meat and offal, 2017-2020

World map of production of poultry meat and offal, 2017-2020

Venezuela's poultry meat and offal production has grown for the second year in a row. In 2020, the country produced 914.8 K t, marking a 1.0% increase from the previous year. Production hit its lowest point in 2018 at 861.6 K t, which saw the largest decline of 6.8%. The most significant growth occurred in 2019, with a 5.1% rise.

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

Exports poultry meat and offal from Venezuela

Exports in kind, t

In 2020, Venezuela exported 331 t of poultry meat and offal, showing little change from the year before. From 2017 to 2020, exports surged by 527.4%, translating to an average annual growth rate of 84.4%.

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

Between 2017 and 2020, Cuba was the primary destination for Venezuela's poultry meat and offal exports, accounting for 85.5% of the total volume, while other countries made up the remainder.

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

Venezuela's poultry meat and offal exports in 2020 were valued at 765 K $ US, staying nearly flat compared to 2019. Over the 2017-2020 period, export value jumped by 1 174.6%, averaging a 133.6% annual increase.

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

From 2017 to 2020, the export market was highly concentrated, with Cuba alone representing 91.8% of the total value.

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

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

Imports poultry meat and offal to Venezuela

Imports in kind, t

Import volumes showed notable swings during this period. In 2018, imports bottomed out at 1 656 t, the lowest point, with the sharpest drop of 93.3% that year. They rebounded in 2019, posting the biggest increase of 73.5%. By 2020, imports reached 4 262 t, up 48.3% from 2019, while peaking earlier in 2017 at a level 14.9 times higher than the 2018 low.

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

From 2017 to 2020, Brazil and the United States together accounted for 85.8% of Venezuela's poultry meat and offal imports by volume, with the rest distributed among smaller markets.

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. In 2018, they fell to a minimum of 1 342 K $ US, the largest decline of 97.3%. By 2020, imports surged to 4 807 K $ US, a dramatic 122.0% increase from 2019, after hitting a peak in 2017 that was 38 times higher than the 2018 low.

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

Between 2017 and 2020, Brazil was the top supplier of poultry meat and offal to Venezuela in value terms, holding 86.0% of total imports, with the balance spread across various other countries.

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

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