Earlier Report Observations
Production of primary sugar crops in Venezuela declined slightly from 3.23 million tonnes in 2018 to 3.13 million tonnes in 2019. This was primarily due to operational constraints, as only five of the country's 16 sugar mills were operating at full capacity amid persistent shortages of diesel fuel and critical inputs. The state's monopoly on importing and distributing agrochemicals began to ease, with private operators allowed to bring in essential chemicals, but this did not immediately offset the broader logistical challenges.
Output recovered to 3.36 million tonnes in 2020 and jumped sharply to 3.78 million tonnes in 2021. The turnaround was driven by two key government measures: the declaration of sugar cane as a "war crop" in April 2019, which provided special financing and subsidies for harvest planning, and the partial dollarization of the sugar sector, which incentivized producers by paying them in US dollars. Additionally, a national agro-industrial development plan aimed at expanding cane area by 30,000 hectares through public-private investment agreements helped reactivate installed capacity.
Production fell back to 2.84 million tonnes in 2022 as diesel shortages continued to cripple milling operations, keeping only a handful of mills active. Despite the state handing operational management of three mills to Turkish investors under strategic alliances and permitting private actors to import agrochemicals, fuel logistics remained the critical bottleneck. The market rebounded to 3.56 million tonnes in 2023, supported by the cumulative effect of earlier investment agreements and a reported 20% growth in the national sugar market over the previous four years, although fuel and logistics problems still threatened mill operations.
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, K 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, K 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, K 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. Trade balance
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6.1. Trade balance (Direct Data)
- 6.1.1. In kind, kg
- 6.1.2. In value, $ US
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6.2. Trade balance (Mirror Data)
- 6.2.1. In kind, kg
- 6.2.2. In value, $ US
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6.1. Trade balance (Direct Data)
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7. Top buying and selling countries, 2018-2024
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7.1. Direct Data
- 7.1.1. Import in Value by Countries-buyers
- 7.1.2. Export in Value by Countries-suppliers
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7.2. Mirror Data
- 7.2.1. Import in Value by Countries-buyers
- 7.2.2. Export in Value by Countries-suppliers
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7.1. Direct Data
Production primary sugar crops in Venezuela
In kind, 2017-2020, K t
Top producers of primary sugar crops, 2017-2020
World map of production of primary sugar crops, 2017-2020
Primary sugar crops production in Venezuela increased after two consecutive years of decline. In 2020, the country produced 3 358 K t, representing a 7.4% increase compared to 2019. However, looking at the broader period from 2017 to 2020, overall production fell by 16%, which translates to an average annual decline of 5.6%. The lowest production level was recorded in 2019 at 3 126 K t, while the sharpest year-on-year drop occurred in 2018 with a decrease of 19.2%.
Annual dynamics of production in Venezuela in kind, 2017-2020, K t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (19.2%) | (3.2%) | 7.4% | (5.6%) |
Exports primary sugar crops from Venezuela
According to industry reports, Venezuela did not export any primary sugar crops between 2017 and 2020.
Imports primary sugar crops to Venezuela
Imports in kind, kg
Annual dynamics of product's imports to Venezuela in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
From 2017 to 2020, Venezuela's imports of primary sugar crops came from an extremely limited number of trading partners. In fact, Trinidad and Tobago was the sole supplier during this period, accounting for 100.0% of all imports in volume terms.
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
Annual dynamics of product's imports to Venezuela in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | n/a | n/a | - |
Throughout the 2017–2020 period, Trinidad and Tobago maintained its position as virtually the only source of primary sugar crops for Venezuela in value terms, consistently holding a 100.0% share of total imports.
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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