Venezuela: Pesticide Market 2024

Pesticide Market Size in Venezuela

In 2022, the Venezuelan pesticide market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, showed a abrupt contraction. Pesticide consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pesticide Production in Venezuela

In value terms, pesticide production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Pesticide production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Pesticide Exports

Exports from Venezuela

In 2022, exports of pesticides from Venezuela surged to X tons, picking up by X% on 2021. In general, exports, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pesticide exports reached $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X tons) was the main destination for pesticide exports from Venezuela, with a X% share of total exports. Moreover, pesticide exports to Costa Rica exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. The third position in this ranking was taken by Singapore (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Singapore (X% per year).

In value terms, Costa Rica ($X), Singapore ($X) and Uruguay ($X) were the largest markets for pesticide exported from Venezuela worldwide, with a combined X% share of total exports. Panama, Brazil, Colombia, the Dominican Republic and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average pesticide export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Pesticide Imports

Imports into Venezuela

In 2022, overseas purchases of pesticides were finally on the rise to reach X tons after two years of decline. Overall, imports, however, faced a deep setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pesticide imports surged to $X in 2022. In general, imports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest pesticide supplier to Venezuela, accounting for a X% share of total imports. Moreover, pesticide imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. The third position in this ranking was taken by Ecuador (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Ecuador (X% per year).

In value terms, China ($X) constituted the largest supplier of pesticides to Venezuela, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Ecuador (X% per year).

Import Prices by Country

The average pesticide import price stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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