Cabbage Market Overview in Venezuela

The Venezuelan cabbage market dropped to $ in 2019, shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a mild slump. The pace of growth was the most pronounced in 2014 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.

In value terms, cabbage production declined to $ in 2019 estimated in export prices. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. As a result, production reached the peak level of $. From 2015 to 2019, production growth remained at a lower figure.

In 2019, the average yield of cabbage and other brassicas in Venezuela reduced modestly to tonnes per ha, approximately reflecting 2018 figures. Over the period under review, the yield showed a mild descent. The most prominent rate of growth was recorded in 2009 when the yield increased by % year-to-year. As a result, the yield reached the peak level of tonnes per ha. From 2010 to 2019, the growth of the average cabbage yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2019, the cabbage harvested area in Venezuela shrank to ha, which is down by -% on 2018. In general, the harvested area continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the harvested area increased by % year-to-year. Over the period under review, the harvested area dedicated to cabbage production attained the peak figure at ha in 2016; however, from 2017 to 2019, the harvested area failed to regain the momentum.

In 2019, consumption of cabbage and other brassicas decreased by -% to tonnes, falling for the fourth consecutive year after three years of growth. In general, consumption continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % y-o-y. Over the period under review, consumption attained the peak volume at tonnes in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

The value of the cabbage market in Venezuela dropped to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a slight contraction. The growth pace was the most rapid in 2014 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2015 to 2019, the growth of the market failed to regain the momentum.

Driven by rising demand for cabbage in Venezuela, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .

Over the period under review, imports of cabbage in Venezuela were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for cabbage.

This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.