Cabbage Market Overview in Venezuela

In 2019, the Venezuelan cabbage market decreased by -% to $ for the first time since 2016, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of % against the previous year. Cabbage consumption peaked at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

In value terms, cabbage production declined to $ in 2019 estimated in export prices. In general, the total production indicated strong growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, production increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. Cabbage production peaked at $ in 2015; however, from 2016 to 2019, production stood at a somewhat lower figure.

In 2019, the average cabbage yield in Venezuela dropped to tonnes per ha, shrinking by -% on the year before. Overall, the yield saw a perceptible slump. The growth pace was the most rapid in 2009 when the yield increased by % against the previous 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 failed to regain the momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cabbage harvested area in Venezuela rose sharply to ha in 2019, surging by % compared with 2018 figures. Over the period under review, the total harvested area indicated buoyant growth from 2007 to 2019: its figure increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, cabbage harvested area increased by +% against 2016 indices. The pace of growth appeared the most rapid in 2010 when the harvested area increased by % y-o-y. The cabbage harvested area peaked in 2019 and is expected to retain growth in years to come.

In 2019, the amount of cabbage and other brassicas consumed in Venezuela amounted to tonnes, surging by % on the year before. The total consumption volume increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 stood at a somewhat lower figure.

The revenue of the cabbage market in Venezuela fell to $ in 2019, which is down 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, the total consumption indicated a buoyant increase from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption increased by +% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of % against the previous year. Over the period under review, the market hit record highs at $ in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Driven by increasing demand for cabbage in Venezuela, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding 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.