Cabbage Market Overview in Venezuela

In , the Venezuelan cabbage market decreased by -% to $, falling for the sixth consecutive year after two years of growth. Over the period under review, consumption continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a somewhat lower figure.

In value terms, cabbage production declined slightly to $ in estimated in export prices. Overall, production showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by % year-to-year. As a result, production reached the peak level of $. from 2015 to , production growth failed to regain the momentum.

The average yield of cabbage and other brassicas in Venezuela declined to tonnes per ha in , waning by -% compared with the year before. In general, the yield recorded a mild slump. The most prominent rate of growth was recorded in 2009 when the yield increased by % year-to-year. As a result, the yield attained the peak level of tonnes per ha. from 2010 to , the growth of the average cabbage yield remained at a lower figure. 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 contracted to ha in , therefore, remained relatively stable against the year before. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of % y-o-y. The cabbage harvested area peaked at ha in 2016; however, from 2017 to , the harvested area remained at a lower figure.

In , consumption of cabbage and other brassicas decreased by -% to tonnes, falling for the fifth consecutive year after three years of growth. Overall, consumption saw a perceptible setback. The pace of growth appeared the most rapid in 2010 when the consumption volume increased by % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2015; however, from 2016 to , consumption stood at a somewhat lower figure.

The size of the cabbage market in Venezuela contracted modestly to $ in , 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 saw a perceptible contraction. The growth pace was the most rapid in 2014 with an increase of % year-to-year. As a result, consumption reached the peak level of $. from 2015 to , the growth of the market remained at a lower figure.

Depressed by shrinking demand for cabbage in Venezuela, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress 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.