Cabbage Market Overview in Venezuela
Market Overview
In 2019, the Venezuelan cabbage market increased by
% to $
, rising for the second consecutive year after three years of decline. In general, the total consumption indicated a tangible 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 2017 indices. The pace of growth appeared 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 remained at a lower figure.
In value terms, cabbage production expanded sharply to $
in 2019 estimated in export prices. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the production volume increased by
% against the previous year. As a result, production reached the peak level of $
. From 2015 to 2019, production growth failed to regain the momentum.
The average yield of cabbage and other brassicas in Venezuela declined slightly to
tonnes per ha in 2019, falling by -
% against the previous year's figure. Overall, the yield saw a noticeable shrinkage. The pace of growth was the most pronounced 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, approx.
ha of cabbage and other brassicas were harvested in Venezuela; growing by
% against the previous year's figure. 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. Over the period under review, the harvested area dedicated to cabbage production reached the maximum in 2019 and is expected to retain growth in the near future.






In value terms, cabbage production expanded sharply to $



The average yield of cabbage and other brassicas in Venezuela declined slightly to




In 2019, approx.





Consumption
For the third consecutive year, Venezuela recorded growth in consumption of cabbage and other brassicas, which increased by
% to
tonnes in 2019. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the consumption volume increased by
% y-o-y. Cabbage consumption peaked at
tonnes in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
The revenue of the cabbage market in Venezuela rose remarkably to $
in 2019, increasing 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, the total consumption indicated a noticeable 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 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of
% against the previous year. As a result, consumption attained the peak level of $
. From 2015 to 2019, the growth of the market remained at a lower figure.





The revenue of the cabbage market in Venezuela rose remarkably to $






Market Forecast
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
.




Market Structure
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.
Trade Balance
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.
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