Avocado Market Overview in Venezuela
In value terms, avocado production reduced remarkably to $ in estimated in export prices. Overall, production showed a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of % year-to-year. As a result, production reached the peak level of $, and then contracted dramatically in the following year.
In , the average yield of avocados in Venezuela totaled tonnes per ha, flattening at 2019. Overall, the yield saw slight growth. The pace of growth was the most pronounced in 2011 when the yield increased by % against the previous year. As a result, the yield reached the peak level of tonnes per ha. from 2012 to , the growth of the average avocado 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 , approx. ha of avocados were harvested in Venezuela; picking up by % compared with the previous year. Over the period under review, the total harvested area indicated a notable expansion from 2007 to : its figure increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, the harvested area dedicated to avocado production reached the maximum at ha in 2017; however, from 2018 to , the harvested area stood at a somewhat lower figure.
The revenue of the avocado market in Venezuela contracted significantly to $ in , falling 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 relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $, and then fell dramatically in the following year.