Bovine Animals; Live Price in Venezuela - 2022
Contents:
Bovine Animals; Live Price in Venezuela (CIF) - 2022
In 2022, the average bovine animals; live import price amounted to $764 per unit, stabilizing at the previous year. In general, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $1,261 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($917 per unit), while the price for Nicaragua ($431 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-3.4%), while the prices for the other major suppliers experienced a decline.
Bovine Animals; Live Imports in Venezuela
In 2022, after three years of growth, there was decline in overseas purchases of bovine animals; lives, when their volume decreased by -3% to 16K units. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 6.3% against the previous year. As a result, imports reached the peak of 16K units, and then reduced slightly in the following year.
In value terms, bovine animals; live imports declined slightly to $12M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 4.6% against the previous year. Over the period under review, imports hit record highs at $12M in 2021, and then reduced modestly in the following year.
| Import of Bovine Animals; Live in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 9.0 | 9.4 | 9.8 | 9.4 | 1.5% |
| Argentina | 1.0 | 1.2 | 1.4 | 1.5 | 14.5% |
| Nicaragua | 0.7 | 0.7 | 0.8 | 0.8 | 4.6% |
| Colombia | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.2 | 11.7 | 12.3 | 12.0 | 2.3% |
Top Suppliers of Bovine Animals; Live to Venezuela in 2022:
- Brazil (10.3K units)
- Argentina (3.2K units)
- Nicaragua (1.8K units)
- Colombia (0.4K units)
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