Price for Pectic Substances; Pectinates and Pectates in Venezuela - 2022

Price for Pectic Substances; Pectinates and Pectates in Venezuela (CIF) - 2022

In 2022, the average import price for pectic substances; pectinates and pectateses amounted to $15,433 per ton, flattening at the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2017 when the average import price increased by 32%. As a result, import price reached the peak level of $20,277 per ton. From 2018 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 France ($33,878 per ton), while the price for Spain ($10,263 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Pectic Substances; Pectinates and Pectates in Venezuela

In 2022, the amount of pectic substances; pectinates and pectateses imported into Venezuela reduced notably to 15 tons, waning by -33.1% on the previous year. Over the period under review, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 195% against the previous year. As a result, imports reached the peak of 23 tons, and then fell sharply in the following year.

In value terms, pectic substances; pectinates and pectates imports fell rapidly to $237K in 2022. In general, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 197% against the previous year. As a result, imports reached the peak of $354K, and then fell sharply in the following year.