Venezuela Agribusiness Report Q3 2016

Date: June 22, 2016
Pages: 66
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: V28A5401137EN

Download PDF Leaflet

Includes 3 FREE quarterly updates

BMI View: The operating environment for Venezuela's agribusiness sector has deteriorated significantly over recent years due to the poor macroeconomic climate, a shortage of foreign currency for input purchases and general government mismanagement. Venezuela's economy will continue to be under extreme downward pressure in 2016 amidst low international oil prices. The growing headwinds to the economy will weigh on agricultural production and consumption in the coming years, and we forecast most commodities to stagnate out to 2020. Producers of agricultural goods will struggle as rising production costs and controlled prices at the farm level reduce margins. As such, the divergence between Venezuela and its neighbouring countries in terms of agricultural sector development will continue to grow in the coming years.

Key Forecasts
  • Coffee production growth to 2019/20: 3.0% to 515,000 60kg bags. Venezuela's coffee sector suffers from many structural weaknesses and is on the decline. Low profitability (due to government-mandated prices), the lack of private and public investment and the rust disease will impede production from growing.
  • Poultry production growth to 2019/20: -7.7% to 563,000 tonnes. The sector is held back by a lack of profitability due to high input costs, inflation and government price controls, along with increased competition from imports. The poultry industry will fare somewhat better than the beef sector, for which the outlook is especially bleak.
  • Corn consumption growth to 2020: -1.0% to 3.6mn tonnes. Grains consumption is also feeling the pinch of economic woes and the decrease in foreign exchange, as Venezuela encounters problems with importing grains. Demand in the medium term will remain lacklustre, amidst a low domestic grains supply and weak growth in the livestock sector.
  • 2016 BMI universe agribusiness market value: USD24.95bn (down 6.2% from 2015; forecast to grow annually by 1.5% on average from 2016 to 2020).
  • 2016 real GDP growth: -5.5% (compared with -7.6% in 2015; forecast to grow annually by 0.5% on average between 2016 and 2020).
  • 2016 consumer price index: 253% y-o-y (up from 116% in 2015; forecast to grow annually by 133% on average between 2016 and 2020).
BMI Industry View
Industry Forecast
Grains Outlook
Latest Updates
  Table: Venezuela - Grains Production And Consumption Outlook
  Table: Risks To Outlook
Structural Trends
  Table: Grains Production & Consumption (Venezuela 2013-2020)
Coffee Outlook
Latest Updates
  Table: Venezuela - Coffee Production And Consumption Outlook
  Table: Risks To Outlook
Structural Trends
  Table: Coffee Production & Consumption (Venezuela 2013-2020)
Livestock Outlook
Latest Updates
  Table: Venezuela - Livestock Production And Consumption Outlook
  Table: Risks To Outlook
Structural Trends
  Table: Beef Production & Consumption (Venezuela 2012-2020)
  Table: Pork Production & Consumption (Venezuela 2012-2020)
  Table: Poultry Production & Consumption (Venezuela 2012-2020)
Commodity Strategy
Commodities Price Forecasts
  Table: Select Commodities - Performance And BMI Forecasts
Upstream Analysis
Americas GM Outlook
Americas Machinery Outlook
  Table: Select Companies - Sales Forecasts By Region (Company-based estimates)
Americas Fertiliser Outlook
Downstream Analysis
Latest Updates
Structural Trends
  Table: Food Sales (Venezuela 2013-2020)
Regional Overview
Competitive Landscape
  Table: Venezuela Agribusiness Competitive Landscape
Demographic Forecast
Demographic Outlook 2015
  Table: Population Headline Indicators (Venezuela 1990-2025)
  Table: Key Population Ratios (Venezuela 1990-2025)
  Table: Urban/Rural Population & Life Expectancy (Venezuela 1990-2025)
  Table: Population By Age Group (Venezuela 1990-2025)
  Table: Population By Age Group % (Venezuela 1990-2025)
Industry Forecast Methodology
Sector-Specific Methodology
Skip to top

Ask Your Question

Venezuela Agribusiness Report Q3 2016
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: