The Venezuelan poultry industry is witnessing a recovery after years of decline, with chicken production increasing from 209,181 MT in 2018 to 477,627 MT currently. Consumption of eggs and chicken has also risen significantly. However, challenges such as hyperinflation and import restrictions remain. There are expectations for a 36% production increase by 2025, with potential export opportunities to the Caribbean.
The Venezuelan poultry industry is in a phase of quiet resurgence, revitalizing itself after years of decline. In the early 1990s, it was a prominent player in Latin America. However, economic challenges led to significant reductions in poultry production, with many companies ceasing operations and overall consumption dropping to last among regional competitors.
Recent developments, notably observed during the National Poultry Congress (Fenavi Venezuela), signify a turnaround. After hitting a low of 209,181 metric tons (MT) of chicken production in 2018, output has surged to 477,627 MT annually, though still below the 1.2 million MT mark from 2013. Furthermore, per capita egg consumption increased by 57% from 108 eggs in 2022 to 170 in 2024, while chicken consumption rose from 17.14 kg to 21 kg, marking a 22.5% rise.
While these figures suggest positive progress, considerable obstacles persist. Venezuela’s hyperinflation, standing at approximately 90% annually, poses challenges. Additionally, producers face difficulties acquiring yellow corn import permits, and potential population decline could affect demand. Furthermore, U.S. tariffs on Venezuelan oil imports could further complicate the economic landscape.
Despite these hurdles, there is cautious optimism within the industry. Projections indicate a possible 36% increase in poultry production by 2025, with aspirations of exporting to Caribbean markets. This gradual but notable growth signals a need for heightened awareness and engagement with Venezuela’s poultry sector.
In summary, the Venezuelan poultry industry is experiencing a significant recovery, marked by an increase in production and consumption levels. Despite facing economic hurdles such as hyperinflation and challenges regarding imports, the sector shows promising prospects for the future. Stakeholders anticipate further growth and opportunities for exportation, indicating a remarkable transformation within this vital industry. It is essential to monitor the developments in this emerging market closely.
Original Source: www.wattagnet.com
