Price for Plants, Live; Unrooted Cuttings and Slips in Venezuela - 2022

Price for Plants, Live; Unrooted Cuttings and Slips in Venezuela (CIF) - 2022

In 2022, the average import price for plants, live; unrooted cuttings and slipses amounted to $0.6 per unit, growing by 3.1% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for plants, live; unrooted cuttings and slipses decreased by -9.1% against 2015 indices. The growth pace was the most rapid in 2015 when the average import price increased by 73% against the previous year. As a result, import price reached the peak level of $0.6 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($0.6 per unit), while the price for China amounted to $0.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.3%), while the prices for the other major suppliers experienced a decline.

Imports of Plants, Live; Unrooted Cuttings and Slips in Venezuela

For the third consecutive year, Venezuela recorded decline in supplies from abroad of plants, live; unrooted cuttings and slipses, which decreased by -0.9% to 517K units in 2022. In general, imports continue to indicate a relatively flat trend pattern. The smallest decline of -0.9% was in 2020. Over the period under review, imports of attained the peak figure at 532K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of plants, live; unrooted cuttings and slipses rose to $294K in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 2.1%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.