The Venezuelan cattle herd is estimated at 14.2 million head. The slaughter rate is slated to drop due to large imports of meat from Brazil and Nicaragua which crowd out domestic products. Unfavorable market conditions, low investment, output price controls and land expropriations will continue to depress the market in the coming years, unless the government takes active steps to give a boost to the industry.
Brazil is Venezuela's major trading partner for live cattle and beef, followed by Nicaragua. Government controlled prices for meat were raised 30 percent last June but continue to be too low to act as an incentive for an increase in production. Meat prices set and controlled by the Government have created market distortions because of greatly reduced or eliminated profits. Butchers and wholesalers are facing shortages and lack of raw materials. Cattle ranchers are suffering because government policies have kept prices unchanged (since 2008) while inflation continues to increase in double digits. Recent price increases of up to 30 percent still may not be enough to encourage production.
Venezuela reported a 21-per-cent increase in chicken production, totaling 1.11 million tons. The National Poultry Federation (FENAVI) said that Venezuela is Latin America's fourth major producer, after Brazil (12.9 million tons), Mexico (2.8 million) and Argentina (1.7 million). Analysis indicates that chicken consumption stood at an average of 41.3 kilograms per capita in 2012, and production has increased 134 per cent in 13 years, in addition egg production grew 82.2 per cent during the 1998-2012 period and consumption stood at 188 eggs per capita.
Venezuela's egg production has met the domestic demand since 2007. Venezuela has begun to export powdered egg albumin to Russia and Japan. The poultry sector generates 600,000 direct and indirect jobs and guarantees the work of 50,000 small companies and cooperatives that provide poultry services.
Key factors in the growth of Edible Meat Market are robust economic growth, rising population, and advanced technologies.
Major Factors effecting Venezuela Edible Meat Market are low agro production and Low animal feed production & stock. Low Disposable Income is a major factor for the decline of Meat Market.
What the report offers
The study identifies the situation of Venezuela Edible Meat Market and predicts the growth of its meat market. Report talks about Meat production, consumption, import and export with prices and market trends, Government regulations, Slaughtering regulations, growth forecast, major companies, upcoming companies & projects, etc. Report will talk about Economic conditions of and future forecast of its current economic scenario and effect of its current policy changes in to its economy, reasons and implications on its growth. Lastly, the report is divided by major import & export and importing and exporting partners.