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On May 4 and 5, 2022, Venezuela’s National Supermarkets Association held an event entitled “Radiography of the Retail Sector in Venezuela 2022.” The goal of this event was to evaluate the Venezuelan retail sector situation including changes in retail and consumer trends, emerging threats, and new opportunities for growth.
Venezuelan seafood production totaled 241,000 MT in 2021, growing by 16 percent compared to 2020. Seafood products are Venezuela’s largest agricultural export, accounting for more than 54 percent of the total value of agricultural exports in 2021.
Venezuelan sugar production is forecast down to 150,000 metric tons in MT 2020/21 due to shortages of fuel and inputs.
During market year 2020/21, a decrease in production is forecast across most commodities in Venezuela.