The Venezuelan poultry industry, historically significant yet recently declining, is experiencing a resurgence. Production has more than doubled since 2018, with significant increases in chicken and egg consumption. Despite ongoing challenges such as hyperinflation and regulatory issues, projections for production growth remain hopeful as the industry aims to expand into Caribbean export markets.
In recent discussions regarding the progress of the Latin American poultry sector, Venezuela has emerged as a noteworthy participant. Having visited the Venezuelan poultry industry since the early 1990s, it was once a leading nation in the region. However, following economic turmoil and a decline in production capabilities, the industry struggled significantly as access to raw materials diminished and consumer demand plummeted.
Despite adverse conditions, the prospects for Venezuela’s poultry industry are improving. The latest National Poultry Congress in Venezuela served as a positive indicator, showcasing various companies promoting their products. Following a severe contraction in 2018 that saw chicken production fall to merely 209,181 metric tons, the current production has notably more than doubled to reach 477,627 metric tons per year, although this remains significantly lower than the peak of 1.2 million metric tons in 2013.
Per capita consumption is also on the rise, with egg consumption increasing from 108 eggs to 170 within a two-year span—an impressive 57% rise. Similarly, chicken consumption has seen a 22.5% growth, increasing from 17.14 kg to 21 kg during the same period. This newfound growth signals a remarkable turnaround.
Nevertheless, challenges persist, including hyperinflation rates hovering around 90% annually and potential declines in consumer consumption due to economic strain. Producers are also facing difficulties procuring yellow corn import permits, and geopolitical factors such as potential U.S. tariffs on Venezuelan oil may exacerbate these issues.
Despite these uncertainties, industry experts project a 36% increase in production by 2025, with intentions to extend exports to Caribbean nations. Overall, the Venezuelan poultry industry is demonstrating resilience and quietly pursuing growth amidst a complex economic landscape.
In summary, the Venezuelan poultry industry, once severely impacted by economic challenges, is now showing positive growth signs. Production has surged from historical lows, with notable increases in both chicken and egg consumption. While the industry faces persistent challenges such as hyperinflation and regulatory hurdles, projections for future growth remain optimistic, indicating a potential renaissance for this critical sector in the Venezuelan economy.
Original Source: www.wattagnet.com
