The Quiet Growth of Venezuela’s Poultry Industry

The Venezuelan poultry industry is showing signs of recovery with increased production and consumption after years of decline. Participation in industry events and significant growth rates in chicken and egg consumption signal a positive shift. Challenges remain, including hyperinflation and import complications, yet there are projections for further growth and potential exports in the coming years.

In recent weeks, the Venezuelan poultry industry has shown signs of resurgence, contrasting its previous decline. Historically significant in the region, Venezuela’s poultry sector suffered setbacks due to economic downturns and reduced production capacity since the 1990s. However, recent developments indicate potential recovery, evidenced by the participation of various companies at the latest National Poultry Congress in Venezuela (Fenavi).

Following a dramatic contraction in 2018 that reduced chicken production to 209,181 MT, it has now increased to 477,627 MT annually. Notably, this marks a significant rebound from earlier figures of 1.2 million MT in 2013. Moreover, per capita egg consumption rose from 108 to 170 while chicken consumption increased from 17.14 kg to 21 kg between 2022 and 2024, reflecting a robust growth trajectory.

Despite these positive indicators, the industry remains challenged by hyperinflation, approximating 90% annually, which may impact consumption. Producers are also facing difficulties in importing necessary raw materials. Additionally, potential U.S. tariffs on Venezuelan oil could impose further complications. Nevertheless, projections suggest a production increase of 36% by 2025, alongside ambitions to export to Caribbean nations, indicating a cautious optimism for the industry’s future.

Venezuela’s poultry sector is experiencing a quiet but noteworthy growth, suggesting that the country may again play a significant role in the Latin American poultry market. The resilience and adaptability of its local companies are critical for sustaining this momentum and fostering further development in the foreseeable future.

In summary, the Venezuelan poultry industry is witnessing a resurgence after years of decline, with notable increases in production and consumption. Participation in events like the National Poultry Congress signals a hopeful recovery, despite ongoing challenges such as hyperinflation and import restrictions. The industry’s cautious optimism for growth and potential exports to Caribbean markets reflects its resilience. It is essential to remain attentive to Venezuela’s evolving poultry landscape.

Original Source: www.wattagnet.com