The Venezuelan poultry industry is rebounding after facing significant challenges, evidenced by increased production and consumption rates. Recent events and a notable rise in local company growth present opportunities for the sector’s future, despite ongoing economic hurdles.
The Venezuelan poultry industry is witnessing a significant turnaround after encountering substantial challenges in the past decades. A visit to the country’s poultry sector in the early 1990s illustrated its prominence in the Latin American region. However, subsequent economic declines led to decreased production, limiting access to resources and diminishing consumption rates for chicken and eggs.
Despite these hardships, positive developments are emerging. The recent National Poultry Congress (Fenavi Venezuela) showcased various companies promoting their brands, signaling a revival. Following a drastic decline in chicken production in 2018, the current annual output has exceeded 477,627 metric tons, more than double the previous record. Notably, per capita egg consumption surged from 108 to 170 eggs between 2022 and 2024, while chicken consumption increased 22.5% within the same timeframe.
The growth achieved by local companies in production during the preparation for the WATT Poultry International edition is noteworthy. However, the sector is not devoid of challenges; hyperinflation at a 90% annual rate poses risks to consumption, and challenges regarding corn import permits persist. Potential tariffs on Venezuelan oil by the United States could exacerbate these difficulties.
Nonetheless, optimistic projections suggest a potential 36% production increase by 2025, and the industry is exploring export opportunities to nearby Caribbean nations. With resilience and growth on the horizon, it is essential to pay attention to the developments in Venezuela’s poultry sector.
In conclusion, the Venezuelan poultry industry is experiencing a quiet yet substantial revival following years of adversity marked by economic turmoil and production declines. With production levels and consumption rates on the rise, local companies are navigating challenges such as hyperinflation and resource access. As the industry aims for further growth and potential exports, the future holds promise for Venezuela’s poultry sector.
Original Source: www.wattagnet.com
