Resurgence of the Venezuelan Poultry Industry: A Quiet Growth Story

The Venezuelan poultry industry is showing signs of recovery after years of decline, with chicken production rising from a low of 209,181 metric tons in 2018 to 477,627 metric tons currently. Per capita consumption of eggs and chicken has also increased significantly. Despite facing challenges such as hyperinflation and trade policies, the industry anticipates further growth and potential for exportation.

The Venezuelan poultry industry is experiencing a quiet resurgence, driven by significant improvements after a decline. In the early 1990s, Venezuela was one of the main players in the region for poultry production. Over time, economic challenges and migration negatively impacted production levels, with major reductions leading to decreased chicken and egg consumption.

Recently, however, the landscape is changing. The National Poultry Congress (Fenavi Venezuela) demonstrated a renewed vitality in the industry, as companies showcased their brands and products. Chicken production, which plummeted to 209,181 metric tons in 2018, has now risen to 477,627 metric tons annually, though it remains well below the 1.2 million metric tons seen in 2013. Additionally, per capita consumption of eggs surged from 108 in 2022 to 170 in 2024, marking a remarkable 57% increase, while chicken consumption rose from 17.14 kg to 21 kg, a 22.5% increase.

Despite these positive developments, challenges persist. Venezuela is grappling with hyperinflation at an annual rate of around 90%. There are concerns that consumption may decline, producers struggle to obtain yellow corn import permits, and population decreases may further affect the industry. Upcoming trade policies from the United States regarding Venezuelan oil imports could complicate matters.

Nevertheless, industry leaders anticipate a 36% increase in production by 2025 and are exploring export opportunities to Caribbean nations. The future of the Venezuelan poultry sector appears cautiously optimistic as it continues to evolve and grow.

In summary, the Venezuelan poultry industry is witnessing a notable revival from a previous downturn, with substantial increases in production and consumption rates. While it faces persistent economic challenges, including hyperinflation and trade concerns, the industry’s growth trajectory suggests potential for further expansion and export opportunities. The resurgence observed at events like the National Poultry Congress is a promising indicator of the industry’s future in Venezuela.

Original Source: www.wattagnet.com