Venezuela: The Bovine Genetics Market in Venezuela
In 2022, the Venezuelan artificial insemination market was estimated at 170,000 doses per year, with 43 percent of doses imported. The recovery of milk and beef prices in Venezuela in recent years, now comparable to the rest of South America, has created incentives for producers to maintain and, in some cases, increase production. The major suppliers of bovine genetics to Venezuela are the United States (82 percent), Brazil (14 percent), and Europe (4 percent). U.S. genetics have improved the productivity, quality, and resilience of the Venezuelan herd, the profitability of the beef and dairy business, and in the case of the Brahman breed, brought climate adaptability and resistance to tropical environments.