Venezuela: Venezuelan Dairy Industry Trends and Outlook for 2022
Venezuelan milk production reached 1.5 billion litres in 2021, just a 2 percent increase from 2020. The formal dairy industry processed 12 percent of this output, only working at 20 percent of their capacity, due to the collapse of the market and Venezuelan consumers favoring artisanal cheeses. These products are produced primarily by the informal industry over industrial products and pasteurized milk. During 2022, FAS Caracas forecasts consumption to grow by 5% to 63 liters per capita due to the stabilization of the economy, lower inflation, adequate supply of dairy products, and growth in imports. Brazil remains the top supplier of dairy exports to Venezuela, followed by Colombia, the European Union, and the United States.