Key Market Indicators
Venezuelan vegetable production is projected to decline to approximately 1.46 million metric tons by 2028, down from an estimated 1.52 million metric tons in 2023. This represents an annual decrease of 0.6% in the compound annual growth rate (CAGR). Since 2019, Venezuela's vegetable supply has been on a downward trend, with a yearly decline of 0.7%. In 2023, the country ranked 60th globally in vegetable production, having been overtaken by Hungary, which also produced around 1.52 million metric tons. Leading the global rankings in vegetable production are India, the United States, and Iran, occupying the second, third, and fourth positions respectively.
