Venezuela
Venezuela StatisticsConsumer Lifestyles in VenezuelaVenezuela Country BriefingsFuture Demographics: Venezuela in 2030
Country Briefing
Economy, Finance and Trade: Venezuela
Jan 2019
Understanding the structure and health of an economy are important for decision-making within an existing operating environment as well as for expansion strategies. Real GDP growth, inflation and exchange rate fluctuations will directly impact ...
Strategy Briefing
Lodging in Latin America
Dec 2018
Lodging in Latin America continues to grow surpassing the different socio-economic factors and challenges that have affected its performance in recent years. Mexico and Brazil are the preferred destinations, dominating sales of the top ten companies....
Country Briefing
Income and Expenditure: Venezuela
Dec 2018
Insight into income and expenditure of consumers and households is vital in helping businesses make strategic decisions with regards to which country (or even which region within a country) to enter, which consumer segment or household type to ...
Country Report
Packaged Food in Venezuela
Dec 2018
In 2018, negative volume growth rates were witnessed due to shrinking demand, whilst supply seemed to have stabilised after large losses for two consecutive years. The government continued to exert direct pressure upon companies to fix or lower ...
Strategy Briefing
Top 10 Energy-Producing Countries in 2030
Dec 2018
The energy sector is the key provider for many integral sectors in every economy, such as chemical products, utilities, transport, metal products manufacturing, etc. Over the 2017-2030 period, the energy industry is expected to experience stable ...
Country Report
Charge Cards in Venezuela
Nov 2018
Personal charge cards became less and less attractive for consumers over the latter part of the review period, because they were not willing or able to pay the entire debt off each month since their purchasing power has diminished in accordance with ...
Country Report
Credit Cards in Venezuela
Nov 2018
In Venezuela, there are regulations for banks regarding interest rates, which are set by the BCV. For purchases made with credit cards the interest rate is capped at 29%, which is much lower than the inflation rate seen in 2018, which amounted to ...
Country Report
Debit Cards in Venezuela
Nov 2018
Due to the high prices in the Venezuelan economy resulting from inflation – which saw a triple-digit rate for 2017 and is expect to reach 1,000,000% in 2018 (IMF) – consumers prefer to pay for their purchases with debit cards. This trend is ...
Country Report
Financial Cards and Payments in Venezuela
Nov 2018
Venezuelans are concerned about obtaining bolivars for any transaction, as they will need more notes to buy the same thing. The smallest denomination of paper money in any country should be intended to at least be able to pay for short transportation...
Country Report
Pre-Paid Cards in Venezuela
Nov 2018
These types of cards are used primarily for purchasing food products and are not transferable. The annual calculation must be made by adjusting the annual amount according to the inflation rate in the previous year, as set out in the law. It is ...
Country Report
Store Cards in Venezuela
Nov 2018
Store card transactions continued to decline in number in 2018, with negative value growth in real terms. Banks continued to offer these cards without any promotions, which might have led to an increase in the number of users with the possibility of ...
Country Report
Baked Goods in Venezuela
Nov 2018
Long queues at bakeries – at times supervised by armed police or community leaders – were less common in Venezuela during 2018, because shortages of wheat and high prices deterred the consumption of bread. Being a tropical country, Venezuela’s supply...
Country Report
Breakfast Cereals in Venezuela
Nov 2018
Limited and unstable product offerings, high prices and competition from cheaper breakfast substitutes shaped breakfast cereals during 2018, with retail volume sales continuing on a downwards path, after a catastrophic fall in 2016. The notorious ...
Country Report
Processed Fruit and Vegetables in Venezuela
Nov 2018
The performance of processed fruit and vegetables in 2018 continued to be largely determined by the erratic product offering across the category. Reduced availability of key inputs due to high import costs limited the presence of products on ...
Country Report
Processed Meat and Seafood in Venezuela
Nov 2018
Venezuelan consumers enjoy a wider brand variety in processed meat compared with categories such as breakfast cereals or soup. According to trade sources, the meat business in Venezuela poses low barriers to new entrants, so there is a great deal of ...
Country Report
Rice, Pasta and Noodles in Venezuela
Nov 2018
Due to its tropical climate, Venezuela’s supply of wheat depends solely on imports, which are under the strict control of the government through the issuing of import permits, subsidised foreign currency and the allocation of quotas to flour mills. ...
Country Report
Analgesics in Venezuela
Nov 2018
In Venezuela, systemic analgesics are positioned as products for light and moderate pain and general discomfort. Acetaminophen is commonly positioned as appropriate to treat mild fever and often advertised as “safe” for dengue cases because other ...
Country Report
Cough, Cold and Allergy (Hay Fever) Remedies in Venezuela
Nov 2018
Players in Venezuela are increasingly inclined to using herbal ingredients in their preparations as a way to avoid high prices of imported standard active ingredients while taking advantage of fewer regulations over the manufacture of natural ...
Country Report
Dermatologicals in Venezuela
Nov 2018
All categories recorded volume decline, but antipruritics and nappy (diaper) rash treatments showed the smallest volume losses thanks to a more competitive environment. These are products that have attracted companies in the beauty and cosmetics ...
Country Report
Dietary Supplements in Venezuela
Nov 2018
In spite of the recessionary environment that is affecting all products in consumer health, dietary supplements is comparatively more dynamic in 2018. While there has been a loss of traditional brands, other companies are taking advantage of the void...
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