Venezuela

Market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Venezuela. Includes comprehensive data and analysis, tables and charts, with five-year forecasts.

Venezuela StatisticsConsumer Lifestyles in VenezuelaVenezuela Country BriefingsFuture Demographics: Venezuela in 2030

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    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 ...

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    Country Report

    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 ...

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    Country Report

    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 ...

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    Country Report

    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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    Country Report

    Country Report

    Digestive Remedies in Venezuela

    Nov 2018

    A ban on aluminium hydroxide caused the production of antacids to stop altogether in 2014. The government’s ban on this active ingredient can be tied directly to the use of antacids as pepper spray and lachrymator agent (tear gas) blockers during the...

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    Country Report

    Country Report

    Herbal/Traditional Products in Venezuela

    Nov 2018

    Herbal/traditional products continue to increase their relevance as providers of relief to Venezuelan consumers given that many standard versions of the products remain scarce and expensive. The government has moved towards the formalisation of ...

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    Country Report

    Country Report

    NRT Smoking Cessation Aids in Venezuela

    Nov 2018

    As a result of the high cost of foreign currency and the ongoing hyperinflation present in Venezuela in 2018, imports of NRT smoking cessation aids could not be detected and sales are negligible. No brands were available in Venezuela during 2018....

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    Country Report

    Country Report

    Consumer Health in Venezuela

    Nov 2018

    Foreign exchange controls, currency quotas and price controls enacted by the Venezuelan government have resulted in severe shortages of food and medicines. During the years of abundant financial resources, Venezuelans were willing to live within the ...

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    Country Report

    Country Report

    Paediatric Consumer Health in Venezuela

    Nov 2018

    Paediatric consumer health products carry larger unit prices than their adult counterparts, ranking in sixth place in terms of average unit price of all OTC products available in Venezuela. Parents have learned to administer adult medicines to their ...

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    Country Report

    Country Report

    Sports Nutrition in Venezuela

    Nov 2018

    Operating conditions remain difficult in 2018 with players in sport nutrition products bearing the costs of importing products at the black market exchange rate. Prices reflect directly the constant weakening of the domestic currency and companies ...

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    Country Report

    Country Report

    Vitamins in Venezuela

    Nov 2018

    Single vitamins enjoy a slightly more competitive environment in 2018 in terms of variety, although all retail volumes show negative growth rates. Vitamin C exhibits the largest number of available brands whereas vitamin A is all but completely ...

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    Country Report

    Country Report

    Weight Management and Wellbeing in Venezuela

    Nov 2018

    For a fourth year in a row, weight management and wellbeing exhibits negative volume growth in all categories, to such an extent that two of them – supplement nutrition drinks and weight loss supplements – all but disappeared from stores in 2018. ...

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    Country Report

    Country Report

    Wound Care in Venezuela

    Nov 2018

    Scarcity of products in this category is particularly severe since it is traditionally dominated by multinational companies. Industry sources stated that while many private clinics and hospitals used to count on pharmacies and parapharmacies if they ...

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    Strategy Briefing

    Strategy Briefing

    Digital Landscape in Latin America

    Nov 2018

    Latin American governments have, in recent years, pushed measures to promote competition and implement projects to improve digital connectivity in the region. Telecom monopolies have been dismantled, thereby lowering prices and improving access, and ...

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    Country Profile

    Country Profile

    Latin America: Regional Profile

    Oct 2018

    Latin America’s real recovery will continue in 2018. The region’s consumer expenditure will also improve slightly in 2018. Caribbean economies will lag behind other countries due to their excessive reliance on tourism and remittances. Latin America ...

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    Strategy Briefing

    Strategy Briefing

    Commerce 2040: Revolutionary Tech Will Boost Consumer Engagement

    Oct 2018

    Explore how underlying drivers could change different consumer worlds over the next 20 years. In this report, Euromonitor outlines a vision for commerce in 2040, highlighting the new formats, business models and experiences that consumers of tomorrow...

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    Country Report

    Country Report

    Consumer Credit in Venezuela

    Oct 2018

    In Venezuela, the Central Bank of Venezuela (BCV) sets the interest rates that banks can charge for purchases made with credit cards; the cap is currently at 29%, much lower than the growth of inflation, which is expected to reach 1,000,000% by the ...

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    Country Report

    Country Report

    Consumer Lending in Venezuela

    Oct 2018

    One consequence of hyperinflation is that companies and individuals request larger loans to finance any limited production operations that still continue to take place or to cover increased spending with a credit card. However, banks cannot raise the...

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    Country Profile

    Country Profile

    Venezuela: Country Profile

    Sep 2018

    Venezuela’s economy continues to contract. Hyperinflation and severe structural weaknesses are only part of the reason for the continuing decline. Cash shortages, power shortages and the suspension of lending by Chinese banks are other limitations. ...

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    Country Report

    Country Report

    Car Rental (Destination) in Venezuela

    Sep 2018

    Car rental companies are decommissioning some vehicles in order to use the parts which are otherwise unavailable, thereby reducing their fleet sizes or enduring fleet inoperability due to maintenance issues. This is forcing companies to deal with ...

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