| Tournament details | |
|---|---|
| Host country | Venezuela |
| Dates | 22 March – 13 April |
| Teams | 9 |
| Final positions | |
| Champions |  Uruguay (1st title) |
| Runners-up |  Brazil |
| Third place |  Venezuela |
| Fourth place |  Peru |
| Tournament statistics | |
| Matches played | 19 |
| Goals scored | 64 (3.37 per match) |
| Top scorer(s) |  Juan Agüero (7) |
The South American Youth Championship 1954 was held in Caracas, Venezuela. It was the first time the tournament was organised.