Venezuela: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan acrylic polymer market, when its value decreased by X% to $X. Overall, consumption, however, faced a deep downturn. Acrylic polymer consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Acrylic Polymer Production in Venezuela

In value terms, acrylic polymer production rose modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Acrylic Polymer Exports

Exports from Venezuela

In 2022, shipments abroad of acrylic polymers (in primary forms) increased by X% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, acrylic polymer exports amounted to $X in 2022. In general, exports, however, faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), the Dominican Republic (X tons) and Paraguay (X kg) were the main destinations of acrylic polymer exports from Venezuela, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Paraguay (X% per year).

Export Prices by Country

In 2022, the average acrylic polymer export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price saw a drastic downturn. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced a decline.

Acrylic Polymer Imports

Imports into Venezuela

In 2022, imports of acrylic polymers (in primary forms) into Venezuela shrank significantly to X tons, falling by X% against the year before. Overall, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, acrylic polymer imports dropped sharply to $X in 2022. In general, imports recorded a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest acrylic polymer supplier to Venezuela, with a X% share of total imports. Moreover, acrylic polymer imports from Japan exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Belgium (X% per year).

In value terms, Japan ($X) constituted the largest supplier of acrylic polymers (in primary forms) to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Belgium (X% per year).

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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