Venezuela: Amino Resin Market 2025

Amino Resin Market Size in Venezuela

The Venezuelan amino resin market surged to $X in 2022, increasing by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Amino Resin Exports

Exports from Venezuela

For the tenth year in a row, Venezuela recorded decline in overseas shipments of amino resins, which decreased by -9.2% to X kg in 2022. In general, exports faced a precipitous descent. The smallest decline of -7.6% was in 2018. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, amino resin exports declined rapidly to $X in 2022. Over the period under review, exports saw a dramatic descent. The smallest decline of -8.1% was in 2021. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for amino resin exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at -33.9%.

In value terms, Colombia ($X) also remains the key foreign market for amino resins exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled -45.7%.

Export Prices by Country

The average amino resin export price stood at $X per ton in 2022, waning by -23.3% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 a decrease of -0.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -17.9% per year.

Amino Resin Imports

Imports into Venezuela

In 2022, the amount of amino resins imported into Venezuela skyrocketed to X tons, increasing by 24% on 2021 figures. Over the period under review, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, amino resin imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and Italy (X tons) were the main suppliers of amino resin imports to Venezuela, with a combined 63% share of total imports. Spain, Japan, China, the United States and Panama lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +98.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Italy ($X) and Spain ($X) were the largest amino resin suppliers to Venezuela, with a combined 47% share of total imports. Germany, China, the United States, Japan and Panama lagged somewhat behind, together comprising a further 22%.

Japan, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average amino resin import price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 30%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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