Venezuela: Anti-Freezing Preparations Market 2024

Anti-Freezing Preparations Market Size in Venezuela

The Venezuelan anti-freezing preparations market reduced to $X in 2021, waning by -5% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Anti-Freezing Preparations Production in Venezuela

In value terms, anti-freezing preparations production contracted modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Anti-Freezing Preparations Exports

Exports from Venezuela

In 2021, overseas shipments of anti-freezing preparations and prepared de-icing fluids were finally on the rise to reach X tons after two years of decline. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 237%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, anti-freezing preparations exports shrank to $X in 2021. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 333%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons), the United States (X tons) and Argentina (X tons) were the main destinations of anti-freezing preparations exports from Venezuela, together accounting for 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for Argentina (with a CAGR of +147.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anti-freezing preparations exported from Venezuela were the United States ($X), Argentina ($X) and Guatemala ($X), together comprising 78% of total exports.

In terms of the main countries of destination, Argentina, with a CAGR of +77.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average anti-freezing preparations export price stood at $X per ton in 2021, which is down by -13.4% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Argentina ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (-9.0%), while the prices for the other major destinations experienced a decline.

Anti-Freezing Preparations Imports

Imports into Venezuela

In 2021, purchases abroad of anti-freezing preparations and prepared de-icing fluids increased by 62% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 108% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, anti-freezing preparations imports skyrocketed to $X in 2021. In general, imports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 73% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X tons), the United States (X tons) and Ukraine (X tons) were the main suppliers of anti-freezing preparations imports to Venezuela, together comprising 85% of total imports. These countries were followed by Turkey, the UK, the Netherlands, Lithuania, Brazil, Colombia and Panama, which together accounted for a further 9.5%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +2,811.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of anti-freezing preparations and prepared de-icing fluids to Venezuela, comprising 68% of total imports. The second position in the ranking was taken by the United States ($X), with a 20% share of total imports. It was followed by Ukraine, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-38.4% per year) and Ukraine (+525.7% per year).

Import Prices by Country

The average anti-freezing preparations import price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the import price, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+45.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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