Venezuela: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in Venezuela

The Venezuelan billiard accessoires market declined markedly to $X in 2022, which is down by -38.4% 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). Over the period under review, consumption saw a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Billiard Accessoires Exports

Exports from Venezuela

In 2022, overseas shipments of articles and accessories for billiards were finally on the rise to reach X kg for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 289%. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, billiard accessoires exports soared to $X in 2022. In general, exports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by 203% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for billiard accessoires exports from Venezuela, with a 84% share of total exports. Moreover, billiard accessoires exports to Panama exceeded the volume sent to the second major destination, Thailand (X kg), more than tenfold. The third position in this ranking was taken by Spain (X kg), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (0.0% per year) and Spain (0.0% per year).

In value terms, Panama ($X) remains the key foreign market for articles and accessories for billiards exports from Venezuela, comprising 97% of total exports. The second position in the ranking was taken by Thailand ($X), with a 0.7% share of total exports. It was followed by Spain, with a 0.7% share.

From 2012 to 2022, the average annual growth rate of value to Panama amounted to -14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-6.7% per year) and Spain (0.0% per year).

Export Prices by Country

The average billiard accessoires export price stood at $X per ton in 2022, picking up by 43% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Costa Rica ($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 Costa Rica (-6.7%), while the prices for the other major destinations experienced a decline.

Billiard Accessoires Imports

Imports into Venezuela

In 2022, approx. X tons of articles and accessories for billiards were imported into Venezuela; falling by -39.1% on 2021 figures. Over the period under review, imports showed a sharp decrease. The pace of growth was the most pronounced in 2014 with an increase of 635% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, billiard accessoires imports reduced sharply to $X in 2022. In general, imports showed a deep setback. The growth pace was the most rapid in 2014 when imports increased by 553% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X tons), Panama (X tons) and Aruba (X tons) were the main suppliers of billiard accessoires imports to Venezuela, with a combined 70% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Aruba (with a CAGR of +7.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest billiard accessoires suppliers to Venezuela were Panama ($X), the United States ($X) and China ($X), with a combined 90% share of total imports. Portugal, Aruba and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 9.6%.

Portugal, with a CAGR of +19.6%, recorded 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 mixed trend patterns.

Import Prices by Country

The average billiard accessoires import price stood at $X per ton in 2022, rising by 2.6% against the previous year. In general, the import price recorded a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 187%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 Panama (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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