Report Update Nov 1, 2024

Venezuela - Articles of Bitumen in Rolls - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Rolled Bitumen Articles Market 2024

Rolled Bitumen Articles Market Size in Venezuela

After two years of decline, the Venezuelan rolled bitumen articles market increased by 4.9% to $X in 2021. Overall, consumption, however, recorded a perceptible reduction. Rolled bitumen articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Rolled Bitumen Articles Production in Venezuela

In value terms, rolled bitumen articles production totaled $X in 2021 estimated in export price. In general, production, however, showed a abrupt shrinkage. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Rolled Bitumen Articles Exports

Exports from Venezuela

In 2021, shipments abroad of articles of bitumen in rolls was finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 48% against the previous year. The exports peaked at X square meters in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, rolled bitumen articles exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Colombia (X square meters), the United States (X square meters) and Mexico (X square meters) were the main destinations of rolled bitumen articles exports from Venezuela, together accounting for 90% of total exports. The Dominican Republic, Jamaica and Aruba lagged somewhat behind, together accounting for a further 6.8%.

From 2012 to 2021, the biggest increases were recorded for Jamaica (with a CAGR of +5.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for rolled bitumen articles exported from Venezuela were Colombia ($X), the United States ($X) and Mexico ($X), together comprising 84% of total exports. These countries were followed by the Dominican Republic, Jamaica and Aruba, which together accounted for a further 9.7%.

The Dominican Republic, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average rolled bitumen articles export price stood at $X per square meter in 2021, rising by 14% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 27%. As a result, the export price reached the peak level of $X per square meter. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per square meter), while the average price for exports to the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Bitumen Articles Imports

Imports into Venezuela

In 2021, overseas purchases of articles of bitumen in rolls were finally on the rise to reach X square meters for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports attained the maximum at X square meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, rolled bitumen articles imports skyrocketed to $X in 2021. Overall, imports, however, faced a dramatic decrease. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest supplier of rolled bitumen articles to Venezuela, accounting for a 66% share of total imports. Moreover, rolled bitumen articles imports from Italy exceeded the figures recorded by the second-largest supplier, China (X square meters), threefold. Spain (X square meters) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.5% per year) and Spain (+85.9% per year).

In value terms, the largest rolled bitumen articles suppliers to Venezuela were Italy ($X), China ($X) and the United States ($X), together accounting for 94% of total imports. Colombia and Spain lagged somewhat behind, together accounting for a further 3.2%.

In terms of the main suppliers, Spain, with a CAGR of +58.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles consumption in 2021 were China, the United States and Japan, with a combined 58% share of global consumption. These countries were followed by Russia, Mexico, South Korea, Saudi Arabia, Iran, Germany, Egypt, Turkey, Canada and France, which together accounted for a further 24%.

What are the largest producers of articles of bitumen in rolls in the world?

The countries with the highest volumes of rolled bitumen articles production in 2021 were China, the United States and Russia, with a combined 58% share of global production. Japan, Mexico, Saudi Arabia, Germany, Canada, South Korea, Iran, Italy, France and Turkey lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of articles of bitumen in rolls to Venezuela?

In value terms, China, Italy and the United States constituted the largest rolled bitumen articles suppliers to Venezuela, together comprising 96% of total imports.

What are the leading importers of articles of bitumen in rolls from Venezuela?

In value terms, Colombia remains the key foreign market for rolled bitumen articles exports from Venezuela, comprising 46% of total exports. The second position in the ranking was occupied by the United States, with a 21% share of total exports. It was followed by Mexico, with a 14% share.

What is the average export price for articles of bitumen in rolls in Venezuela?

In 2021, the average rolled bitumen articles export price amounted to $1.3 per square meter, with an increase of 2.1% against the previous year.

What is the average import price for articles of bitumen in rolls in Venezuela?

In 2021, the average rolled bitumen articles import price amounted to $2.2 per square meter, shrinking by -4.1% against the previous year.

This report provides an in-depth analysis of the rolled bitumen articles market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23991255 - Articles of asphalt or of similar materials, e.g. petroleum bitumen or coal tar pitch, in rolls

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023