Venezuela: Market for Bed Linen Of Cotton 2024

Market Size for Bed Linen Of Cotton in Venezuela

The Venezuelan bed linen of cotton market surged to $X in 2022, rising by 16% 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 showed a dramatic setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Bed Linen Of Cotton

Exports from Venezuela

In 2022, overseas shipments of bed linen of cotton decreased by -2.6% to X kg, falling for the fourth year in a row after two years of growth. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of 354% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, bed linen of cotton exports soared to $X in 2022. In general, exports faced a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 224%. Over the period under review, the exports hit record highs 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 bed linen of cotton exports from Venezuela, with a 73% share of total exports. Moreover, bed linen of cotton exports to Panama exceeded the volume sent to the second major destination, Portugal (X kg), sevenfold. The third position in this ranking was taken by the United States (X kg), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+13.9% per year) and the United States (-3.3% per year).

In value terms, Panama ($X) remains the key foreign market for bed linen of cotton exports from Venezuela, comprising 80% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Portugal, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama stood at -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.3% per year) and Portugal (-2.5% per year).

Export Prices by Country

In 2022, the average bed linen of cotton export price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 82% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Costa Rica ($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 Ecuador (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Cotton

Imports into Venezuela

In 2022, approx. X tons of bed linen of cotton were imported into Venezuela; with a decrease of -15.6% compared with 2021 figures. In general, imports recorded a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 63%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bed linen of cotton imports skyrocketed to $X in 2022. Overall, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Pakistan (X tons), Hong Kong SAR (X tons) and Panama (X tons) were the main suppliers of bed linen of cotton imports to Venezuela, together comprising 72% of total imports. The UK, the United States, India, Turkey and China lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +3.5%), while purchases for the other leaders experienced a decline.

In value terms, Pakistan ($X), Hong Kong SAR ($X) and the UK ($X) were the largest bed linen of cotton suppliers to Venezuela, together accounting for 74% of total imports.

The UK, with a CAGR of -7.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average bed linen of cotton import price amounted to $X per ton, with an increase of 56% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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