Venezuela: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Venezuela

In 2021, after four years of growth, there was decline in the Venezuelan bituminous mixtures market, when its value decreased by -2% to $X. Over the period under review, consumption showed a mild slump. Bituminous mixtures consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bituminous Mixtures Production in Venezuela

In value terms, bituminous mixtures production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a noticeable downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11% against the previous year. Bituminous mixtures production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Venezuela

In 2021, approx. X tons of bituminous mixtures were exported from Venezuela; increasing by 81% against 2020 figures. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 157% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports soared to $X in 2021. In general, exports, however, saw a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for bituminous mixtures exports from Venezuela, accounting for a 54% share of total exports. Moreover, bituminous mixtures exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), threefold. The third position in this ranking was held by Colombia (X tons), with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +75.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+18.0% per year) and Colombia (+62.9% per year).

In value terms, the largest markets for bituminous mixtures exported from Venezuela were the United States ($X), Colombia ($X) and Bolivia ($X), with a combined 90% share of total exports. Ecuador, Peru, Chile and the Dominican Republic lagged somewhat behind, together accounting for a further 8.9%.

Peru, with a CAGR of +74.4%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, growing by 1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a deep downturn. The pace of growth was the most pronounced in 2015 an increase of 51%. As a result, the export price reached the peak level of $X per ton. From 2016 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, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the United States ($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 the Dominican Republic (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Bituminous Mixtures Imports

Imports into Venezuela

In 2021, purchases abroad of bituminous mixtures decreased by -60.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 554%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bituminous mixtures imports declined dramatically to $X in 2021. Overall, imports, however, recorded measured growth. The pace of growth was the most pronounced in 2014 when imports increased by 696% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Colombia (X kg) were the main suppliers of bituminous mixtures imports to Venezuela.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +218.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bituminous mixtures suppliers to Venezuela were the Netherlands ($X), the United States ($X) and Colombia ($X).

The Netherlands, with a CAGR of +209.5%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, with an increase of 31% against the previous year. In general, the import price enjoyed a measured expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 122%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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