Venezuela: Market for Brooms, Brushes, And Mops 2024

Market Size for Brooms, Brushes, And Mops in Venezuela

After four years of growth, the Venezuelan broom, brush, and mop market decreased by -5.8% to $X in 2022. Over the period under review, consumption faced a abrupt slump. Broom, brush, and mop consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Brooms, Brushes, And Mops

Exports from Venezuela

In 2022, after four years of decline, there was significant growth in overseas shipments of brooms, brushes, and mops, when their volume increased by 24% to X units. In general, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 274% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, broom, brush, and mop exports fell remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 341% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Bolivia (X units) and Colombia (X units) were the main destinations of broom, brush, and mop exports from Venezuela, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +50.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for broom, brush, and mop exported from Venezuela were Bolivia ($X), the United States ($X) and Colombia ($X), together comprising 90% of total exports.

Among the main countries of destination, the United States, with a CAGR of +39.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average broom, brush, and mop export price amounted to $X per unit, waning by -32.9% against the previous year. In general, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 96% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of Brooms, Brushes, And Mops

Imports into Venezuela

In 2022, approx. X units of brooms, brushes, and mops were imported into Venezuela; waning by -9.9% compared with the previous year's figure. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 63% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, broom, brush, and mop imports shrank modestly to $X in 2022. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 79%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of broom, brush, and mop to Venezuela, accounting for a 90% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 2.2% share of total imports. The third position in this ranking was taken by Panama (X units), with a 0.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+42.9% per year) and Panama (-35.5% per year).

In value terms, China ($X) constituted the largest supplier of brooms, brushes, and mops to Venezuela, comprising 70% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.4% share of total imports. It was followed by Panama, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+16.6% per year) and Panama (-38.8% per year).

Import Prices by Country

The average broom, brush, and mop import price stood at $X per unit in 2022, picking up by 7.8% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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