Venezuela: Carpet Market 2025

Carpet Market Size in Venezuela

In 2022, after three years of growth, there was significant decline in the Venezuelan carpet market, when its value decreased by X% to $X. In general, consumption faced a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Carpet Exports

Exports from Venezuela

In 2022, overseas shipments of carpets and other textile floor coverings decreased by X% to X square meters for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X square meters in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, carpet exports totaled $X in 2022. In general, exports, however, enjoyed a mild increase. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X square meters) was the main destination for carpet exports from Venezuela, accounting for a X% share of total exports. It was followed by the United States (X square meters), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Colombia (X% per year).

In value terms, Panama ($X) remains the key foreign market for carpets and other textile floor coverings exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Panama stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average carpet export price amounted to $X per square meter, picking up by X% against the previous year. Over the period under review, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per square meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to Panama ($X per square meter) was amongst the lowest.

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

Carpet Imports

Imports into Venezuela

After three years of growth, overseas purchases of carpets and other textile floor coverings decreased by X% to X square meters in 2022. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, carpet imports dropped rapidly to $X in 2022. Overall, imports showed a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of carpet to Venezuela, with a X% share of total imports. Moreover, carpet imports from China exceeded the figures recorded by the second-largest supplier, India (X square meters), twofold. The third position in this ranking was taken by Panama (X square meters), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Panama (X% per year).

In value terms, the largest carpet suppliers to Venezuela were China ($X), India ($X) and Egypt ($X), together accounting for X% of total imports.

Among the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average carpet import price amounted to $X per square meter, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked at $X per square meter 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 the Netherlands ($X per square meter), while the price for Colombia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform

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