Report Update Nov 1, 2024

Venezuela - Chewing Gum - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Chewing Gum Market 2022

Chewing Gum Market Size in Venezuela

In 2021, the venezuelan chewing gum market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend.The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.Chewing gum consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Chewing Gum Production in Venezuela

In value terms, chewing gum production reached $X in 2021 estimated in export price.In general, production continues to indicate a strong increase.The pace of growth was the most pronounced in 2013 with an increase of X gum production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Chewing Gum Exports

Exports from Venezuela

In 2021, the amount of chewing gum exported from venezuela rose significantly to X kg, surging by X% against the previous year's figure.Overall, exports, however, showed a abrupt slump.The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year.Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, chewing gum exports rose to $X in 2021.Over the period under review, exports, however, recorded a noticeable slump.The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year.Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Aruba (X kg) was the main destination for chewing gum exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Aruba amounted to -X%.

In value terms, Aruba ($X) also remains the key foreign market for chewing gum exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba amounted to -X%.

Export Prices by Country

The average chewing gum export price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2021, the rate of growth in terms of prices for Aruba amounted to +X% per year.

Chewing Gum Imports

Imports into Venezuela

In 2021, supplies from abroad of chewing gum was finally on the rise to reach X tons after three years of decline.In general, imports, however, recorded a abrupt downturn.The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year.Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, chewing gum imports shrank modestly to $X in 2021.The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period.The pace of growth appeared the most rapid in 2016 with an increase of X the period under review, imports reached the peak figure at $X in 2020, and then shrank slightly in the following year.

Imports by Country

Brazil (X tons), Colombia (X tons) and Pakistan (X tons) were the main suppliers of chewing gum imports to Venezuela, with a combined X% share of total imports.

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

In value terms, the largest chewing gum suppliers to Venezuela were Colombia ($X), Chile ($X) and Brazil ($X), with a combined X% share of total imports.

Brazil, with a cagr of +X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2021, reducing by -X% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, chewing gum import price increased by +X% against 2012 indices.The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then reduced modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Switzerland ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chewing gum in the world?

China remains the largest chewing gum consuming country worldwide, comprising approx. 15% of total volume. Moreover, chewing gum consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 4.9% share.

What are the largest producers of chewing gum in the world?

China constituted the country with the largest volume of chewing gum production, accounting for 19% of total volume. Moreover, chewing gum production in China exceeded the figures recorded by the second-largest producer, India, threefold. Turkey ranked third in terms of total production with a 5.9% share.

What are the leading suppliers of chewing gum to Venezuela?

In value terms, Chile constituted the largest supplier of chewing gum to Venezuela, comprising 33% of total imports. The second position in the ranking was occupied by Pakistan, with a 14% share of total imports. It was followed by Colombia, with a 14% share.

What are the leading importers of chewing gum from Venezuela?

In value terms, Aruba $266) remains the key foreign market for chewing gum exports from Venezuela.

What is the average export price for chewing gum in Venezuela?

In 2020, the average chewing gum export price amounted to $11,083 per ton, remaining relatively unchanged against the previous year.

What is the average import price for chewing gum in Venezuela?

The average chewing gum import price stood at $7,114 per ton in 2020, rising by 12% against the previous year.

This report provides an in-depth analysis of the chewing gum 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 10822310 - Chewing gum

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