Report Update Nov 1, 2024

Venezuela - Epoxide Resins in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Epoxide Resin Market 2024

Epoxide Resin Market Size in Venezuela

The Venezuelan epoxide resin market skyrocketed to $X in 2021, rising by 471% 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). Over the period under review, consumption, however, saw a deep reduction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Epoxide Resin Exports

Exports from Venezuela

In 2021, overseas shipments of epoxide resins decreased by -19% to X kg, falling for the third year in a row after two years of growth. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 762% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, epoxide resin exports fell slightly to $X in 2021. Overall, exports saw a sharp descent. The most prominent rate of growth was recorded in 2017 when exports increased by 569% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador (X kg) was the main destination for epoxide resin exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ecuador was relatively modest.

In value terms, Ecuador ($X) also remains the key foreign market for epoxide resins exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador totaled -3.0%.

Export Prices by Country

The average epoxide resin export price stood at $X per ton in 2021, jumping by 23% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, epoxide resin export price increased by +86.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 34%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to -2.9% per year.

Epoxide Resin Imports

Imports into Venezuela

In 2021, the amount of epoxide resins imported into Venezuela skyrocketed to X tons, jumping by 445% compared with 2020 figures. Overall, imports, however, faced a deep contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, epoxide resin imports surged to $X in 2021. Over the period under review, imports, however, saw a abrupt decrease. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest epoxide resin supplier to Venezuela, with a 44% share of total imports. Moreover, epoxide resin imports from South Korea exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was held by the Czech Republic (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+14.4% per year) and the Czech Republic (+11.3% per year).

In value terms, Canada ($X) constituted the largest supplier of epoxide resins to Venezuela, comprising 59% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by the UK, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada stood at +35.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.7% per year) and the UK (+18.2% per year).

Import Prices by Country

The average epoxide resin import price stood at $X per ton in 2021, picking up by 4.7% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 39%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.2%), 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 epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins consumption in 2020 were China, the U.S. and Taiwan Chinese), together comprising 53% of global consumption.

What are the largest producers of epoxide resins in primary forms in the world?

The countries with the highest volumes of epoxide resins production in 2020 were the U.S., China and South Korea, with a combined 51% share of global production.

What are the leading suppliers of epoxide resins in primary forms to Venezuela?

In value terms, the UK constituted the largest supplier of epoxide resins to Venezuela, comprising 29% of total imports. The second position in the ranking was occupied by South Korea, with a 13% share of total imports. It was followed by the U.S., with a 12% share.

What are the leading importers of epoxide resins in primary forms from Venezuela?

In value terms, Ecuador remains the key foreign market for epoxide resins exports from Venezuela.

What is the average export price for epoxide resins in primary forms in Venezuela?

In 2020, the average epoxide resins export price amounted to $2,082 per ton, leveling off at the previous year.

What is the average import price for epoxide resins in primary forms in Venezuela?

In 2020, the average epoxide resins import price amounted to $2,592 per ton, with a decrease of -11.3% against the previous year.

This report provides an in-depth analysis of the epoxide resin 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 20164030 - Epoxide resins, in primary forms

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