Venezuela: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Venezuela

The Venezuelan vulcanised rubber erases market skyrocketed to $X in 2021, increasing by 304% 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). In general, consumption, however, faced a abrupt setback. Vulcanised rubber erases consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Vulcanised Rubber Erases Exports

Exports from Venezuela

After two years of growth, shipments abroad of erasers of vulcanised rubber decreased by -26.5% to X kg in 2021. Overall, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 154%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, vulcanised rubber erases exports surged to $X in 2021. Over the period under review, exports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2014 with an increase of 245%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for vulcanised rubber erases exports from Venezuela, accounting for a 65% share of total exports. Moreover, vulcanised rubber erases exports to Colombia exceeded the volume sent to the second major destination, New Zealand (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia totaled -32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (0.0% per year) and the Dominican Republic (+13.0% per year).

In value terms, New Zealand ($X) emerged as the key foreign market for erasers of vulcanised rubber exports from Venezuela, comprising 66% of total exports. The second position in the ranking was taken by Colombia ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value to New Zealand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-35.7% per year) and the Dominican Republic (+3.9% per year).

Export Prices by Country

In 2021, the average vulcanised rubber erases export price amounted to $X per ton, jumping by 160% against the previous year. Over the period under review, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Colombia ($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 (-4.4%).

Vulcanised Rubber Erases Imports

Imports into Venezuela

In 2021, approx. X tons of erasers of vulcanised rubber were imported into Venezuela; increasing by 343% against 2020 figures. Over the period under review, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 1,273%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, vulcanised rubber erases imports surged to $X in 2021. In general, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2019 with an increase of 797%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vulcanised rubber erases to Venezuela, accounting for a 76% share of total imports. Moreover, vulcanised rubber erases imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. Mexico (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.5% per year) and Mexico (+14.2% per year).

In value terms, China ($X) constituted the largest supplier of erasers of vulcanised rubber to Venezuela, comprising 56% of total imports. The second position in the ranking was taken by the United States ($X), with a 23% share of total imports. It was followed by Mexico, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.3% per year) and Mexico (+15.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, with a decrease of -19.7% against the previous year. In general, the import price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 138%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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