Report Update Nov 1, 2024

Venezuela - Expansible Polystyrene in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Venezuela

In 2021, the Venezuelan expansible polystyrene market increased by 269% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, recorded a sharp reduction. Expansible polystyrene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Expansible Polystyrene Exports

Exports from Venezuela

In 2019, overseas shipments of expansible polystyrene in primary forms decreased by 0% to X tons for the first time since 2016, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a sharp slump. The smallest decline of 99.9% was in 2017. The exports peaked at X tons in 2016; however, from 2017 to 2019, the exports failed to regain momentum.

In value terms, expansible polystyrene exports stood at $X in 2019. In general, exports saw a deep contraction. The smallest decline of 99.9% was in 2017. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for expansible polystyrene exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2016 to 2019, the average annual rate of growth in terms of volume to Malaysia was relatively modest.

From 2016 to 2019, the average annual rate of growth in terms of value to Malaysia was relatively modest.

Export Prices by Country

The average expansible polystyrene export price stood at $X per ton in 2019, approximately reflecting the previous year. Overall, the export price showed a significant expansion. The growth pace was the most rapid in 2017 a decrease of 99.9%. The export price peaked in 2019 and is expected to retain growth in the immediate term.

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

From 2016 to 2019, the rate of growth in terms of prices for Malaysia amounted to 0.0% per year.

Expansible Polystyrene Imports

Imports into Venezuela

In 2021, purchases abroad of expansible polystyrene in primary forms increased by 161% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, saw a sharp slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. Overall, imports, however, saw a dramatic shrinkage. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Mexico (X tons) constituted the largest expansible polystyrene supplier to Venezuela, with a 88% share of total imports. Moreover, expansible polystyrene imports from Mexico exceeded the figures recorded by the second-largest supplier, Democratic People's Republic of Korea (X tons), more than tenfold. The third position in this ranking was held by South Korea (X tons), with a 0.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Mexico amounted to -39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Democratic People's Republic of Korea (-32.7% per year) and South Korea (-43.5% per year).

In value terms, Mexico ($X) constituted the largest supplier of expansible polystyrene in primary forms to Venezuela, comprising 94% of total imports. The second position in the ranking was held by Democratic People's Republic of Korea ($X), with a 4.5% share of total imports. It was followed by South Korea, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Mexico amounted to -38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Democratic People's Republic of Korea (-39.4% per year) and South Korea (-49.7% per year).

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, surging by 87% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for expansible polystyrene in primary forms in the world?

The countries with the highest volumes of expansible polystyrene consumption in 2021 were China, the United States and India, together accounting for 42% of global consumption. These countries were followed by Japan, Russia, Pakistan, Indonesia, Italy, Germany, Mexico, Poland, Turkey and Taiwan Chinese), which together accounted for a further 32%.

What are the largest producers of expansible polystyrene in primary forms in the world?

The countries with the highest volumes of expansible polystyrene production in 2021 were China, the United States and India, together accounting for 46% of global production. Japan, Russia, Pakistan, Indonesia, Turkey, Germany, Mexico, the Netherlands, Taiwan Chinese) and Iran lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of expansible polystyrene in primary forms to Venezuela?

In value terms, Mexico constituted the largest supplier of expansible polystyrene to Venezuela, comprising 94% of total imports. The second position in the ranking was occupied by Democratic People's Republic of Korea, with a 4.5% share of total imports.

What is the average export price for expansible polystyrene in primary forms in Venezuela?

The average expansible polystyrene export price stood at $1,542 per ton in 2019, remaining relatively unchanged against the previous year.

What is the average import price for expansible polystyrene in primary forms in Venezuela?

The average expansible polystyrene import price stood at $1,510 per ton in 2021, almost unchanged from the previous year.

This report provides an in-depth analysis of the expansible polystyrene 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 20162035 - Expansible polystyrene, 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