Venezuela: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Venezuela

The Venezuelan extruded solid rubber rod market totaled $X in 2022, with an increase of 2.3% against the previous year. In general, consumption recorded a perceptible reduction. The pace of growth was the most pronounced in 2020 when the market value increased by 9.6% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Venezuela

In value terms, extruded solid rubber rod production totaled $X in 2022 estimated in export price. In general, production showed a perceptible downturn. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Extruded solid rubber rod production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Venezuela

In 2022, shipments abroad of extruded solid rubber rods and profiles was finally on the rise to reach X kg for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2013 when exports increased by 1,673%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports surged to $X in 2022. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 1,566% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X kg), Mexico (X kg) and Chile (X kg) were the main destinations of extruded solid rubber rod exports from Venezuela, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +19.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bolivia ($X), Mexico ($X) and Chile ($X) constituted the largest markets for extruded solid rubber rod exported from Venezuela worldwide, with a combined 96% share of total exports.

Among the main countries of destination, Bolivia, with a CAGR of +26.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average extruded solid rubber rod export price stood at $X per ton in 2022, declining by -19% against the previous year. Overall, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 66% against the previous year. The export price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Venezuela

In 2022, after two years of decline, there was significant growth in purchases abroad of extruded solid rubber rods and profiles, when their volume increased by 251% to X tons. Overall, imports, however, saw a sharp setback. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Panama (X tons), Canada (X tons) and Aruba (X kg) were the main suppliers of extruded solid rubber rod imports to Venezuela, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +3.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest extruded solid rubber rod suppliers to Venezuela were Panama ($X), Canada ($X) and Aruba ($X), with a combined 64% share of total imports.

Among the main suppliers, Panama, with a CAGR of +1.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average extruded solid rubber rod import price stood at $X per ton in 2022, which is down by -8.5% against the previous year. Overall, the import price, however, posted tangible growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 45%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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