Venezuela: Market for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings 2024

Market Size for Flexible Tubes, Pipes and Hoses of Plastics, with Fittings in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan market for flexible tubes, pipes and hoses of plastics, with fittings, when its value decreased by -13% to $X. Overall, consumption recorded a sharp decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Exports from Venezuela

In 2022, overseas shipments of flexible tubes, pipes and hoses of plastics, with fittings decreased by -48.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,979%. Over the period under review, the exports of hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of flexible tubes, pipes and hoses of plastics, with fittings shrank remarkably to $X in 2022. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,977% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for exports of flexible tubes, pipes and hoses of plastics, with fittings from Venezuela, accounting for a 91% share of total exports. Moreover, exports of flexible tubes, pipes and hoses of plastics, with fittings to Panama exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama stood at +50.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+36.4% per year) and El Salvador (+2.1% per year).

In value terms, the largest markets for flexible tubes, pipes and hoses of plastics, with fittings exported from Venezuela were Colombia ($X), Panama ($X) and El Salvador ($X), together comprising 96% of total exports.

Among the main countries of destination, Colombia, with a CAGR of +30.1%, saw the highest growth rate of 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 export price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, leveling off at the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Panama ($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 Colombia (-4.6%), while the prices for the other major destinations experienced a decline.

Imports of Flexible Tubes, Pipes and Hoses of Plastics, with Fittings

Imports into Venezuela

In 2022, overseas purchases of flexible tubes, pipes and hoses of plastics, with fittings decreased by -10.2% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 711%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of flexible tubes, pipes and hoses of plastics, with fittings fell notably to $X in 2022. In general, imports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 318%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest flexible tubes, pipes and hoses of plastics, with fittings supplier to Venezuela, accounting for a 84% share of total imports. Moreover, imports of flexible tubes, pipes and hoses of plastics, with fittings from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), sevenfold. The third position in this ranking was held by South Korea (X kg), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-34.6% per year) and South Korea (+12.2% per year).

In value terms, China ($X), Colombia ($X) and South Korea ($X) appeared to be the largest flexible tubes, pipes and hoses of plastics, with fittings suppliers to Venezuela, with a combined 86% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +11.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for flexible tubes, pipes and hoses of plastics, with fittings stood at $X per ton in 2022, falling by -12.6% against the previous year. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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