Venezuela: Market for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground 2025

Market Size for Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Venezuela

The Venezuelan market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X in 2022, increasing by 2% against the previous year. Overall, consumption, however, recorded a mild decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground in Venezuela

In value terms, production of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Production of peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Exports from Venezuela

After four years of growth, overseas shipments of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -3.7% to X square meters in 2022. Over the period under review, exports showed a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of 300%. The exports peaked at X square meters in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground rose modestly to $X in 2022. In general, exports saw a sharp decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 175% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Costa Rica (X square meters) was the main destination for exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from Venezuela, with a 58% share of total exports. Moreover, exports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Costa Rica exceeded the volume sent to the second major destination, Colombia (X square meters), threefold. Spain (X square meters) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Costa Rica amounted to -31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-36.2% per year) and Spain (-12.1% per year).

In value terms, Costa Rica ($X) remains the key foreign market for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground exports from Venezuela, comprising 60% of total exports. The second position in the ranking was taken by Colombia ($X), with an 18% share of total exports. It was followed by Nicaragua, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Costa Rica totaled -35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-40.6% per year) and Nicaragua (-40.8% per year).

Export Prices by Country

The average export price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, surging by 7.6% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47%. Over the period under review, the average export prices hit record highs at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($X per square meter), while the average price for exports to Brazil ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (-3.6%), while the prices for the other major destinations experienced a decline.

Imports of Float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground

Imports into Venezuela

After three years of growth, overseas purchases of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground decreased by -21.1% to X square meters in 2022. In general, imports showed a slight slump. The growth pace was the most rapid in 2017 with an increase of 566%. Over the period under review, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout mass (body tinted), opacified, flashed or merely surface ground reached the peak figure at X square meters in 2021, and then shrank dramatically in the following year.

In value terms, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground reduced notably to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 593%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Venezuela, accounting for a 52% share of total imports. Moreover, imports of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground from China exceeded the figures recorded by the second-largest supplier, Brazil (X square meters), threefold. The third position in this ranking was taken by the United Arab Emirates (X square meters), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +29.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.0% per year) and the United Arab Emirates (-13.1% per year).

In value terms, China ($X) constituted the largest supplier of float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground to Venezuela, comprising 53% of total imports. The second position in the ranking was held by Turkey ($X), with a 17% share of total imports. It was followed by Brazil, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+15.1% per year) and Brazil (-3.1% per year).

Import Prices by Country

The average import price for float glass and surface ground glass, in sheets, non-wired, other than coloured throughout the mass (body tinted), opacified, flashed or merely surface ground stood at $X per square meter in 2022, with a decrease of -5.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 43% against the previous year. As a result, import price reached the peak level of $X per square meter. From 2016 to 2022, the average import prices remained at a 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 Turkey ($X per square meter), while the price for Colombia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform