Venezuela: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Venezuela

In 2022, the Venezuelan market for floor, wall or ceiling coverings of plastics decreased by -24.9% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption showed a abrupt decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Venezuela

In 2022, exports of floor, wall or ceiling coverings of plastics from Venezuela contracted rapidly to X square meters, with a decrease of -34.1% on the previous year's figure. Overall, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 214% against the previous year. Over the period under review, the exports of reached the maximum at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of floor, wall or ceiling coverings of plastics declined significantly to $X in 2022. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 222% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Venezuela, with a 77% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Argentina exceeded the volume sent to the second major destination, Panama (X square meters), sixfold. The third position in this ranking was taken by the United States (X square meters), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled +102.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+3.1% per year) and the United States (+25.3% per year).

In value terms, Argentina ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Venezuela, comprising 82% of total exports. The second position in the ranking was held by Panama ($X), with a 7.8% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Argentina stood at +82.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+2.9% per year) and the United States (+20.7% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, standing approx. at the previous year. Overall, the export price showed a mild slump. The pace of growth was the most pronounced in 2019 an increase of 64%. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per square meter), while the average price for exports to Panama ($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 Chile (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Venezuela

After three years of growth, supplies from abroad of floor, wall or ceiling coverings of plastics decreased by -22.6% to X square meters in 2022. Overall, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 82% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of floor, wall or ceiling coverings of plastics fell markedly to $X in 2022. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Venezuela, with a 62% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, South Korea (X square meters), fivefold. The third position in this ranking was taken by the UK (X square meters), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.2% per year) and the UK (+35.1% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Venezuela, comprising 44% of total imports. The second position in the ranking was held by the UK ($X), with a 17% share of total imports. It was followed by South Korea, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+20.7% per year) and South Korea (-5.1% per year).

Import Prices by Country

The average import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, shrinking by -4.4% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. The import price peaked at $X per square meter in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 UK ($X per square meter), while the price for Peru ($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 China (-3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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