Venezuela: Hard Plastic Comb Market 2024

Hard Plastic Comb Market Size in Venezuela

In 2022, after three years of growth, there was significant decline in the Venezuelan hard plastic comb market, when its value decreased by -17% to $X. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Hard Plastic Comb Exports

Exports from Venezuela

In 2022, the amount of hard rubber or plastic combs exported from Venezuela reduced markedly to X kg, falling by -20% against 2021 figures. Over the period under review, exports faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 994%. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, hard plastic comb exports dropped remarkably to $X in 2022. Overall, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2017 when exports increased by 592% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for hard plastic comb exports from Venezuela, accounting for a 85% share of total exports. Moreover, hard plastic comb exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X kg), more than tenfold. The Dominican Republic (X kg) ranked third in terms of total exports with a 5% share.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (0.0% per year) and the Dominican Republic (-6.7% per year).

In value terms, Colombia ($X) remains the key foreign market for hard rubber or plastic combs exports from Venezuela, comprising 91% of total exports. The second position in the ranking was held by Peru ($X), with a 6.2% share of total exports. It was followed by Costa Rica, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to -27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-39.8% per year) and Costa Rica (-16.4% per year).

Export Prices by Country

In 2022, the average hard plastic comb export price amounted to $X per ton, with a decrease of -4.8% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to the Dominican Republic ($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 the Dominican Republic (-8.8%), while the prices for the other major destinations experienced a decline.

Hard Plastic Comb Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in supplies from abroad of hard rubber or plastic combs, when their volume decreased by -7.2% to X tons. Over the period under review, imports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 when imports increased by 305% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, hard plastic comb imports fell rapidly to $X in 2022. In general, imports recorded a slight shrinkage. The pace of growth appeared the most rapid in 2014 when imports increased by 201% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of hard plastic comb to Venezuela, with a 96% share of total imports. Moreover, hard plastic comb imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 0.4% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.7% per year) and Taiwan (Chinese) (-18.7% per year).

In value terms, China ($X) constituted the largest supplier of hard rubber or plastic combs to Venezuela, comprising 85% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Taiwan (Chinese), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.6% per year) and Taiwan (Chinese) (-21.4% per year).

Import Prices by Country

In 2022, the average hard plastic comb import price amounted to $X per ton, which is down by -18.6% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hard plastic comb import price increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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