Report Update Nov 1, 2024

Venezuela - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Venezuela

The Venezuelan industrial stearic acid market soared to $X in 2021, with an increase of 81% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a deep contraction. Industrial stearic acid consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Industrial Stearic Acid Exports

Exports from Venezuela

In 2020, the amount of industrial stearic acid exported from Venezuela totaled X tons, approximately reflecting the previous year. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of 55%. As a result, the exports attained the peak of X tons. From 2014 to 2020, the growth of the exports remained at a lower figure.

In value terms, industrial stearic acid exports amounted to $X in 2020. In general, exports faced a dramatic descent. The pace of growth was the most pronounced in 2013 with an increase of 11%. As a result, the exports attained the peak of $X. From 2014 to 2020, the growth of the exports remained at a lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for industrial stearic acid exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Costa Rica was relatively modest.

From 2012 to 2020, the average annual growth rate of value to Costa Rica was relatively modest.

Export Prices by Country

In 2020, the average industrial stearic acid export price amounted to $X per ton, leveling off at the previous year. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2015 an increase of 8.2% against the previous year. Over the period under review, the average export prices attained the peak figure in 2020 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2020, the rate of growth in terms of prices for Colombia amounted to -17.0% per year.

Industrial Stearic Acid Imports

Imports into Venezuela

Industrial stearic acid imports into Venezuela surged to X tons in 2021, increasing by 37% against the previous year's figure. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 with an increase of 89% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, industrial stearic acid imports soared to $X in 2021. In general, imports, however, recorded a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X tons), Colombia (X tons) and Malaysia (X tons) were the main suppliers of industrial stearic acid imports to Venezuela, together comprising 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +20.8%), while imports for the other leaders experienced a decline.

In value terms, Argentina ($X), Colombia ($X) and Malaysia ($X) appeared to be the largest industrial stearic acid suppliers to Venezuela, with a combined 61% share of total imports.

In terms of the main suppliers, Argentina, with a CAGR of +4.5%, saw 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 industrial stearic acid import price stood at $X per ton in 2021, rising by 26% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

The country with the largest volume of industrial stearic acid consumption was China, comprising approx. 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, with a combined 51% share of global production.

What are the leading suppliers of industrial stearic acid to Venezuela?

In value terms, the largest industrial stearic acid suppliers to Venezuela were Argentina, Malaysia and Indonesia, together comprising 59% of total imports.

What is the average export price for industrial stearic acid in Venezuela?

The average industrial stearic acid export price stood at $1,306 per ton in 2020, almost unchanged from the previous year.

What is the average import price for industrial stearic acid in Venezuela?

In 2020, the average industrial stearic acid import price amounted to $955 per ton, increasing by 4.7% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023