Venezuela: Market for Jute And Jute-Like Fibers 2025

Market Size for Jute And Jute-Like Fibers in Venezuela

The Venezuelan jute and jute-like fibers market surged to $X in 2022, rising by 17,322% 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). Over the period under review, consumption enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Jute And Jute-Like Fibers

Exports from Venezuela

Jute and jute-like fibers exports from Venezuela dropped to X kg in 2022, shrinking by -12% against the previous year. In general, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2019 when exports increased by 294% against the previous year. Over the period under review, the exports reached the peak figure at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, jute and jute-like fibers exports stood at $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.6% against 2012 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Aruba (X kg) was the main destination for jute and jute-like fibers exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba was relatively modest.

In value terms, Aruba ($X) also remains the key foreign market for jute and jute-like fibers exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba stood at +5.9%.

Export Prices by Country

The average jute and jute-like fibers export price stood at $X per ton in 2022, increasing by 14% against the previous year. In general, the export price saw measured growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 701% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +4.8% per year.

Imports of Jute And Jute-Like Fibers

Imports into Venezuela

Jute and jute-like fibers imports into Venezuela soared to X tons in 2022, jumping by 16,529% on 2021 figures. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, jute and jute-like fibers imports soared to $X in 2022. Overall, imports, however, continue to indicate a deep reduction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) was the main jute and jute-like fibers supplier to Venezuela, with a 97% share of total imports. It was followed by India (X tons), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +26.0%.

In value terms, the United States ($X) constituted the largest supplier of jute and jute-like fibers to Venezuela, comprising 67% of total imports. The second position in the ranking was held by India ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -2.2%.

Import Prices by Country

The average jute and jute-like fibers import price stood at $X per ton in 2022, waning by -83.1% against the previous year. In general, the import price showed a sharp contraction. The growth pace was the most rapid in 2021 when the average import price increased by 7% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 India ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.8%).

Source: IndexBox Platform

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