Venezuela - Knotted Carpets and Other Knotted Textile Floor Coverings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVenezuela: Knotted Carpet Market 2024
Knotted Carpet Market Size in Venezuela
In 2022, the Venezuelan knotted carpet market increased by 15% to $X for the first time since 2012, thus ending a nine-year declining trend. In general, consumption, however, faced a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Knotted Carpet Exports
Exports from Venezuela
In 2022, after five years of growth, there was significant decline in shipments abroad of knotted carpets and other knotted textile floor coverings, when their volume decreased by -35.9% to X square meters. Over the period under review, exports, however, posted prominent growth. The growth pace was the most rapid in 2021 with an increase of 255%. As a result, the exports attained the peak of X square meters, and then dropped sharply in the following year.
In value terms, knotted carpet exports shrank rapidly to $X in 2022. Overall, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2020 with an increase of 213%. Over the period under review, the exports hit record highs at $X in 2021, and then fell notably in the following year.
Exports by Country
The United States (X square meters), Aruba (X square meters) and Spain (X square meters) were the main destinations of knotted carpet exports from Venezuela, with a combined 98% share of total exports.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +17.2%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, the United States ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from Venezuela, comprising 75% of total exports. The second position in the ranking was taken by Aruba ($X), with a 22% share of total exports. It was followed by Spain, with a 3.1% share.
From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+3.8% per year) and Spain (-10.8% per year).
Export Prices by Country
The average knotted carpet export price stood at $X per square meter in 2022, with an increase of 26% against the previous year. In general, the export price, however, showed a deep slump. The growth pace was the most rapid in 2016 an increase of 40% against the previous year. The export price peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per square meter), while the average price for exports to the Dominican Republic ($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 Spain (-2.7%), while the prices for the other major destinations experienced a decline.
Knotted Carpet Imports
Imports into Venezuela
In 2022, supplies from abroad of knotted carpets and other knotted textile floor coverings was finally on the rise to reach X square meters for the first time since 2012, thus ending a nine-year declining trend. In general, imports, however, recorded a abrupt setback. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
In value terms, knotted carpet imports expanded significantly to $X in 2022. Overall, imports, however, faced a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.
Imports by Country
The United States (X square meters), Egypt (X square meters) and France (X square meters) were the main suppliers of knotted carpet imports to Venezuela, with a combined 51% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +41.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Egypt ($X), Italy ($X) and the Netherlands ($X) were the largest knotted carpet suppliers to Venezuela, together accounting for 32% of total imports. The United States, France, Hong Kong SAR, Morocco, Canada, Switzerland, Austria, Panama, Turkey and Colombia lagged somewhat behind, together comprising a further 40%.
France, with a CAGR of +36.1%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2022, the average knotted carpet import price amounted to $X per square meter, dropping by -7.9% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 40%. Over the period under review, average import prices reached the maximum at $X per square meter in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($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 Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the knotted carpet 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 13931100 - Knotted carpets and other knotted textile floor coverings
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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