Venezuela: Man-Made Filament Yarn Market 2025

Man-Made Filament Yarn Market Size in Venezuela

In 2021, the Venezuelan man-made filament yarn market increased by 80% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, faced a precipitous setback. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Man-Made Filament Yarn Exports

Exports from Venezuela

In 2019, approx. X kg of man-made filament yarn were exported from Venezuela; shrinking by -74.6% on 2018. Over the period under review, exports continue to indicate a precipitous contraction. The pace of growth appeared the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2015; however, from 2016 to 2019, the exports failed to regain momentum.

In value terms, man-made filament yarn exports reduced sharply to $X in 2019. Overall, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2018 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $X, and then fell markedly in the following year.

Exports by Country

Chile (X kg) was the main destination for man-made filament yarn exports from Venezuela, with a approx. 100% share of total exports.

From 2015 to 2019, the average annual rate of growth in terms of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for man-made filament yarn exports from Venezuela.

From 2015 to 2019, the average annual growth rate of value to Chile was relatively modest.

Export Prices by Country

In 2019, the average man-made filament yarn export price amounted to $X per ton, shrinking by -1.8% against the previous year. In general, export price indicated a buoyant expansion from 2015 to 2019: its price increased at an average annual rate of +14.9% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, man-made filament yarn export price increased by +74.1% against 2015 indices. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018, and then dropped modestly in the following year.

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

From 2015 to 2019, the rate of growth in terms of prices for Costa Rica amounted to +21.1% per year.

Man-Made Filament Yarn Imports

Imports into Venezuela

In 2021, overseas purchases of man-made filament yarn increased by 34% to X tons, rising for the third year in a row after two years of decline. In general, imports, however, showed a dramatic setback. The pace of growth appeared the most rapid in 2016 when imports increased by 84% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, man-made filament yarn imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a dramatic slump. The pace of growth appeared the most rapid in 2016 when imports increased by 101% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Thailand (X tons) were the main suppliers of man-made filament yarn imports to Venezuela, together comprising 90% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +7.4%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of man-made filament yarn to Venezuela, comprising 84% of total imports. The second position in the ranking was held by the United States ($X), with a 6.3% share of total imports. It was followed by Thailand, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-18.3% per year) and Thailand (-29.2% per year).

Import Prices by Country

The average man-made filament yarn import price stood at $X per ton in 2021, with an increase of 47% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, man-made filament yarn import price increased by +48.8% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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