Venezuela: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Venezuela

In 2022, the Venezuelan metal domestic furniture market increased by X% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption, however, saw a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Domestic Furniture Exports

Exports from Venezuela

In 2022, overseas shipments of metal furniture decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal domestic furniture exports declined rapidly to $X in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for metal domestic furniture exports from Venezuela, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to Malaysia exceeded the volume sent to the second major destination, Panama (X kg), fourfold. Costa Rica (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Malaysia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Costa Rica (X% per year).

In value terms, Malaysia ($X), Canada ($X) and Australia ($X) were the largest markets for metal domestic furniture exported from Venezuela worldwide, with a combined X% share of total exports.

Among the main countries of destination, Malaysia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal domestic furniture export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Costa Rica ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Domestic Furniture Imports

Imports into Venezuela

In 2022, supplies from abroad of metal furniture increased by X% to X tons, rising for the fourth consecutive year after six years of decline. In general, imports, however, showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal domestic furniture imports reached $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal domestic furniture to Venezuela, accounting for a X% share of total imports. Moreover, metal domestic furniture imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Colombia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).

In value terms, China ($X) constituted the largest supplier of metal furniture to Venezuela, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United States (X% per year).

Import Prices by Country

The average metal domestic furniture import price stood at $X per ton in 2022, flattening at the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal domestic furniture import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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