Venezuela: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Venezuela

The Venezuelan narrow woven fabric market rose modestly to $X in 2021, picking up by 3.6% against the previous year. In general, consumption, however, showed a perceptible curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Narrow Woven Fabric Production in Venezuela

In value terms, narrow woven fabric production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Narrow Woven Fabric Exports

Exports from Venezuela

In 2021, shipments abroad of narrow woven fabrics decreased by -38.6% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, recorded a perceptible expansion. The pace of growth was the most pronounced in 2018 with an increase of 501%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, narrow woven fabric exports dropped rapidly to $X in 2021. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2018 when exports increased by 371%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for narrow woven fabric exports from Venezuela, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at +21.7%.

In value terms, Colombia ($X) remains the key foreign market for narrow woven fabrics exports from Venezuela, comprising 86% of total exports. The second position in the ranking was taken by Costa Rica ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +15.0%.

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, which is down by -7.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to +8.4% per year.

Narrow Woven Fabric Imports

Imports into Venezuela

In 2021, supplies from abroad of narrow woven fabrics increased by 147% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports, however, faced a dramatic contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports soared to $X in 2021. Over the period under review, imports, however, faced a precipitous curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of narrow woven fabric to Venezuela, accounting for a 92% share of total imports. It was followed by France (X tons), with a 2.7% share of total imports. Brazil (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.2% per year) and Brazil (-35.5% per year).

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Venezuela, comprising 67% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Peru, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+27.8% per year) and Peru (-30.8% per year).

Import Prices by Country

The average narrow woven fabric import price stood at $X per ton in 2021, with an increase of 3.8% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, narrow woven fabric import price increased by +14.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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