Venezuela: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Venezuela

The Venezuelan natural rubber and gum market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption, however, continues to indicate a sharp curtailment. Natural rubber and gum consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Natural Rubber And Gums in Venezuela

In value terms, natural rubber and gum production totaled $X in 2022 estimated in export price. Overall, production faced a sharp downturn. The pace of growth appeared the most rapid in 2013 with a decrease of 99.9% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

The average yield of natural rubber and gums in Venezuela amounted to less than X kg per ha in 2022, approximately reflecting the previous year's figure. In general, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The natural rubber and gum harvested area in Venezuela totaled less than X ha in 2022, approximately equating the previous year's figure. Overall, the harvested area showed a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Venezuela

In 2022, approx. X tons of natural rubber and gums were exported from Venezuela; remaining relatively unchanged against 2021 figures. Over the period under review, exports faced a precipitous setback. The smallest decline of 99.9% was in 2018. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, natural rubber and gum exports totaled $X in 2022. Overall, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for natural rubber and gum exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to the UK was relatively modest.

From 2014 to 2022, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average natural rubber and gum export price stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 a decrease of 99.9%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

From 2014 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to +14.3% per year.

Imports of Natural Rubber And Gums

Imports into Venezuela

In 2022, imports of natural rubber and gums into Venezuela surged to X tons, increasing by 363% compared with 2021 figures. In general, imports, however, continue to indicate a abrupt downturn. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, natural rubber and gum imports soared to $X in 2022. Over the period under review, imports, however, showed a abrupt slump. The growth pace was the most rapid in 2016 when imports increased by 276% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) constituted the largest natural rubber and gum supplier to Venezuela, with a 44% share of total imports. Moreover, natural rubber and gum imports from Malaysia exceeded the figures recorded by the second-largest supplier, Panama (X tons), fourfold. Vietnam (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-12.3% per year) and Vietnam (-24.0% per year).

In value terms, Malaysia ($X) constituted the largest supplier of natural rubber and gums to Venezuela, comprising 40% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Panama, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Malaysia stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-25.2% per year) and Panama (-25.9% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, falling by -30.1% against the previous year. In general, the import price showed a abrupt decline. The pace of growth appeared the most rapid in 2017 an increase of 73%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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