Venezuela: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Venezuela

The Venezuelan non-cellular polystyrene film market was estimated at $X in 2022, with an increase of 2% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Non-cellular polystyrene film consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Cellular Polystyrene Film Production in Venezuela

In value terms, non-cellular polystyrene film production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 33%. Non-cellular polystyrene film production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Cellular Polystyrene Film Exports

Exports from Venezuela

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip decreased by -7.4% to X tons for the first time since 2013, thus ending a eight-year rising trend. Overall, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 148% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, non-cellular polystyrene film exports shrank to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of 136%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank in the following year.

Exports by Country

Colombia (X tons) was the main destination for non-cellular polystyrene film exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled +31.8%.

In value terms, Colombia ($X) also remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at +36.0%.

Export Prices by Country

In 2022, the average non-cellular polystyrene film export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film export price increased by +2.1% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 77% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +3.3% per year.

Non-Cellular Polystyrene Film Imports

Imports into Venezuela

In 2022, purchases abroad of non-cellular polystyrene films, sheets, foil and strip was finally on the rise to reach X tons for the first time since 2014, thus ending a seven-year declining trend. Overall, imports, however, continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2014 when imports increased by 28% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, non-cellular polystyrene film imports expanded to $X in 2022. Over the period under review, imports, however, saw a sharp downturn. The most prominent rate of growth was recorded in 2013 with an increase of 24%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of non-cellular polystyrene film to Venezuela, accounting for a 70% share of total imports. Moreover, non-cellular polystyrene film imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled -23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-22.4% per year) and Taiwan (Chinese) (-23.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Venezuela, comprising 58% of total imports. The second position in the ranking was taken by Mexico ($X), with a 29% share of total imports. It was followed by Taiwan (Chinese), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-26.1% per year) and Taiwan (Chinese) (-26.8% per year).

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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