Venezuela: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in Venezuela

The Venezuelan market for non-ionic surface-active agents (excluding soap) dropped rapidly to $X in 2021, shrinking by -26% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a sharp curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from Venezuela

In 2021, overseas shipments of non-ionic surface-active agents (excluding soap) were finally on the rise to reach X tons after five years of decline. Overall, exports, however, recorded a significant decline. The pace of growth appeared the most rapid in 2015 when exports increased by 23% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-ionic surface-active agents (excl. soap) exports reduced slightly to $X in 2021. In general, exports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2013 with an increase of 68% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for non-ionic surface-active agents (excl. soap) exports from Venezuela, accounting for a 73% share of total exports. Moreover, non-ionic surface-active agents (excl. soap) exports to Peru exceeded the volume sent to the second major destination, Ecuador (X kg), fourfold. The third position in this ranking was taken by Brazil (X kg), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to Peru totaled -32.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-29.2% per year) and Brazil (-36.1% per year).

In value terms, the largest markets for non-ionic surface-active agents (excl. soap) exported from Venezuela were Peru ($X), Ecuador ($X) and Brazil ($X), with a combined 97% share of total exports.

Among the main countries of destination, Ecuador, with a CAGR of -17.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for non-ionic surface-active agents (excluding soap) stood at $X per ton in 2021, dropping by -8% against the previous year. Over the period under review, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 52%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+23.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into Venezuela

For the fifth year in a row, Venezuela recorded decline in supplies from abroad of non-ionic surface-active agents (excluding soap), which decreased by -36.4% to X tons in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2016 when imports increased by 149% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, non-ionic surface-active agents (excl. soap) imports dropped significantly to $X in 2021. Overall, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 158%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest non-ionic surface-active agents (excl. soap) supplier to Venezuela, with a 46% share of total imports. Moreover, non-ionic surface-active agents (excl. soap) imports from Russia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-17.3% per year) and China (+35.9% per year).

In value terms, Russia ($X) constituted the largest supplier of non-ionic surface-active agents (excluding soap) to Venezuela, comprising 37% of total imports. The second position in the ranking was taken by the UK ($X), with a 12% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-12.6% per year) and Mexico (-20.7% per year).

Import Prices by Country

The average import price for non-ionic surface-active agents (excluding soap) stood at $X per ton in 2021, jumping by 31% against the previous year. Overall, the import price, however, continues to indicate a perceptible downturn. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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