Venezuela: Market for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards 2024

Market Size for Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards in Venezuela

In 2021, the Venezuelan non-woven glass fibre articles market decreased by -13.5% to $X, falling for the sixth year in a row after two years of growth. In general, consumption continues to indicate a precipitous decrease. Non-woven glass fibre articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Exports from Venezuela

Non-woven glass fibre articles exports from Venezuela shrank slightly to X tons in 2021, which is down by -4.1% compared with 2020. In general, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,600% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, non-woven glass fibre articles exports reduced to $X in 2021. Over the period under review, exports showed a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 361% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for non-woven glass fibre articles exports from Venezuela, with a 86% share of total exports. Moreover, non-woven glass fibre articles exports to the United States exceeded the volume sent to the second major destination, Aruba (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +3.7%.

In value terms, the United States ($X) remains the key foreign market for non-woven glass fibre webs, felts, mattresses and boards exports from Venezuela, comprising 71% of total exports. The second position in the ranking was held by Aruba ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -14.0%.

Export Prices by Country

In 2021, the average non-woven glass fibre articles export price amounted to $X per ton, which is down by -9.8% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average export price increased by 380% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Aruba ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (-14.4%).

Imports of Non-Woven Glass Fibre Webs, Felts, Mattresses And Boards

Imports into Venezuela

In 2021, approx. X tons of non-woven glass fibre webs, felts, mattresses and boards were imported into Venezuela; which is down by -23% on the previous year's figure. Over the period under review, imports recorded a sharp decline. The pace of growth was the most pronounced in 2014 when imports increased by 363%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-woven glass fibre articles imports fell slightly to $X in 2021. Overall, imports showed a dramatic contraction. The pace of growth was the most pronounced in 2014 when imports increased by 264% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-woven glass fibre articles to Venezuela, accounting for a 59% share of total imports. Moreover, non-woven glass fibre articles imports from China exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+25.3% per year) and the United States (-17.4% per year).

In value terms, China ($X) constituted the largest supplier of non-woven glass fibre webs, felts, mattresses and boards to Venezuela, comprising 42% of total imports. The second position in the ranking was held by Mexico ($X), with a 14% share of total imports. It was followed by Canada, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-6.4% per year) and Canada (+0.9% per year).

Import Prices by Country

In 2021, the average non-woven glass fibre articles import price amounted to $X per ton, surging by 27% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 29%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+40.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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