Venezuela: Office Supply Market 2024

Office Supply Market Size in Venezuela

In 2022, after two years of decline, there was significant growth in the Venezuelan office supply market, when its value increased by 27% to $X. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Office Supply Exports

Exports from Venezuela

In 2022, the amount of office or school supplies of plastics exported from Venezuela skyrocketed to X kg, rising by 138% against 2021 figures. Overall, exports, however, continue to indicate a sharp reduction. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, office supply exports soared to $X in 2022. In general, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 158%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for office supply exports from Venezuela, accounting for a 32% share of total exports. Moreover, office supply exports to Spain exceeded the volume sent to the second major destination, Guatemala (X kg), fivefold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to -11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-35.2% per year) and Portugal (-25.3% per year).

In value terms, Spain ($X) remains the key foreign market for office or school supplies of plastics exports from Venezuela, comprising 28% of total exports. The second position in the ranking was held by Guatemala ($X), with a 5.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain amounted to -15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-19.1% per year) and Portugal (-52.1% per year).

Export Prices by Country

In 2022, the average office supply export price amounted to $X per ton, waning by -48.1% against the previous year. Overall, the export price, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 an increase of 85%. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+32.5%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into Venezuela

In 2022, purchases abroad of office or school supplies of plastics was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 137%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, office supply imports soared to $X in 2022. Over the period under review, imports, however, saw a deep downturn. The growth pace was the most rapid in 2019 when imports increased by 99% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of office supply to Venezuela, accounting for a 66% share of total imports. Moreover, office supply imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.2% per year) and Spain (-4.7% per year).

In value terms, the United States ($X) constituted the largest supplier of office or school supplies of plastics to Venezuela, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.1% per year) and Spain (-8.6% per year).

Import Prices by Country

The average office supply import price stood at $X per ton in 2022, with an increase of 27% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply import price decreased by -22.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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