Venezuela: Market for Paper Trays, Dishes, Plates And Cups 2024

Market Size for Paper Trays, Dishes, Plates And Cups in Venezuela

The Venezuelan paper dishes and cups market amounted to $X in 2021, approximately equating the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in years to come.

Production of Paper Trays, Dishes, Plates And Cups in Venezuela

In value terms, paper dishes and cups production expanded modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Paper Trays, Dishes, Plates And Cups

Exports from Venezuela

In 2021, overseas shipments of paper trays, dishes, plates and cups increased by 395% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 3,092% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, paper dishes and cups exports skyrocketed to $X in 2021. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,020%. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Jamaica (X tons) was the main destination for paper dishes and cups exports from Venezuela, accounting for a 61% share of total exports. Moreover, paper dishes and cups exports to Jamaica exceeded the volume sent to the second major destination, Panama (X tons), twofold. Chile (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Jamaica was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (+54.5% per year) and Chile (+13.2% per year).

In value terms, the largest markets for paper dishes and cups exported from Venezuela were Panama ($X), Chile ($X) and Jamaica ($X), with a combined 96% share of total exports.

Among the main countries of destination, Panama, with a CAGR of +59.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average paper dishes and cups export price amounted to $X per ton, falling by -44.2% against the previous year. Overall, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 92%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Jamaica ($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 Chile (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Paper Trays, Dishes, Plates And Cups

Imports into Venezuela

In 2021, purchases abroad of paper trays, dishes, plates and cups increased by 279% to X tons, rising for the third consecutive year after three years of decline. In general, imports, however, saw a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, paper dishes and cups imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a abrupt contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main paper dishes and cups supplier to Venezuela, with a 93% share of total imports. It was followed by Italy (X tons), with a 2.9% share of total imports. The third position in this ranking was taken by the United States (X tons), with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-16.4% per year) and the United States (-34.3% per year).

In value terms, China ($X) constituted the largest supplier of paper trays, dishes, plates and cups to Venezuela, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 2.1% share of total imports. It was followed by the United States, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.2% per year) and the United States (-36.0% per year).

Import Prices by Country

In 2021, the average paper dishes and cups import price amounted to $X per ton, increasing by 5.1% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, paper dishes and cups import price decreased by -9.6% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 70% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average 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 China ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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