Venezuela: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Venezuela

The Venezuelan plaits and basketwork market contracted slightly to $X in 2022, flattening at the previous year. Over the period under review, consumption continues to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 0.9%. Plaits and basketwork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Plaits And Basketwork Production in Venezuela

In value terms, plaits and basketwork production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 when the production volume increased by 0.7%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Plaits And Basketwork Exports

Exports from Venezuela

After nine years of decline, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 12% to X tons in 2022. In general, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, plaits and basketwork exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for plaits and basketwork exports from Venezuela, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -8.9%.

In value terms, the United States ($X) also remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -14.4%.

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, surging by 17% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +113.9% per year.

Plaits And Basketwork Imports

Imports into Venezuela

In 2022, after four years of growth, there was significant decline in overseas purchases of plaits, basketwork, wickerwork and similar products of plaiting materials, when their volume decreased by -24.9% to X tons. Overall, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 161%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, plaits and basketwork imports dropped to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 173% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Spain (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of plaits and basketwork imports to Venezuela, with a combined 16% share of total imports. France, Turkey, the United States and Panama lagged somewhat behind, together accounting for a further 5.9%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +225.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Venezuela, comprising 10% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 5% share of total imports. It was followed by the United States, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-7.5% per year) and the United States (-23.7% per year).

Import Prices by Country

In 2022, the average plaits and basketwork import price amounted to $X per ton, rising by 16% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 65% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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