Venezuela: Plastic Furniture Fittings Market 2025

Plastic Furniture Fittings Market Size in Venezuela

In 2021, the Venezuelan plastic furniture fittings market increased by 119% to $X, rising for the third year in a row after six years of decline. In general, consumption, however, faced a abrupt shrinkage. Plastic furniture fittings consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Plastic Furniture Fittings Exports

Exports from Venezuela

In 2021, overseas shipments of plastic fittings for furniture decreased by -23.7% to X kg, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2016 when exports increased by 3,235% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, plastic furniture fittings exports shrank significantly to $X in 2021. In general, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of 1,602%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for plastic furniture fittings exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -2.4%.

In value terms, the United States ($X) also remains the key foreign market for plastic fittings for furniture exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -6.4%.

Export Prices by Country

In 2021, the average plastic furniture fittings export price amounted to $X per ton, picking up by 3.2% against the previous year. In general, the export price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2019 when the average export price increased by 49%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -4.2% per year.

Plastic Furniture Fittings Imports

Imports into Venezuela

In 2021, supplies from abroad of plastic fittings for furniture increased by 172% to X tons, rising for the third consecutive year after six years of decline. Overall, imports, however, continue to indicate a abrupt curtailment. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plastic furniture fittings imports soared to $X in 2021. In general, imports, however, showed a abrupt curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest plastic furniture fittings supplier to Venezuela, accounting for a 74% share of total imports. Moreover, plastic furniture fittings imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-6.7% per year) and Taiwan (Chinese) (-15.8% per year).

In value terms, China ($X) constituted the largest supplier of plastic fittings for furniture to Venezuela, comprising 34% of total imports. The second position in the ranking was held by Portugal ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-7.0% per year) and Taiwan (Chinese) (-12.2% per year).

Import Prices by Country

In 2021, the average plastic furniture fittings import price amounted to $X per ton, declining by -29.3% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of 20%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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