Venezuela: Market for Plastic Plates, Sheets, Film, Foil And Strip 2024

Market Size for Plastic Plates, Sheets, Film, Foil And Strip in Venezuela

In 2021, the Venezuelan market for plastic plates, sheets, film, foil and strip increased by 80% to $X, rising for the third year in a row after four years of decline. In general, consumption, however, recorded a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Plastic Plates, Sheets, Film, Foil And Strip

Exports from Venezuela

Exports of plastic plates, sheets, film, foil and strip from Venezuela dropped sharply to X tons in 2021, with a decrease of -24.1% compared with 2020 figures. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 141%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of plastic plates, sheets, film, foil and strip contracted to $X in 2021. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 83%. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons), Italy (X tons) and Ecuador (X tons) were the main destinations of exports of plastic plates, sheets, film, foil and strip from Venezuela, together comprising 71% of total exports. Malaysia, Turkey, Costa Rica and the Dominican Republic lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +122.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for plastic plates, sheets, film, foil and strip exports from Venezuela, comprising 52% of total exports. The second position in the ranking was held by Italy ($X), with a 15% share of total exports. It was followed by Ecuador, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to Colombia totaled -23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.3% per year) and Ecuador (-35.5% per year).

Export Prices by Country

The average export price for plastic plates, sheets, film, foil and strip stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for plastic plates, sheets, film, foil and strip increased by +79.7% against 2017 indices. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Italy ($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 Colombia (+8.0%), while the prices for the other major destinations experienced a decline.

Imports of Plastic Plates, Sheets, Film, Foil And Strip

Imports into Venezuela

In 2021, overseas purchases of plastic plates, sheets, film, foil and strip increased by 47% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 72% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastic plates, sheets, film, foil and strip soared to $X in 2021. In general, imports, however, showed a deep downturn. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Ecuador (X tons) and Colombia (X tons) were the main suppliers of imports of plastic plates, sheets, film, foil and strip to Venezuela, together accounting for 61% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +2.3%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Ecuador ($X) and Colombia ($X) constituted the largest plastic plate, sheet, film, foil and strip suppliers to Venezuela, with a combined 54% share of total imports.

Among the main suppliers, China, with a CAGR of +0.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for plastic plates, sheets, film, foil and strip amounted to $X per ton, growing by 24% against the previous year. Overall, the import price, however, saw a pronounced curtailment. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, 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 Argentina ($X per ton), while the price for Mexico ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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