Venezuela: Market for Plastic Shutters And Blinds 2024

Market Size for Plastic Shutters And Blinds in Venezuela

In 2022, the Venezuelan plastic shutters and blinds market decreased by -18.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a sharp curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastic Shutters And Blinds

Exports from Venezuela

In 2022, overseas shipments of plastic shutters and blinds increased by 1.6% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 505% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds exports fell modestly to $X in 2022. In general, exports posted perceptible growth. The growth pace was the most rapid in 2018 when exports increased by 759%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Aruba (X units), Panama (X units) and the Dominican Republic (X units) were the main destinations of plastic shutters and blinds exports from Venezuela, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Aruba (with a CAGR of +5.0%), while the other leaders experienced a decline.

In value terms, Aruba ($X) remains the key foreign market for plastic shutters and blinds exports from Venezuela, comprising 94% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 2.7% share of total exports. It was followed by Panama, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to Aruba totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-9.2% per year) and Panama (-19.8% per year).

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, waning by -4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+9.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Plastic Shutters And Blinds

Imports into Venezuela

In 2022, supplies from abroad of plastic shutters and blinds decreased by -27% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a sharp contraction. The growth pace was the most rapid in 2021 with an increase of 117%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic shutters and blinds imports dropped to $X in 2022. Over the period under review, imports faced a dramatic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 56%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of plastic shutters and blinds imports to Venezuela, together accounting for 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +27.0%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of plastic shutters and blinds to Venezuela, comprising 37% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United States, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-34.5% per year) and the United States (-35.5% per year).

Import Prices by Country

The average plastic shutters and blinds import price stood at $X per unit in 2022, surging by 20% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic shutters and blinds import price decreased by -26.7% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 55% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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