Venezuela: Market for Plastics Bidets, Lavatory Pans and Flushing Cisterns 2024

Market Size for Plastics Bidets, Lavatory Pans and Flushing Cisterns in Venezuela

The Venezuelan market for plastics bidets, lavatory pans and flushing cisterns rose sharply to $X in 2021, with an increase of 6.6% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Plastics Bidets, Lavatory Pans and Flushing Cisterns in Venezuela

In value terms, production of plastics bidets, lavatory pans and flushing cisterns reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 31%. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Exports from Venezuela

In 2021, overseas shipments of plastics bidets, lavatory pans and flushing cisterns decreased by -19.9% to X units, falling for the fourth year in a row after two years of growth. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 147% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of plastics bidets, lavatory pans and flushing cisterns reduced rapidly to $X in 2021. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 122% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Honduras (X units) was the main destination for exports of plastics bidets, lavatory pans and flushing cisterns from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Honduras amounted to +72.2%.

In value terms, Honduras ($X) emerged as the key foreign market for plastics bidets, lavatory pans and flushing cisterns exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Honduras totaled +97.1%.

Export Prices by Country

In 2021, the average export price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, which is down by -9.5% against the previous year. Overall, the export price saw a slight reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 139%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +40.6% per year.

Imports of Plastics Bidets, Lavatory Pans and Flushing Cisterns

Imports into Venezuela

In 2021, supplies from abroad of plastics bidets, lavatory pans and flushing cisterns increased by 232% to X units, rising for the second year in a row after four years of decline. Overall, imports, however, saw a dramatic downturn. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of plastics bidets, lavatory pans and flushing cisterns soared to $X in 2021. Over the period under review, imports, however, recorded a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest plastics bidets, lavatory pans and flushing cisterns supplier to Venezuela, accounting for a 77% share of total imports. Moreover, imports of plastics bidets, lavatory pans and flushing cisterns from China exceeded the figures recorded by the second-largest supplier, Spain (X units), tenfold. Germany (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-14.0% per year) and Germany (+29.2% per year).

In value terms, China ($X) constituted the largest supplier of plastics bidets, lavatory pans and flushing cisterns to Venezuela, comprising 74% of total imports. The second position in the ranking was taken by Spain ($X), with a 7.5% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-18.5% per year) and Germany (+33.4% per year).

Import Prices by Country

In 2021, the average import price for plastics bidets, lavatory pans and flushing cisterns amounted to $X per unit, dropping by -4.8% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 72%. The import price peaked at $X per unit in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :