Venezuela: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Venezuela

In 2021, after two years of decline, there was significant growth in the Venezuelan plastic household ware market, when its value increased by 16% to $X. Over the period under review, consumption, however, saw a mild decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Plastic Household Ware Production in Venezuela

In value terms, plastic household ware production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, recorded a slight slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Plastic Household Ware Exports

Exports from Venezuela

For the fourth consecutive year, Venezuela recorded decline in shipments abroad of plastics household articles and toilet articles, which decreased by -56% to X tons in 2021. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 187%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic household ware exports contracted dramatically to $X in 2021. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2017 when exports increased by 140%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X tons), Colombia (X tons) and Brazil (X tons) were the main destinations of plastic household ware exports from Venezuela, together accounting for 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Dominican Republic (with a CAGR of +7.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic household ware exported from Venezuela were Colombia ($X), the Dominican Republic ($X) and the United States ($X), together accounting for 50% of total exports. Nicaragua, Brazil, Aruba, Peru, Costa Rica, Jamaica and Guyana lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, Brazil, with a CAGR of +3.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2021, growing by 36% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Jamaica ($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 Nicaragua (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Ware Imports

Imports into Venezuela

In 2021, supplies from abroad of plastics household articles and toilet articles increased by 61% to X tons, rising for the fourth year in a row after five years of decline. In general, imports, however, recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 92% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, plastic household ware imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 94%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), China (X tons) and Spain (X tons) were the main suppliers of plastic household ware imports to Venezuela, together comprising 80% of total imports. Turkey, Panama and Colombia lagged somewhat behind, together accounting for a further 6.8%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +27.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Turkey ($X) constituted the largest plastic household ware suppliers to Venezuela, together accounting for 81% of total imports.

Turkey, with a CAGR of +26.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average plastic household ware import price stood at $X per ton in 2021, increasing by 17% against the previous year. Overall, the import price, however, showed a slight reduction. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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