Venezuela: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2024

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Venezuela

The Venezuelan solid vulcanised rubber sheet market declined modestly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption recorded a noticeable slump. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Venezuela

In value terms, solid vulcanised rubber sheet production dropped to $X in 2022 estimated in export price. In general, production saw a perceptible reduction. The growth pace was the most rapid in 2016 with an increase of 60%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Venezuela

In 2022, shipments abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 109% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 286%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, solid vulcanised rubber sheet exports skyrocketed to $X in 2022. Overall, exports, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 with an increase of 169% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for solid vulcanised rubber sheet exports from Venezuela, with a 90% share of total exports. Moreover, solid vulcanised rubber sheet exports to Colombia exceeded the volume sent to the second major destination, Bolivia (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia stood at +7.6%.

In value terms, Colombia ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Venezuela, comprising 69% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -2.2%.

Export Prices by Country

In 2022, the average solid vulcanised rubber sheet export price amounted to $X per ton, dropping by -7.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 88%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.0%).

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Venezuela

In 2022, supplies from abroad of plates, sheets, strips for floor covering of solid vulcanised rubber increased by 6.6% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 163% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, solid vulcanised rubber sheet imports reduced sharply to $X in 2022. In general, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 231% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Israel (X tons) constituted the largest supplier of solid vulcanised rubber sheet to Venezuela, accounting for a 56% share of total imports. Moreover, solid vulcanised rubber sheet imports from Israel exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), ninefold. The United States (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Israel stood at +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-5.5% per year) and the United States (-19.7% per year).

In value terms, Israel ($X) constituted the largest supplier of plates, sheets, strips for floor covering of solid vulcanised rubber to Venezuela, comprising 51% of total imports. The second position in the ranking was held by Mexico ($X), with a 14% share of total imports. It was followed by the United States, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value from Israel totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-5.7% per year) and the United States (-30.9% per year).

Import Prices by Country

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, waning by -35% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 58%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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