Venezuela: Playing Cards Market 2024

Playing Cards Market Size in Venezuela

The Venezuelan playing cards market soared to $X in 2022, growing by 97% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Playing Cards Exports

Exports from Venezuela

For the fourth consecutive year, Venezuela recorded growth in overseas shipments of playing cards, which increased by 19% to X kg in 2022. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 232% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, playing cards exports skyrocketed to $X in 2022. Overall, exports recorded a tangible expansion. The growth pace was the most rapid in 2016 when exports increased by 113%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X kg) was the main destination for playing cards exports from Venezuela, accounting for a 58% share of total exports. Moreover, playing cards exports to Ecuador exceeded the volume sent to the second major destination, Chile (X kg), twofold. Costa Rica (X kg) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Ecuador stood at +46.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+4.5% per year) and Costa Rica (+27.1% per year).

In value terms, Chile ($X) remains the key foreign market for playing cards exports from Venezuela, comprising 59% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 15% share of total exports. It was followed by Portugal, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Chile totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+41.3% per year) and Portugal (+6.2% per year).

Export Prices by Country

In 2022, the average playing cards export price amounted to $X per ton, rising by 16% against the previous year. Overall, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 56%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+68.4%), while the prices for the other major destinations experienced more modest paces of growth.

Playing Cards Imports

Imports into Venezuela

In 2022, the amount of playing cards imported into Venezuela skyrocketed to X tons, with an increase of 115% against the previous year. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 228%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, playing cards imports soared to $X in 2022. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 250%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main playing cards supplier to Venezuela, accounting for a 91% share of total imports. It was followed by the United States (X tons), with a 2.5% share of total imports. The third position in this ranking was taken by Panama (X tons), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.8% per year) and Panama (-28.2% per year).

In value terms, China ($X) constituted the largest supplier of playing cards to Venezuela, comprising 70% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Panama, with a 7.3% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and Panama (-6.1% per year).

Import Prices by Country

The average playing cards import price stood at $X per ton in 2022, falling by -17.2% against the previous year. Overall, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+30.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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