Venezuela: Market for Polyethylene Glycols and Polyethers in Primary Forms 2025

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Venezuela

The Venezuelan polyethylene glycol and polyether market rose modestly to $X in 2021, with an increase of 4.6% against the previous year. Overall, consumption, however, showed a noticeable decrease. Polyethylene glycol and polyether consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Venezuela

In value terms, polyethylene glycol and polyether production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2016 when the production volume increased by 28% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Venezuela

In 2021, shipments abroad of polyethylene glycols and polyethers in primary forms decreased by -8% to X tons, falling for the fifth consecutive year after three years of growth. Overall, exports showed a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of 912%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether exports declined to $X in 2021. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 598% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for polyethylene glycol and polyether exports from Venezuela, with a 60% share of total exports. Moreover, polyethylene glycol and polyether exports to China exceeded the volume sent to the second major destination, Turkey (X tons), threefold. Colombia (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+9.4% per year) and Colombia (-8.0% per year).

In value terms, China ($X), Turkey ($X) and Colombia ($X) were the largest markets for polyethylene glycol and polyether exported from Venezuela worldwide, together comprising 78% of total exports. These countries were followed by Ecuador, the United States and Brazil, which together accounted for a further 17%.

Ecuador, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, reducing by -4.4% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to China ($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 Brazil (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Venezuela

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported into Venezuela soared to X tons, rising by 229% against the previous year. Over the period under review, imports, however, faced a abrupt contraction. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. In general, imports, however, faced a deep reduction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest polyethylene glycol and polyether supplier to Venezuela, with a 49% share of total imports. Moreover, polyethylene glycol and polyether imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-22.8% per year) and South Korea (-9.1% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest polyethylene glycol and polyether suppliers to Venezuela, with a combined 78% share of total imports. These countries were followed by Argentina, Spain, Colombia, Mexico, Germany and Brazil, which together accounted for a further 14%.

Argentina, with a CAGR of +40.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average polyethylene glycol and polyether import price amounted to $X per ton, jumping by 25% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 28% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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