Venezuela: Polyethylene Binder Market 2025

Polyethylene Binder Market Size in Venezuela

The Venezuelan polyethylene binder market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 3.1% against the previous year. Polyethylene binder consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Polyethylene Binder Production in Venezuela

In value terms, polyethylene binder production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 2.8% against the previous year. Polyethylene binder production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polyethylene Binder Exports

Exports from Venezuela

In 2022, overseas shipments of polyethylene or polypropylene binder or baler (agricultural) twines were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Overall, exports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2016 with an increase of 69% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, polyethylene binder exports totaled $X in 2022. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of 59% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for polyethylene binder exports from Venezuela, accounting for a 90% share of total exports. Moreover, polyethylene binder exports to Colombia exceeded the volume sent to the second major destination, Ecuador (X tons), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Colombia stood at -2.2%.

In value terms, Colombia ($X) remains the key foreign market for polyethylene or polypropylene binder or baler (agricultural) twines exports from Venezuela, comprising 89% of total exports. The second position in the ranking was taken by Ecuador ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to -4.1%.

Export Prices by Country

In 2022, the average polyethylene binder export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2019 an increase of 8.2%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Colombia totaled $X per ton.

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

Polyethylene Binder Imports

Imports into Venezuela

In 2022, purchases abroad of polyethylene or polypropylene binder or baler (agricultural) twines was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports posted a pronounced expansion. The growth pace was the most rapid in 2019 with an increase of 562% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, polyethylene binder imports contracted slightly to $X in 2022. Overall, imports, however, showed a mild shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 474%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest polyethylene binder supplier to Venezuela, with a 74% share of total imports. Moreover, polyethylene binder imports from Vietnam exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam amounted to +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+0.5% per year) and China (-14.8% per year).

In value terms, Vietnam ($X) constituted the largest supplier of polyethylene or polypropylene binder or baler (agricultural) twines to Venezuela, comprising 70% of total imports. The second position in the ranking was held by Colombia ($X), with a 17% share of total imports. It was followed by China, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-7.2% per year) and China (-11.8% per year).

Import Prices by Country

The average polyethylene binder import price stood at $X per ton in 2022, falling by -18.3% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 when the average import price increased by 46%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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