Venezuela: Room Deodorants Market 2024

Room Deodorants Market Size in Venezuela

In 2022, the Venezuelan room deodorants market increased by 40% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption, however, showed a deep contraction. Room deodorants consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Room Deodorants Exports

Exports from Venezuela

In 2022, room deodorants exports from Venezuela skyrocketed to X tons, with an increase of 22% on 2021 figures. In general, exports, however, faced a sharp slump. The most prominent rate of growth was recorded in 2019 when exports increased by 119%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, room deodorants exports skyrocketed to $X in 2022. Overall, exports, however, showed a significant decrease. The pace of growth appeared the most rapid in 2019 with an increase of 169% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Honduras (X tons) was the main destination for room deodorants exports from Venezuela, accounting for a 93% share of total exports. Moreover, room deodorants exports to Honduras exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold. The third position in this ranking was held by Ecuador (X kg), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-40.9% per year) and Ecuador (-40.2% per year).

In value terms, Colombia ($X) remains the key foreign market for preparations for perfuming or deodorising rooms exports from Venezuela, comprising 57% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 20% share of total exports. It was followed by Ecuador, with a 19% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia stood at -24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-11.0% per year) and Ecuador (-29.8% per year).

Export Prices by Country

In 2022, the average room deodorants export price amounted to $X per ton, surging by 6.1% against the previous year. In general, the export price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2019 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average 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 Colombia ($X per ton), while the average price for exports to Honduras ($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 Colombia (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Room Deodorants Imports

Imports into Venezuela

In 2022, overseas purchases of preparations for perfuming or deodorising rooms increased by 5.9% to X tons, rising for the fourth year in a row after two years of decline. In general, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 271%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, room deodorants imports soared to $X in 2022. Overall, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 148%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest supplier of room deodorants to Venezuela, accounting for a 31% share of total imports. Moreover, room deodorants imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Ecuador stood at +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-0.0% per year) and China (-5.5% per year).

In value terms, Ecuador ($X), the United States ($X) and Colombia ($X) appeared to be the largest room deodorants suppliers to Venezuela, with a combined 54% share of total imports.

Ecuador, with a CAGR of +20.3%, 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 room deodorants import price stood at $X per ton in 2022, growing by 53% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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