Report Update Nov 1, 2024

Venezuela - Quinones - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Quinones Market 2024

Quinones Market Size in Venezuela

The Venezuelan quinones market contracted markedly to $X in 2022, declining by -17.1% 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). Overall, consumption showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Quinones Exports

Exports from Venezuela

Quinones exports from Venezuela amounted to X kg in 2022, approximately equating the previous year. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 100%. The exports peaked at X kg in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, quinones exports fell to $X in 2022. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 168% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X kg) was the main destination for quinones exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at -6.7%.

In value terms, Canada ($X) also remains the key foreign market for quinones exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -10.1%.

Export Prices by Country

In 2022, the average quinones export price amounted to $X per ton, waning by -10.8% against the previous year. In general, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 78%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -3.7% per year.

Quinones Imports

Imports into Venezuela

In 2022, after five years of growth, there was significant decline in purchases abroad of quinones, when their volume decreased by -12.6% to X tons. In general, imports, however, recorded slight growth. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, quinones imports shrank significantly to $X in 2022. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 65%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of quinones to Venezuela, accounting for a 86% share of total imports. Moreover, quinones imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +17.0%.

In value terms, the largest quinones suppliers to Venezuela were China ($X) and the United States ($X).

The United States, with a CAGR of +15.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

In 2022, the average quinones import price amounted to $X per ton, dropping by -9.5% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 38%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for quinones in the world?

China constituted the country with the largest volume of quinones consumption, accounting for 64% of total volume. Moreover, quinones consumption in China exceeded the figures recorded by the second-largest consumer, India, fourfold. The third position in this ranking was occupied by Japan, with a 2.1% share.

What are the largest producers of quinones in the world?

The country with the largest volume of quinones production was China, accounting for 75% of total volume. Moreover, quinones production in China exceeded the figures recorded by the second-largest producer, Japan, fivefold.

What are the leading suppliers of quinones to Venezuela?

In value terms, China and the United States appeared to be the largest quinones suppliers to Venezuela.

What are the leading importers of quinones from Venezuela?

In value terms, Canada $93) remains the key foreign market for quinones exports from Venezuela.

What is the average export price for quinones in Venezuela?

The average quinones export price stood at $93,000 per ton in 2021, falling by -10.6% against the previous year.

What is the average import price for quinones in Venezuela?

In 2021, the average quinones import price amounted to $3,557 per ton, shrinking by -38.1% against the previous year.

This report provides an in-depth analysis of the quinones market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146260 - Quinones

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023