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

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Venezuela: Resinoids Market 2022

Resinoids Market Size in Venezuela

After six years of decline, the Venezuelan resinoids market increased by 1.5% to $X in 2021. In general, consumption, however, recorded a dramatic shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Resinoids Exports

Exports from Venezuela

For the third consecutive year, Venezuela recorded growth in overseas shipments of resinoids, which increased by 22% to X kg in 2020. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at X kg in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

In value terms, resinoids exports surged to $X in 2020. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 50%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2020, the exports remained at a lower figure.

Exports by Country

Germany (X kg) was the main destination for resinoids exports from Venezuela, with a approx. 100% share of total exports.

From 2016 to 2020, the average annual rate of growth in terms of volume to Germany stood at +21.7%.

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

From 2016 to 2020, the average annual growth rate of value to Germany totaled +21.4%.

Export Prices by Country

In 2020, the average resinoids export price amounted to $X per ton, leveling off at the previous year. Over the period under review, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2019 an increase of 30%. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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

From 2016 to 2020, the rate of growth in terms of prices for Costa Rica amounted to +2.1% per year.

Resinoids Imports

Imports into Venezuela

In 2021, approx. X kg of resinoids were imported into Venezuela; with a decrease of -1.5% against the previous year's figure. Overall, imports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2014 when imports increased by 346% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, resinoids imports reduced sharply to $X in 2021. In general, imports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2014 when imports increased by 406%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Spain (X kg), China (X kg) and Panama (X kg) were the main suppliers of resinoids imports to Venezuela, together accounting for 95% of total imports.

From 2012 to 2021, the biggest increases were in Spain (with a CAGR of -24.7%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of resinoids to Venezuela, comprising 80% of total imports. The second position in the ranking was taken by Spain ($X), with a 16% share of total imports. It was followed by Greece, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-40.1% per year) and Greece (-42.8% per year).

Import Prices by Country

The average resinoids import price stood at $X per ton in 2021, declining by -19% against the previous year. In general, the import price, however, recorded a measured increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for resinoids in the world?

The countries with the highest volumes of in 2021 were China, Spain and the United States, together accounting for 46% of global consumption.

What are the largest producers of resinoids in the world?

The countries with the highest volumes of in 2021 were China, the United States and Spain, with a combined 53% share of global production.

What are the leading suppliers of resinoids to Venezuela?

In value terms, China constituted the largest supplier of resinoids to Venezuela, comprising 80% of total imports. The second position in the ranking was occupied by Spain, with a 16% share of total imports. It was followed by Greece, with a 2.2% share.

What are the leading importers of resinoids from Venezuela?

In value terms, Germany remains the key foreign market for resinoids exports from Venezuela.

What is the average export price for resinoids in Venezuela?

In 2020, the average resinoids export price amounted to $42,667 per ton, growing by 5.2% against the previous year.

What is the average import price for resinoids in Venezuela?

The average resinoids import price stood at $36,513 per ton in 2021, with a decrease of -1.7% against the previous year.

This report provides an in-depth analysis of the resinoids 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 20531030 - Resinoids

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