Venezuela: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Venezuela

The Venezuelan propylene polymer rigid pipes market expanded slightly to $X in 2022, increasing by 3.6% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Venezuela

In value terms, propylene polymer rigid pipes production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Venezuela

In 2022, the amount of rigid tubes, pipes and hoses of polymers of propylene exported from Venezuela shrank dramatically to X tons, reducing by -23.9% on the previous year. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 1,675%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports contracted sharply to $X in 2022. In general, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 1,504% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X tons) was the main destination for propylene polymer rigid pipes exports from Venezuela, accounting for a 45% share of total exports. Moreover, propylene polymer rigid pipes exports to the Dominican Republic exceeded the volume sent to the second major destination, the United States (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic totaled +47.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.7% per year) and Panama (-35.7% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Venezuela, comprising 41% of total exports. The second position in the ranking was taken by the United States ($X), with an 8.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Dominican Republic totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+1.0% per year) and Panama (-35.9% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2020 an increase of 59%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Dominican Republic ($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 the United States (+4.9%), while the prices for the other major destinations experienced a decline.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Venezuela

In 2022, after two years of growth, there was significant decline in overseas purchases of rigid tubes, pipes and hoses of polymers of propylene, when their volume decreased by -28.9% to X tons. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 148% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, propylene polymer rigid pipes imports reduced markedly to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 180%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of propylene polymer rigid pipes to Venezuela, accounting for a 45% share of total imports. Moreover, propylene polymer rigid pipes imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was held by Canada (X tons), with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.1% per year) and Canada (+36.3% per year).

In value terms, China ($X), Canada ($X) and Germany ($X) appeared to be the largest propylene polymer rigid pipes suppliers to Venezuela, together accounting for 47% of total imports.

Canada, with a CAGR of +49.5%, saw 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 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, picking up by 9.2% against the previous year. Over the period under review, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2020 an increase of 33% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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