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

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

For the third consecutive year, the Venezuelan market for rigid tubes, pipes and hoses of polymers of vinyl chloride recorded growth in sales value, which increased by 0.2% to $X in 2022. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride in Venezuela

In value terms, vinyl chloride polymer rigid pipes production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Exports from Venezuela

In 2022, vinyl chloride polymer rigid pipes exports from Venezuela declined dramatically to X tons, with a decrease of -34.6% against 2021 figures. In general, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 980%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes exports declined rapidly to $X in 2022. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 971% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for vinyl chloride polymer rigid pipes exports from Venezuela, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +119.0%.

In value terms, the United States ($X) also remains the key foreign market for rigid tubes, pipes and hoses of polymers of vinyl chloride exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +126.4%.

Export Prices by Country

The average export price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, waning by -3.4% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 41%. The export price peaked at $X per ton in 2012; however, from 2013 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 the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.4% per year.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Vinyl Chloride

Imports into Venezuela

In 2022, purchases abroad of rigid tubes, pipes and hoses of polymers of vinyl chloride increased by 25% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 130%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, vinyl chloride polymer rigid pipes imports skyrocketed to $X in 2022. In general, imports, however, saw a significant contraction. The growth pace was the most rapid in 2020 with an increase of 372%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Turkey (X tons) were the main suppliers of vinyl chloride polymer rigid pipes imports to Venezuela, together comprising 100% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +56.3%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), India ($X) and Turkey ($X) appeared to be the largest vinyl chloride polymer rigid pipes suppliers to Venezuela, with a combined 99% share of total imports.

Among the main suppliers, India, with a CAGR of +57.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for rigid tubes, pipes and hoses of polymers of vinyl chloride stood at $X per ton in 2022, growing by 6.5% against the previous year. Overall, the import price, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 105%. 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 Brazil ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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