Venezuela: Textile Rubber Hose Market 2024

Textile Rubber Hose Market Size in Venezuela

The Venezuelan textile rubber hose market soared to $X in 2021, jumping by 352% 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, however, continues to indicate a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Textile Rubber Hose Exports

Exports from Venezuela

In 2021, overseas shipments of rubber hose reinforced with textiles decreased by -2.1% to X kg, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of 541%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, textile rubber hose exports stood at $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2016 with an increase of 506%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X kg) was the main destination for textile rubber hose exports from Venezuela, with a 49% share of total exports. Moreover, textile rubber hose exports to Colombia exceeded the volume sent to the second major destination, Honduras (X kg), threefold. Costa Rica (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia amounted to +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-2.1% per year) and Costa Rica (-15.7% per year).

In value terms, the largest markets for textile rubber hose exported from Venezuela were Costa Rica ($X), Paraguay ($X) and Colombia ($X), together comprising 86% of total exports.

Costa Rica, with a CAGR of +6.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average textile rubber hose export price stood at $X per ton in 2021, increasing by 3.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+26.4%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Rubber Hose Imports

Imports into Venezuela

In 2021, approx. X tons of rubber hose reinforced with textiles were imported into Venezuela; with an increase of 364% against the year before. Overall, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, textile rubber hose imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Malaysia (X tons), China (X tons) and Italy (X tons) were the main suppliers of textile rubber hose imports to Venezuela, together comprising 77% of total imports. Panama, Brazil, Mexico and the United States lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +31.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), China ($X) and Panama ($X) were the largest textile rubber hose suppliers to Venezuela, with a combined 50% share of total imports. These countries were followed by Brazil, Mexico, Italy and the United States, which together accounted for a further 12%.

Among the main suppliers, Mexico, with a CAGR of +28.2%, 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 textile rubber hose import price stood at $X per ton in 2021, dropping by -7.3% against the previous year. Over the period under review, the import price saw a mild decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 78%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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