Venezuela: Plastic Support Market 2024

Plastic Support Market Size in Venezuela

The Venezuelan plastic support market expanded to $X in 2022, surging by 2.9% against the previous year. Over the period under review, consumption, however, continues to indicate a deep downturn. Plastic support consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Plastic Support Production in Venezuela

In value terms, plastic support production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 12% against the previous year. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Plastic Support Exports

Exports from Venezuela

After two years of growth, shipments abroad of spools, cops and similar supports of plastics decreased by -9.5% to X tons in 2022. Overall, exports, however, posted a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 111% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic support exports dropped to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 409% against the previous year. As a result, the exports attained 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 plastic support exports from Venezuela, accounting for a 72% share of total exports. Moreover, plastic support exports to the Dominican Republic exceeded the volume sent to the second major destination, Chile (X tons), fourfold. Panama (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +54.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+82.7% per year) and Panama (+124.4% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for spools, cops and similar supports of plastics exports from Venezuela, comprising 71% of total exports. The second position in the ranking was held by Chile ($X), with a 17% share of total exports. It was followed by Panama, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic totaled +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+83.2% per year) and Panama (+91.6% per year).

Export Prices by Country

In 2022, the average plastic support export price amounted to $X per ton, increasing by 6.8% against the previous year. In general, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 141%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Colombia ($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 Chile (+0.3%), while the prices for the other major destinations experienced a decline.

Plastic Support Imports

Imports into Venezuela

In 2022, the amount of spools, cops and similar supports of plastics imported into Venezuela reduced to X tons, which is down by -10.8% on the previous year. In general, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2013 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, plastic support imports reduced to $X in 2022. Overall, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2013 with an increase of 52%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of plastic support imports to Venezuela, together accounting for 73% of total imports. Ecuador, the Dominican Republic, Peru, the United States, Germany, Mexico and Colombia lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +44.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest plastic support suppliers to Venezuela were China ($X), Brazil ($X) and Spain ($X), with a combined 72% share of total imports. The Dominican Republic, Ecuador, Germany, the United States, Peru, Mexico and Colombia lagged somewhat behind, together accounting for a further 8.4%.

The Dominican Republic, with a CAGR of +32.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average plastic support import price stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Overall, the import price showed a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Colombia ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :