Venezuela: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Venezuela

The Venezuelan market for non-soap washing and cleaning preparations rose sharply to $X in 2022, increasing by 6.1% against the previous year. In general, consumption, however, saw a slight downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Non-Soap Washing and Cleaning Preparations in Venezuela

In value terms, non-soap washing and cleaning preparations production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Non-soap washing and cleaning preparations production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Venezuela

In 2022, approx. X tons of non-soap washing and cleaning preparations were exported from Venezuela; picking up by 2.9% compared with 2021 figures. In general, exports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 225%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations exports declined to $X in 2022. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 118% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for non-soap washing and cleaning preparations exports from Venezuela, with a 78% share of total exports. Moreover, non-soap washing and cleaning preparations exports to Brazil exceeded the volume sent to the second major destination, Aruba (X tons), sevenfold. The third position in this ranking was taken by Panama (X tons), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil totaled +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+11.2% per year) and Panama (-24.6% per year).

In value terms, Brazil ($X) emerged as the key foreign market for non-soap washing and cleaning preparations exports from Venezuela, comprising 80% of total exports. The second position in the ranking was taken by Aruba ($X), with a 12% share of total exports. It was followed by Costa Rica, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Brazil amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+14.5% per year) and Costa Rica (+65.0% per year).

Export Prices by Country

In 2022, the average export price for non-soap washing and cleaning preparations amounted to $X per ton, waning by -11.5% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 80% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Panama ($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 Mexico (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Venezuela

In 2022, the amount of non-soap washing and cleaning preparations imported into Venezuela totaled X tons, with an increase of 8.8% against the previous year's figure. In general, imports posted a prominent increase. The growth pace was the most rapid in 2019 with an increase of 283% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-soap washing and cleaning preparations imports expanded remarkably to $X in 2022. Overall, imports, however, recorded a slight setback. The most prominent rate of growth was recorded in 2019 when imports increased by 123%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of non-soap washing and cleaning preparations to Venezuela, accounting for a 71% share of total imports. Moreover, non-soap washing and cleaning preparations imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. The third position in this ranking was taken by Mexico (X tons), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+27.0% per year) and Mexico (-4.6% per year).

In value terms, China ($X) constituted the largest supplier of non-soap washing and cleaning preparations to Venezuela, comprising 54% of total imports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total imports. It was followed by Brazil, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-4.5% per year) and Brazil (+6.9% per year).

Import Prices by Country

The average import price for non-soap washing and cleaning preparations stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 3.9%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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