Venezuela: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Venezuela

The Venezuelan market for tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021, jumping by 109% 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). In general, consumption, however, continues to indicate a perceptible decline. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Venezuela

In 2021, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Venezuela declined rapidly to X tons, reducing by -31% against the previous year's figure. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,102% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone dropped remarkably to $X in 2021. Overall, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 333% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Trinidad and Tobago (X tons) was the main destination for exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Venezuela, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Trinidad and Tobago stood at +37.0%.

In value terms, Trinidad and Tobago ($X) emerged as the key foreign market for tiles, flagstones and similar articles of cement, concrete or artificial stone exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Trinidad and Tobago amounted to +6.2%.

Export Prices by Country

In 2021, the average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, growing by 2.3% against the previous year. Over the period under review, the export price, however, showed a sharp setback. The pace of growth appeared the most rapid in 2015 an increase of 1,209% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.

From 2012 to 2021, the rate of growth in terms of prices for Trinidad and Tobago amounted to -22.4% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Venezuela

In 2021, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone into Venezuela soared to X tons, with an increase of 47% on 2020. Over the period under review, imports, however, showed a perceptible curtailment. The growth pace was the most rapid in 2014 when imports increased by 257% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 203%. Over the period under review, imports of attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Portugal (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of tiles, flagstones and similar articles of cement, concrete or artificial stone to Venezuela, with a combined 51% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +38.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Venezuela, comprising 33% of total imports. The second position in the ranking was held by Portugal ($X), with a 16% share of total imports. It was followed by India, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+38.1% per year) and India (-5.7% per year).

Import Prices by Country

In 2021, the average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone amounted to $X per ton, growing by 23% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +42.6% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+75.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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