Report Update Nov 1, 2024

Venezuela - Unvulcanised Rubber - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Unvulcanised Rubber Market 2024

Unvulcanised Rubber Market Size in Venezuela

In 2021, the Venezuelan unvulcanised rubber market was finally on the rise to reach $X after two years of decline. In general, consumption, however, saw a slight descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Unvulcanised Rubber Production in Venezuela

In value terms, unvulcanised rubber production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight decrease. Unvulcanised rubber production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Unvulcanised Rubber Exports

Exports from Venezuela

For the ninth year in a row, Venezuela recorded decline in shipments abroad of unvulcanised rubber, which decreased by -25.2% to X tons in 2021. Over the period under review, exports faced a dramatic descent. The smallest decline of -25.2% was in 2019. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, unvulcanised rubber exports declined sharply to $X in 2021. In general, exports recorded a sharp contraction. The smallest decline of -29.9% was in 2017. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cuba (X tons) was the main destination for unvulcanised rubber exports from Venezuela, with a 96% share of total exports. It was followed by Italy (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba totaled -33.1%.

In value terms, Cuba ($X) remains the key foreign market for unvulcanised rubber exports from Venezuela, comprising 98% of total exports. The second position in the ranking was taken by Italy ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cuba amounted to -35.4%.

Export Prices by Country

In 2021, the average unvulcanised rubber export price amounted to $X per ton, reducing by -6.3% against the previous year. In general, the export price showed a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of 12%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (-3.4%).

Unvulcanised Rubber Imports

Imports into Venezuela

After six years of decline, overseas purchases of unvulcanised rubber increased by 39% to X tons in 2021. Overall, imports, however, continue to indicate a dramatic decrease. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, unvulcanised rubber imports skyrocketed to $X in 2021. Over the period under review, imports, however, faced a sharp decline. The pace of growth appeared the most rapid in 2013 when imports increased by 35%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X tons) constituted the largest unvulcanised rubber supplier to Venezuela, accounting for a 72% share of total imports. Moreover, unvulcanised rubber imports from Peru exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was held by Brazil (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Peru amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-4.8% per year) and Brazil (-15.3% per year).

In value terms, Peru ($X) constituted the largest supplier of unvulcanised rubber to Venezuela, comprising 51% of total imports. The second position in the ranking was taken by France ($X), with a 13% share of total imports. It was followed by Colombia, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Peru totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.2% per year) and Colombia (+18.3% per year).

Import Prices by Country

In 2021, the average unvulcanised rubber import price amounted to $X per ton, falling by -6.3% against the previous year. Overall, the import price continues to indicate a pronounced decrease. The growth pace was the most rapid in 2016 an increase of 25%. 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 by country of origin: amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for unvulcanised rubber in the world?

The country with the largest volume of unvulcanised rubber consumption was China, comprising approx. 26% of total volume. Moreover, unvulcanised rubber consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.3% share.

What are the largest producers of unvulcanised rubber in the world?

China remains the largest unvulcanised rubber producing country worldwide, accounting for 25% of total volume. Moreover, unvulcanised rubber production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with an 8.8% share.

What are the leading suppliers of unvulcanised rubber to Venezuela?

In value terms, Peru constituted the largest supplier of unvulcanised rubber to Venezuela, comprising 54% of total imports. The second position in the ranking was occupied by Mexico, with a 22% share of total imports. It was followed by the United States, with a 7.5% share.

What are the leading importers of unvulcanised rubber from Venezuela?

In value terms, Cuba remains the key foreign market for unvulcanised rubber exports from Venezuela.

What is the average export price for unvulcanised rubber in Venezuela?

The average unvulcanised rubber export price stood at $749 per ton in 2020, falling by -28.3% against the previous year.

What is the average import price for unvulcanised rubber in Venezuela?

In 2020, the average unvulcanised rubber import price amounted to $5,757 per ton, rising by 3.6% against the previous year.

This report provides an in-depth analysis of the unvulcanised rubber market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22192013 - Rubber compounded with carbon black or silica, unvulcanised

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023