Report Venezuela - Unvulcanized Rubber - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Venezuela: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Venezuela

The Venezuelan unvulcanized rubber market shrank rapidly to $X in 2022, waning by -36.7% 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 faced a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Unvulcanized Rubber Exports

Exports from Venezuela

In 2022, after four years of decline, there was significant growth in shipments abroad of unvulcanized rubber and articles thereof, when their volume increased by 70% to X tons. Over the period under review, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2013 with an increase of 845%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, unvulcanized rubber exports soared to $X in 2022. Overall, exports, however, saw a perceptible reduction. The growth pace was the most rapid in 2013 with an increase of 1,935% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uruguay (X tons), Brazil (X tons) and Singapore (X tons) were the main destinations of unvulcanized rubber exports from Venezuela, together comprising 62% of total exports. Italy and Switzerland lagged somewhat behind, together accounting for a further 9.2%.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of +221.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unvulcanized rubber exported from Venezuela were Uruguay ($X), Singapore ($X) and Switzerland ($X), with a combined 58% share of total exports.

In terms of the main countries of destination, Switzerland, with a CAGR of +246.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average unvulcanized rubber export price stood at $X per ton in 2022, dropping by -28.5% against the previous year. Overall, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2013 an increase of 115%. As a result, the export price reached the peak level of $X per ton. From 2014 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 Singapore ($X per ton), while the average price for exports to Brazil ($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 Colombia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Venezuela

Unvulcanized rubber imports into Venezuela declined sharply to X tons in 2022, waning by -31.7% compared with the year before. Over the period under review, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by 173% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, unvulcanized rubber imports fell rapidly to $X in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 213% against the previous year. Imports peaked 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 unvulcanized rubber supplier to Venezuela, accounting for a 58% share of total imports. Moreover, unvulcanized rubber imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-13.0% per year) and Italy (-18.3% per year).

In value terms, China ($X) constituted the largest supplier of unvulcanized rubber and articles thereof to Venezuela, comprising 54% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-27.5% per year) and Thailand (-19.8% per year).

Import Prices by Country

In 2022, the average unvulcanized rubber import price amounted to $X per ton, which is down by -3.5% against the previous year. Overall, the import price recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 37%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Peru ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+46.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and Brazil, with a combined 47% share of global consumption. These countries were followed by Malaysia, Italy, Indonesia, Spain, Germany, India, Canada, Poland, France and Turkey, which together accounted for a further 29%.
The countries with the highest volumes of in 2021 were China, the United States and Brazil, together comprising 47% of global production.
In value terms, Malaysia, the United States and Hong Kong SAR constituted the largest unvulcanized rubber suppliers to Venezuela, with a combined 44% share of total imports. These countries were followed by China, Germany, Thailand and Canada, which together accounted for a further 27%.
In value terms, the largest markets for unvulcanized rubber exported from Venezuela were Ecuador, Mexico and Colombia, with a combined 75% share of total exports.
In 2021, the average unvulcanized rubber export price amounted to $1,877 per ton, declining by -10.6% against the previous year.
In 2021, the average unvulcanized rubber import price amounted to $1,834 per ton, rising by 12% against the previous year.

This report provides an in-depth analysis of the unvulcanized 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
  • Prodcom 22192019 - Other compounded rubber, unvulcanised, in primary forms or in plates, sheets or strip
  • Prodcom 22192030 - Forms and articles of unvulcanised rubber (including rods, t ubes, profile shapes, discs and rings) (excluding camel-back, s trips for retreading tyres)
  • Prodcom 22192050 - Vulcanised rubber thread and cord
  • Prodcom 22192070 - Plates, sheets and strip of vulcanised rubber
  • Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
  • Prodcom 22192085 - Plates, sheets, strips for floor covering of solid vulcanised rubber
  • Prodcom 22192087 - Extruded solid rubber rods and profiles

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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