Report Update Nov 1, 2024

Venezuela - Voiles, Webs, Mats and Other Articles of Glass Fibers - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Glass Fiber Market 2024

Glass Fiber Market Size in Venezuela

In 2021, the Venezuelan glass fiber market decreased by -30.3% to $X, falling for the sixth year in a row after two years of growth. In general, consumption showed a sharp downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Glass Fiber Exports

Exports from Venezuela

In 2021, shipments abroad of voiles, webs, mats and other articles of glass fibers increased by 9.1% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 273% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, glass fiber exports expanded notably to $X in 2021. Over the period under review, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 499%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Colombia (X tons) was the main destination for glass fiber exports from Venezuela, accounting for a 96% share of total exports. Moreover, glass fiber exports to Colombia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.8% per year) and Panama (-43.0% per year).

In value terms, Colombia ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Venezuela, comprising 98% of total exports. The second position in the ranking was held by Panama ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-31.6% per year) and the United States (-20.4% per year).

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, picking up by 3.5% against the previous year. Overall, the export price continues to indicate a mild increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 235%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fiber Imports

Imports into Venezuela

For the seventh year in a row, Venezuela recorded decline in overseas purchases of voiles, webs, mats and other articles of glass fibers, which decreased by -19.5% to X tons in 2021. Over the period under review, imports recorded a dramatic slump. The growth pace was the most rapid in 2014 when imports increased by 69%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, glass fiber imports rose notably to $X in 2021. In general, imports recorded a dramatic setback. The pace of growth was the most pronounced in 2015 with an increase of 34%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), China (X tons) and Mexico (X tons) were the main suppliers of glass fiber imports to Venezuela, together accounting for 77% of total imports. These countries were followed by the United States, Brazil, Canada and Colombia, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +25.7%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest glass fiber suppliers to Venezuela were Turkey ($X), China ($X) and Mexico ($X), together accounting for 63% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +27.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average glass fiber import price amounted to $X per ton, increasing by 39% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 42%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for voiles, webs, mats and other articles of glass fibers in the world?

China remains the largest glass fiber consuming country worldwide, comprising approx. 21% of total volume. Moreover, glass fiber consumption in China exceeded the figures recorded by the second-largest consumer, France, twofold. The third position in this ranking was occupied by India, with an 8.4% share.

What are the largest producers of voiles, webs, mats and other articles of glass fibers in the world?

The country with the largest volume of glass fiber production was China, comprising approx. 31% of total volume. Moreover, glass fiber production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by France, with a 6.6% share.

What are the leading suppliers of voiles, webs, mats and other articles of glass fibers to Venezuela?

In value terms, the largest glass fiber suppliers to Venezuela were China, the United States and Brazil, with a combined 47% share of total imports. Colombia, Mexico and Canada lagged somewhat behind, together comprising a further 12%.

What are the leading importers of voiles, webs, mats and other articles of glass fibers from Venezuela?

In value terms, Colombia remains the key foreign market for glass fiber exports from Venezuela.

What is the average export price for voiles, webs, mats and other articles of glass fibers in Venezuela?

In 2021, the average glass fiber export price amounted to $2,005 per ton, shrinking by -3.3% against the previous year.

What is the average import price for voiles, webs, mats and other articles of glass fibers in Venezuela?

In 2021, the average glass fiber import price amounted to $2,946 per ton, declining by -6.9% against the previous year.

This report provides an in-depth analysis of the glass fiber 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 23141210 -
Prodcom 23141230 -
Prodcom 23141250 - Non-woven glass fibre webs, felts, mattresses and boards
Prodcom 23141293 -
Prodcom 23141295 -
Prodcom 23141299 -

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