Venezuela: Non-Knitted Women Apparel Market 2022

Non-Knitted Women Apparel Market Size in Venezuela

The Venezuelan non-knitted women apparel market rose modestly to $X in 2021, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Non-Knitted Women Apparel Production in Venezuela

In value terms, non-knitted women apparel production rose slightly to $X in 2021 estimated in export price. Overall, production recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Non-knitted women apparel production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Non-Knitted Women Apparel Exports

Exports from Venezuela

In 2021, overseas shipments of women's or girls' clothing (not knitted or crocheted) decreased by -X% to X units, falling for the third year in a row after two years of growth. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-knitted women apparel exports contracted sharply to $X in 2021. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X units) was the main destination for non-knitted women apparel exports from Venezuela, with a X% share of total exports. Moreover, non-knitted women apparel exports to Chile exceeded the volume sent to the second major destination, China (X units), sixfold. Jamaica (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2020, the average annual growth rate of volume to Chile amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Jamaica (+X% per year).

In value terms, Chile ($X) remains the key foreign market for non-knitted women apparel exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Chile totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Jamaica (+X% per year).

Export Prices by Country

The average non-knitted women apparel export price stood at $X per unit in 2020, picking up by X% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2020: its price increased at an average annual rate of +X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, non-knitted women apparel export price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was China ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Knitted Women Apparel Imports

Imports into Venezuela

In 2021, approx. X units of women's or girls' clothing (not knitted or crocheted) were imported into Venezuela; surging by X% against the year before. In general, imports, however, showed a sharp reduction. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-knitted women apparel imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a dramatic slump. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) was the main non-knitted women apparel supplier to Venezuela, accounting for a X% share of total imports. Moreover, non-knitted women apparel imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Myanmar (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Myanmar (+X% per year).

In value terms, China ($X) constituted the largest supplier of non-knitted women apparel to Venezuela, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by Myanmar, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Myanmar (+X% per year).

Import Prices by Country

The average non-knitted women apparel import price stood at $X per unit in 2020, waning by -X% against the previous year. Over the period under review, the import price, however, posted slight growth. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2020, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Myanmar ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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