Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela - 2022
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (CIF) - 2022
The average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,351 per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2019 when the average import price increased by 41% against the previous year. The import price peaked at $3,801 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($3,208 per ton), while the price for Mexico ($1,445 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $2,573 per ton in 2022, surging by 82% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 184% against the previous year. As a result, the export price attained the peak level of $4,368 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($2,744 per ton), while the average price for exports to Panama ($426 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 the United States (-0.5%), while the prices for the other major destinations experienced a decline.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela
For the fourth consecutive year, Venezuela recorded growth in purchases abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which increased by 95% to 1.2K tons in 2022. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $2.8M in 2022. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 238 | 240 | 374 | 1,284 | 75.4% |
| China | 144 | 117 | 326 | 715 | 70.6% |
| Hong Kong SAR | 121 | 114 | 118 | 134 | 3.5% |
| Colombia | 11.8 | 12.8 | 39.6 | 123 | 118.4% |
| Mexico | 134 | 183 | 46.4 | 94.5 | -11.0% |
| Netherlands | 37.8 | 44.4 | 57.5 | 81.3 | 29.1% |
| Brazil | 87.4 | 45.1 | 87.5 | 39.3 | -23.4% |
| Others | 157 | 178 | 223 | 322 | 27.1% |
| Total | 932 | 935 | 1,273 | 2,792 | 44.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Venezuela in 2022:
- United States (716.4 tons)
- China (275.8 tons)
- Mexico (65.4 tons)
- Colombia (43.6 tons)
- Hong Kong SAR (41.7 tons)
- Netherlands (13.5 tons)
- Brazil (13.1 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela
For the fourth year in a row, Venezuela recorded growth in overseas shipments of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics), which increased by 11% to 2.8 tons in 2022. The total export volume increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) skyrocketed to $7.1K in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | 3.2 | 3.3 | 6.5 | 28.0% |
| Aruba | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Panama | N/A | N/A | N/A | 0.1 | 0% |
| Colombia | N/A | N/A | N/A | 0.1 | 0% |
| Others | N/A | N/A | N/A | 0.2 | 0% |
| Total | 3.3 | 3.4 | 3.5 | 7.1 | 29.1% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Venezuela in 2022:
- United States (2384.0 kg)
- Panama (148.0 kg)
- Colombia (122.0 kg)
- Aruba (90.0 kg)
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