Venezuela: Acrylic Polymer Market 2024

Acrylic Polymer Market Size in Venezuela

In 2023, after two years of growth, there was significant decline in the Venezuelan acrylic polymer market, when its value decreased by X% to $X. Overall, consumption recorded a abrupt setback. Acrylic polymer consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Acrylic Polymer Production in Venezuela

In value terms, acrylic polymer production contracted to $X in 2023 estimated in export price. In general, production recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. Acrylic polymer production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Acrylic Polymer Exports

Exports from Venezuela

In 2023, shipments abroad of acrylic polymers (in primary forms) was finally on the rise to reach X tons after six years of decline. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, acrylic polymer exports skyrocketed to $X in 2023. In general, exports, however, continue to indicate a dramatic downturn. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), the Dominican Republic (X tons) and Paraguay (X kg) were the main destinations of acrylic polymer exports from Venezuela, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Colombia ($X) remains the key foreign market for acrylic polymers (in primary forms) exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a X% share of total exports. It was followed by Paraguay, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Paraguay (X% per year).

Export Prices by Country

The average acrylic polymer export price stood at $X per ton in 2023, approximately reflecting the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Acrylic Polymer Imports

Imports into Venezuela

After three years of growth, purchases abroad of acrylic polymers (in primary forms) decreased by X% to X tons in 2023. In general, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, acrylic polymer imports shrank to $X in 2023. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Colombia (X tons) constituted the largest supplier of acrylic polymer to Venezuela, with a X% share of total imports. Moreover, acrylic polymer imports from Colombia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Colombia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Belgium (X% per year).

In value terms, the largest acrylic polymer suppliers to Venezuela were Germany ($X), Colombia ($X) and China ($X), together comprising X% of total imports.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average acrylic polymer import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform