Venezuela: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Venezuela

The Venezuelan bituminous mixtures market rose slightly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bituminous Mixtures Production in Venezuela

In value terms, bituminous mixtures production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced slump. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Bituminous Mixtures Exports

Exports from Venezuela

In 2022, the amount of bituminous mixtures exported from Venezuela contracted sharply to X tons, shrinking by X% compared with 2021 figures. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, bituminous mixtures exports dropped notably to $X in 2022. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for bituminous mixtures exports from Venezuela, with a X% share of total exports. Moreover, bituminous mixtures exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), sevenfold. The third position in this ranking was taken by Bolivia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Bolivia (X% per year).

In value terms, the United States ($X) remains the key foreign market for bituminous mixtures exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Bolivia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Bolivia (X% per year).

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a deep setback. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to the United States ($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 Chile (X%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Venezuela

In 2022, purchases abroad of bituminous mixtures was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, bituminous mixtures imports skyrocketed to $X in 2022. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of bituminous mixtures to Venezuela, with a X% share of total imports. Moreover, bituminous mixtures imports from the United States exceeded the figures recorded by the second-largest supplier, Colombia (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of bituminous mixtures to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%.

Import Prices by Country

In 2022, the average bituminous mixtures import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price faced a deep reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, 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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