Report Update Apr 1, 2024

Venezuela - Composition Leather - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Composition Leather Market 2024

Composition Leather Market Size in Venezuela

In 2021, the Venezuelan composition leather market was finally on the rise to reach $X after four years of decline. In general, consumption, however, continues to indicate a drastic downturn. Composition leather consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Composition Leather Production in Venezuela

In value terms, composition leather production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Composition Leather Exports

Exports from Venezuela

In 2021, approx. X square meters of composition leather were exported from Venezuela; rising by 13% on 2020 figures. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,202%. As a result, the exports reached the peak of X square meters. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, composition leather exports declined to $X in 2021. Overall, exports recorded resilient growth. The growth pace was the most rapid in 2018 with an increase of 175%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X square meters) was the main destination for composition leather exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Aruba totaled +12.2%.

In value terms, Aruba ($X) also remains the key foreign market for composition leather exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Aruba totaled +5.4%.

Export Prices by Country

The average composition leather export price stood at $X per square meter in 2021, waning by -22% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 1,989% against the previous year. Over the period under review, the average export prices reached the maximum at $X per square meter in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Aruba.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +99.3% per year.

Composition Leather Imports

Imports into Venezuela

In 2021, purchases abroad of composition leather decreased by -65.1% to X square meters, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 166% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, composition leather imports declined remarkably to $X in 2021. In general, imports showed a sharp contraction. The pace of growth was the most pronounced in 2016 with an increase of 255% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Colombia (X square meters), Taiwan (Chinese) (X square meters) and Germany (X square meters) were the main suppliers of composition leather imports to Venezuela, with a combined 74% share of total imports. These countries were followed by Panama, China and Italy, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +0.8%), while imports for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of composition leather to Venezuela, comprising 87% of total imports. The second position in the ranking was taken by Colombia ($X), with a 3.9% share of total imports. It was followed by Panama, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) totaled -20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-56.1% per year) and Panama (-24.7% per year).

Import Prices by Country

In 2021, the average composition leather import price amounted to $X per square meter, dropping by -9.1% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 108% against the previous year. The import price peaked at $X per square meter in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per square meter), while the price for Germany ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for composition leather in the world?

The countries with the highest volumes of consumption in 2021 were China, Cambodia and the United States, with a combined 38% share of global consumption.

What are the largest producers of composition leather in the world?

The countries with the highest volumes of production in 2021 were China, the United States and Turkey, together accounting for 42% of global production. These countries were followed by Germany, Italy, India, South Korea, Vietnam, Pakistan, Indonesia, Kazakhstan, the UK and France, which together accounted for a further 31%.

What are the leading suppliers of composition leather to Venezuela?

In value terms, Taiwan Chinese) constituted the largest supplier of composition leather to Venezuela, comprising 87% of total imports. The second position in the ranking was held by Colombia $215), with a 3.9% share of total imports. It was followed by Panama, with a 2.7% share.

What are the leading importers of composition leather from Venezuela?

In value terms, Aruba remains the key foreign market for composition leather exports from Venezuela.

What is the average export price for composition leather in Venezuela?

In 2021, the average composition leather export price amounted to $2.6 per square meter, waning by -22% against the previous year.

What is the average import price for composition leather in Venezuela?

In 2021, the average composition leather import price amounted to $2.5 per square meter, dropping by -9.1% against the previous year.

This report provides an in-depth analysis of the composition leather 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 15115200 - Composition leather with a basis of leather or leather fibre, in slabs, sheets or strips

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