Venezuela: Construction Sands Market 2024

Construction Sands Market Size in Venezuela

The Venezuelan construction sands market dropped to $X in 2022, waning by -1.9% against the previous year. Over the period under review, consumption saw a perceptible decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Construction Sands Production in Venezuela

In value terms, construction sands production declined modestly to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Construction Sands Exports

Exports from Venezuela

Construction sands exports from Venezuela expanded remarkably to X tons in 2022, picking up by 11% compared with 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 454% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, construction sands exports dropped slightly to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 297%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

The Netherlands (X tons), Colombia (X tons) and Panama (X tons) were the main destinations of construction sands exports from Venezuela, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +89.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Spain ($X) and Panama ($X) were the largest markets for construction sands exported from Venezuela worldwide, together comprising 100% of total exports.

Spain, with a CAGR of +49.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average construction sands export price stood at $X per ton in 2022, which is down by -11.5% against the previous year. Over the period under review, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 115% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Colombia (-5.3%), while the prices for the other major destinations experienced a decline.

Construction Sands Imports

Imports into Venezuela

In 2022, approx. X tons of construction sands were imported into Venezuela; which is down by -43.8% on 2021 figures. In general, imports faced a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 706% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, construction sands imports reduced sharply to $X in 2022. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 1,243%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest construction sands supplier to Venezuela, with a 78% share of total imports. Moreover, construction sands imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-16.4% per year) and Taiwan (Chinese) (+12.1% per year).

In value terms, the United States ($X), Brazil ($X) and Taiwan (Chinese) ($X) were the largest construction sands suppliers to Venezuela, together accounting for 88% of total imports.

Taiwan (Chinese), with a CAGR of +15.2%, recorded the highest rates of growth with regard to 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

In 2022, the average construction sands import price amounted to $X per ton, reducing by -4.4% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2021 an increase of 67% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (+66,344.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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