Venezuela: Curtains Market 2023

Curtains Market Size in Venezuela

The Venezuelan curtains market soared to $X in 2021, jumping by 65% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a sharp contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Curtains Exports

Exports from Venezuela

In 2021, exports of curtains and interior blinds from Venezuela skyrocketed to X square meters, jumping by 26% on the previous year. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 327%. The exports peaked at X square meters in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, curtains exports contracted to $X in 2021. In general, exports, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of 96% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X square meters) was the main destination for curtains exports from Venezuela, accounting for a 49% share of total exports. Moreover, curtains exports to Panama exceeded the volume sent to the second major destination, Chile (X square meters), twofold. Costa Rica (X square meters) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+8.9% per year) and Costa Rica (+5.3% per year).

In value terms, Panama ($X) remains the key foreign market for curtains and interior blinds exports from Venezuela, comprising 61% of total exports. The second position in the ranking was taken by Chile ($X), with a 26% share of total exports. It was followed by Costa Rica, with a 3% share.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-0.2% per year) and Costa Rica (-7.9% per year).

Export Prices by Country

In 2021, the average curtains export price amounted to $X per square meter, declining by -29.8% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs at $X per square meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Panama ($X per square meter), while the average price for exports to Costa Rica ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-7.7%), while the prices for the other major destinations experienced a decline.

Curtains Imports

Imports into Venezuela

Curtains imports into Venezuela skyrocketed to X square meters in 2021, growing by 107% compared with 2020 figures. Overall, imports, however, recorded a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 202% against the previous year. Over the period under review, imports attained the maximum at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, curtains imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a dramatic decline. The most prominent rate of growth was recorded in 2019 when imports increased by 112%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X square meters) was the main supplier of curtains to Venezuela, with a 91% share of total imports. Moreover, curtains imports from China exceeded the figures recorded by the second-largest supplier, Costa Rica (X square meters), more than tenfold. Panama (X square meters) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (-8.2% per year) and Panama (-43.4% per year).

In value terms, China ($X) constituted the largest supplier of curtains and interior blinds to Venezuela, comprising 83% of total imports. The second position in the ranking was held by Panama ($X), with a 5.7% share of total imports. It was followed by Costa Rica, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-37.3% per year) and Costa Rica (-16.8% per year).

Import Prices by Country

In 2021, the average curtains import price amounted to $X per square meter, falling by -27.4% against the previous year. In general, the import price showed a slight slump. The pace of growth was the most pronounced in 2018 an increase of 41% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per square meter), while the price for China ($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 the United States (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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