Venezuela: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Venezuela

The Venezuelan aromatic hydrocarbon mixtures market shrank sharply to $X in 2022, dropping by X% against the previous year. Overall, consumption faced a abrupt descent. Aromatic hydrocarbon mixtures consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Aromatic Hydrocarbon Mixtures Production in Venezuela

In value terms, aromatic hydrocarbon mixtures production rose modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Aromatic hydrocarbon mixtures production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Aromatic Hydrocarbon Mixtures Exports

Exports from Venezuela

In 2022, overseas shipments of naphthalene and other aromatic hydrocarbon mixtures increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. Over the period under review, exports posted a strong increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Colombia (X tons) and the United States (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Venezuela.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%).

In value terms, Colombia ($X) and the United States ($X) were the largest markets for aromatic hydrocarbon mixtures exported from Venezuela worldwide.

Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average aromatic hydrocarbon mixtures export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% 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.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Aromatic Hydrocarbon Mixtures Imports

Imports into Venezuela

In 2022, overseas purchases of naphthalene and other aromatic hydrocarbon mixtures decreased by X% to X tons, falling for the ninth year in a row after two years of growth. Over the period under review, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports shrank to $X in 2022. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Oman (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Venezuela, with a X% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from Oman exceeded the figures recorded by the second-largest supplier, Colombia (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Oman amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Germany (X% per year).

In value terms, Oman ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Venezuela, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Oman amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price saw resilient growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform

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