Venezuela: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Venezuela

After four years of decline, the Venezuelan market for nets of twine, cordage, rope or textile materials increased by X% to $X in 2021. Over the period under review, consumption, however, showed a precipitous shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Venezuela

In 2021, shipments abroad of nets of twine, cordage, rope or textile materials increased by X% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a notable increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net exports rose rapidly to $X in 2021. Overall, exports recorded a tangible increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Aruba (X tons), Malaysia (X kg) and the United States (X kg) were the main destinations of twine, cordage or textile net exports from Venezuela, together accounting for X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Aruba (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) remains the key foreign market for twine, cordage or textile net exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Aruba ($X), with a X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+X% per year) and the United States (-X% per year).

Export Prices by Country

In 2021, the average export price for nets of twine, cordage, rope or textile materials amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Aruba ($X per ton) was amongst the lowest.

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

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Venezuela

After four years of decline, overseas purchases of nets of twine, cordage, rope or textile materials increased by X% to X tons in 2021. Over the period under review, imports, however, faced a precipitous curtailment. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, twine, cordage or textile net imports rose slightly to $X in 2021. In general, imports, however, recorded a sharp contraction. The growth pace was the most rapid in 2016 with an increase of X% 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

In 2021, Ecuador (X tons) constituted the largest twine, cordage or textile net supplier to Venezuela, with a X% share of total imports. Moreover, twine, cordage or textile net imports from Ecuador exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume from Ecuador amounted to -X%.

In value terms, Ecuador ($X) constituted the largest supplier of twine, cordage or textile net to Venezuela, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ecuador stood at -X%.

Import Prices by Country

In 2021, the average import price for nets of twine, cordage, rope or textile materials amounted to $X per ton, remaining stable against the previous year. In general, the import price, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Ecuador ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (-X%).

Source: IndexBox Platform