Venezuela: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2022

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Venezuela

The Venezuelan pigments, opacifiers and colours market contracted notably to $X in 2021, which is down by -X% 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). In general, consumption saw a pronounced contraction. Pigments, opacifiers and colours consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Venezuela

In 2021, shipments abroad of pigments, opacifiers and colours for ceramics, enamelling or glass decreased by less than X% to X kg, falling for the fourth year in a row after three years of growth. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, pigments, opacifiers and colours exports rose slightly to $X in 2021. Overall, exports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X kg) was the main destination for pigments, opacifiers and colours exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at +X%.

In value terms, Mexico ($X) also remains the key foreign market for pigments, opacifiers and colours exports from Venezuela.

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

Export Prices by Country

The average pigments, opacifiers and colours export price stood at $X per ton in 2021, growing by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Mexico amounted to -X% per year.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Venezuela

In 2021, pigments, opacifiers and colours imports into Venezuela fell significantly to X tons, declining by -X% on 2020. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, pigments, opacifiers and colours imports fell notably to $X in 2021. In general, imports showed a deep contraction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X tons), Mexico (X tons) and China (X tons) were the main suppliers of pigments, opacifiers and colours imports to Venezuela, with a combined X% share of total imports.

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

In value terms, China ($X) constituted the largest supplier of pigments, opacifiers and colours to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Spain (-X% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2021, waning by less than X% against the previous year. Over the period under review, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in 2019 an increase of 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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