Venezuela: Plastic Household Ware Market 2024

Plastic Household Ware Market Size in Venezuela

The Venezuelan plastic household ware market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a slight shrinkage. Plastic household ware consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Plastic Household Ware Production in Venezuela

In value terms, plastic household ware production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Plastic Household Ware Exports

Exports from Venezuela

In 2022, overseas shipments of plastics household articles and toilet articles were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plastic household ware exports skyrocketed to $X in 2022. Overall, exports, however, showed a perceptible decline. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for plastic household ware exports from Venezuela, accounting for a X% share of total exports. Moreover, plastic household ware exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. France (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and France (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastics household articles and toilet articles exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and Colombia (X% per year).

Export Prices by Country

The average plastic household ware export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic household ware export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Panama ($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 Guyana (X%), while the prices for the other major destinations experienced a decline.

Plastic Household Ware Imports

Imports into Venezuela

In 2022, supplies from abroad of plastics household articles and toilet articles decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic household ware imports shrank significantly to $X in 2022. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Turkey (X tons) were the main suppliers of plastic household ware imports to Venezuela, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plastic household ware suppliers to Venezuela were China ($X), the United States ($X) and Turkey ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 plastic household ware import price amounted to $X per ton, which is down by X% against the previous year. In general, the import price showed a mild curtailment. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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