Venezuela: Sail Market 2021

Sail Market Size in Venezuela

The Venezuelan sail market amounted to $X in 2020, increasing by X% against the previous year. Overall, the total consumption indicated a temperate expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level in 2020 and is likely to see steady growth in the near future.

Sail Production in Venezuela

In value terms, sail production stood at $X in 2020 estimated in export prices. Over the period under review, the total production indicated a prominent increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Sail production peaked in 2020 and is expected to retain growth in the near future.

Sail Exports

Exports from Venezuela

In 2020, sail exports from Venezuela amounted to X kg, stabilizing at the previous year. Over the period under review, exports recorded a dramatic decline. Exports peaked at X kg in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, sail exports totaled $X in 2020. In general, exports continue to indicate a abrupt decline. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for sail exports from Venezuela, accounting for a approx. X% share of total exports.

From 2007 to 2014, the average annual growth rate of volume to Aruba stood at +X%.

From 2007 to 2014, the average annual rate of growth in terms of value to Aruba stood at +X%.

Export Prices by Country

In 2014, the average sail export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a buoyant expansion. As a result, export price reached the peak level of $X per ton. from 2010 to 2014, the growth in terms of the average export prices failed to regain the momentum.

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

From 2007 to 2014, the rate of growth in terms of prices for Aruba amounted to -X% per year.

Sail Imports

Imports into Venezuela

For the fourth year in a row, Venezuela recorded growth in purchases abroad of sails, which increased by X% to X kg in 2020. Over the period under review, imports posted a tangible increase. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in years to come.

In value terms, sail imports stood at $X in 2020. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, the U.S. (X kg) was the main sail supplier to Venezuela, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from the U.S. totaled +X%.

In value terms, the U.S. ($X) constituted the largest supplier of sail to Venezuela.

From 2007 to 2020, the average annual rate of growth in terms of value from the U.S. amounted to +X%.

Import Prices by Country

The average sail import price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the period under review, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2011 when the average import price increased by X% y-o-y. The import price peaked at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to -X% per year.

Source: IndexBox Platform