Venezuela: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Venezuela

The Venezuelan saturated acyclic hydrocarbons market reduced slightly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Production in Venezuela

In value terms, saturated acyclic hydrocarbons production fell slightly to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Venezuela

In 2022, after three years of growth, there was decline in shipments abroad of saturated acyclic hydrocarbons, when their volume decreased by X% to X tons. In general, exports faced a precipitous contraction. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, saturated acyclic hydrocarbons exports rose significantly to $X in 2022. Over the period under review, exports faced a sharp decline. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for saturated acyclic hydrocarbons exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for saturated acyclic hydrocarbons exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

In 2022, the average saturated acyclic hydrocarbons export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Saturated Acyclic Hydrocarbons Imports

Imports into Venezuela

In 2022, supplies from abroad of saturated acyclic hydrocarbons was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a sharp reduction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons imports skyrocketed to $X in 2022. In general, imports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Colombia (X tons), the United States (X tons) and the Netherlands (X tons) were the main suppliers of saturated acyclic hydrocarbons imports to Venezuela, together accounting for X% of total imports.

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

In value terms, the United States ($X), Colombia ($X) and the Netherlands ($X) constituted the largest saturated acyclic hydrocarbons suppliers to Venezuela, with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average saturated acyclic hydrocarbons import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, import price indicated a slight increase 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, saturated acyclic hydrocarbons import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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