Venezuela: Textile Tubing Market 2024

Textile Tubing Market Size in Venezuela

The Venezuelan textile tubing market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a resilient increase. Textile tubing consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Textile Tubing Production in Venezuela

In value terms, textile tubing production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Textile tubing production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Textile Tubing Exports

Exports from Venezuela

In 2022, shipments abroad of textile hosepiping and similar textile tubing decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, textile tubing exports reduced markedly to $X in 2022. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X kg) was the main destination for textile tubing exports from Venezuela, with a X% share of total exports. Moreover, textile tubing exports to Colombia exceeded the volume sent to the second major destination, Panama (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia was relatively modest.

In value terms, Colombia ($X) remains the key foreign market for textile hosepiping and similar textile tubing exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%.

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Panama amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%).

Textile Tubing Imports

Imports into Venezuela

In 2022, overseas purchases of textile hosepiping and similar textile tubing increased by X% to X tons, rising for the second year in a row after eight years of decline. In general, imports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, textile tubing imports skyrocketed to $X in 2022. Overall, imports, however, saw a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons) constituted the largest textile tubing supplier to Venezuela, accounting for a X% share of total imports. Moreover, textile tubing imports from Hong Kong SAR exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Canada (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Hong Kong SAR stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Canada (X% per year).

In value terms, France ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) appeared to be the largest textile tubing suppliers to Venezuela, with a combined X% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile tubing import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, saw a perceptible contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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