Venezuela: Silk Fabric Market 2022

Silk Fabric Market Size in Venezuela

The Venezuelan silk fabric market was finally on the rise to reach $X in 2021, after seven years of decline. Over the period under review, consumption, however, saw a abrupt downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Silk Fabric Exports

Exports from Venezuela

Silk fabric exports from Venezuela dropped markedly to less than X square meters in 2021, falling by -X% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silk fabric exports fell rapidly to less than $X in 2021. In general, exports saw a deep contraction. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Finland (X square meters) was the main destination for silk fabric exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Finland was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Finland was relatively modest.

Export Prices by Country

The average silk fabric export price stood at $X per square meter in 2020, almost unchanged from the previous year. In general, the export price showed a abrupt slump. The export price peaked at $X per square meter in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

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

From 2012 to 2020, the rate of growth in terms of prices for Finland amounted to X% per year.

Silk Fabric Imports

Imports into Venezuela

In 2021, after eight years of decline, there was significant growth in supplies from abroad of woven fabrics of silk or of silk waste, when their volume increased by X% to X square meters. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports reached the peak figure at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silk fabric imports expanded sharply to $X in 2021. Over the period under review, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the United States (X square meters) constituted the largest silk fabric supplier to Venezuela, accounting for a X% share of total imports. Moreover, silk fabric imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X square meters), more than tenfold. The third position in this ranking was occupied by Italy (X square meters), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Italy (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of silk fabric to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with an X% share of total imports. It was followed by Panama, with a X% share.

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

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. The import price peaked at $X per square meter in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Panama ($X per square meter), while the price for Canada ($X per square meter) was amongst the lowest.

From 2012 to 2021, 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