Venezuela: Wrapping Papers Market 2024

Wrapping Papers Market Size in Venezuela

The Venezuelan wrapping papers market amounted to $X in 2022, standing approx. at the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Wrapping Papers Production in Venezuela

In value terms, wrapping papers production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Wrapping Papers Exports

Exports from Venezuela

In 2022, shipments abroad of wrapping paper, packaging paper and paperboard was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, wrapping papers exports soared to $X in 2022. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X kg) was the main destination for wrapping papers exports from Venezuela, with a X% share of total exports. Moreover, wrapping papers exports to South Korea exceeded the volume sent to the second major destination, Ecuador (X kg), threefold. Aruba (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (X% per year) and Aruba (X% per year).

In value terms, the largest markets for wrapping papers exported from Venezuela were South Korea ($X), Ecuador ($X) and Aruba ($X), together accounting for X% of total exports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average wrapping papers export price stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Panama ($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 Panama (X%), while the prices for the other major destinations experienced a decline.

Wrapping Papers Imports

Imports into Venezuela

Wrapping papers imports into Venezuela shrank rapidly to X tons in 2022, falling by X% compared with the previous year. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, wrapping papers imports fell markedly to $X in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs 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 China (X tons) were the main suppliers of wrapping papers imports to Venezuela, together comprising X% of total imports. Spain, Belgium, Brazil, Mexico, Finland and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest wrapping papers suppliers to Venezuela were China ($X), Colombia ($X) and the United States ($X), together comprising X% of total imports. Spain, Mexico, Brazil, Finland, Italy and Belgium lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded 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 a decline.

Import Prices by Country

The average wrapping papers import price stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Mexico ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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