Venezuela: Baby Garment Market 2024

Baby Garment Market Size in Venezuela

The Venezuelan baby garment market declined modestly to $X in 2022, flattening at the previous year. Overall, consumption, however, continues to indicate a pronounced reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Baby Garment Production in Venezuela

In value terms, baby garment production shrank to $X in 2022 estimated in export price. Overall, production showed a pronounced decrease. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Baby garment production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Baby Garment Exports

Exports from Venezuela

In 2022, the amount of babies garments and clothing accessories (knitted or crocheted) exported from Venezuela soared to X units, increasing by X% against 2021. Overall, exports saw a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, baby garment exports soared to $X in 2022. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for baby garment exports from Venezuela, accounting for a X% share of total exports. Moreover, baby garment exports to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X units), twofold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and France (X% per year).

In value terms, France ($X), the Dominican Republic ($X) and the United States ($X) appeared to be the largest markets for baby garment exported from Venezuela worldwide, with a combined X% share of total exports. Chile, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded 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 more modest paces of growth.

Export Prices by Country

The average baby garment export price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Garment Imports

Imports into Venezuela

In 2022, the amount of babies garments and clothing accessories (knitted or crocheted) imported into Venezuela surged to X units, with an increase of X% on 2021. Over the period under review, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, baby garment imports soared to $X in 2022. Overall, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest baby garment supplier to Venezuela, with a X% share of total imports. Moreover, baby garment imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Turkey (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Turkey (X% per year).

In value terms, the largest baby garment suppliers to Venezuela were China ($X), the United States ($X) and Peru ($X), together accounting for X% of total imports. Spain, Turkey and the UK lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 baby garment import price amounted to $X per unit, which is down by X% against the previous year. In general, import price indicated noticeable growth 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, baby garment import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Turkey ($X per unit) 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 more modest paces of growth.

Source: IndexBox Platform

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