Venezuela: Plastic Furniture Market 2024

Plastic Furniture Market Size in Venezuela

The Venezuelan plastic furniture market shrank to $X in 2022, waning by X% against the previous year. In general, consumption saw a noticeable setback. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plastic Furniture Production in Venezuela

In value terms, plastic furniture production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a slight decline. The growth pace was the most rapid in 2013 with an increase of X%. Plastic furniture production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Plastic Furniture Exports

Exports from Venezuela

Plastic furniture exports from Venezuela reduced slightly to X units in 2022, leveling off at 2021. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic furniture exports declined dramatically to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for plastic furniture exports from Venezuela, accounting for a X% share of total exports. Moreover, plastic furniture exports to Canada exceeded the volume sent to the second major destination, Guyana (X units), threefold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and France (X% per year).

In value terms, Canada ($X) emerged as the key foreign market for furniture of plastic exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Guyana ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and France (X% per year).

Export Prices by Country

The average plastic furniture export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Guyana ($X per unit) and Canada ($X per unit), while the average price for exports to France ($X per unit) and Bolivia ($X per unit) were amongst the lowest.

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

Plastic Furniture Imports

Imports into Venezuela

After three years of growth, overseas purchases of furniture of plastic decreased by X% to X units in 2022. In general, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plastic furniture imports dropped to $X in 2022. Over the period under review, imports saw a significant contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Colombia (X units) and the United States (X units) were the main suppliers of plastic furniture imports to Venezuela, together accounting for X% of total imports. Turkey, Italy, Lebanon, Spain and Chile lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest plastic furniture suppliers to Venezuela were China ($X), Colombia ($X) and the United States ($X), with a combined X% share of total imports. Turkey, Italy, Spain, Lebanon and Chile lagged somewhat behind, together accounting for a further X%.

Turkey, 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 a decline.

Import Prices by Country

The average plastic furniture import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 Spain ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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