Venezuela: Market for Plastic Hoses and Hose Fittings 2024

Market Size for Plastic Hoses and Hose Fittings in Venezuela

In 2022, the Venezuelan market for plastic hoses and hose fittings was finally on the rise to reach $X after nine years of decline. In general, consumption, however, recorded a deep slump. Plastic hose and hose fitting consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Plastic Hoses and Hose Fittings

Exports from Venezuela

In 2022, approx. X tons of plastic hoses and hose fittings were exported from Venezuela; falling by X% compared with the previous year. Over the period under review, exports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastic hose and hose fitting exports reduced notably to $X in 2022. In general, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for plastic hose and hose fitting exports from Venezuela, with a X% share of total exports. It was followed by Panama (X tons), with a X% share of total exports. The third position in this ranking was held by Colombia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Colombia (X% per year).

In value terms, the United States ($X) remains the key foreign market for plastic hoses and hose fittings exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

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

Export Prices by Country

In 2022, the average export price for plastic hoses and hose fittings amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Panama ($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 Lebanon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Hoses and Hose Fittings

Imports into Venezuela

In 2022, purchases abroad of plastic hoses and hose fittings increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, saw a drastic downturn. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, plastic hose and hose fitting imports expanded sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a deep reduction. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of plastic hose and hose fitting to Venezuela, accounting for a X% share of total imports. Moreover, plastic hose and hose fitting imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. Colombia (X tons) 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 was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Colombia (X% per year).

In value terms, China ($X), Brazil ($X) and Colombia ($X) were the largest plastic hose and hose fitting suppliers to Venezuela, together comprising X% of total imports. The Czech Republic, Germany, Mexico, the United States and Turkey lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 import price for plastic hoses and hose fittings amounted to $X per ton, falling by X% against the previous year. Overall, import price indicated a temperate expansion 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, plastic hose and hose fitting import price increased by X% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the price for Turkey ($X per ton) 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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