Price for Embroidery; in the Piece, in Strips or in Motifs in Venezuela - 2022

Contents:

  1. Price for Embroidery; in the Piece, in Strips or in Motifs in Venezuela (CIF) - 2022
  2. Price for Embroidery; in the Piece, in Strips or in Motifs in Venezuela (FOB) - 2022
  3. Imports of Embroidery; in the Piece, in Strips or in Motifs in Venezuela
  4. Exports of Embroidery; in the Piece, in Strips or in Motifs in Venezuela

Price for Embroidery; in the Piece, in Strips or in Motifs in Venezuela (CIF) - 2022

The average import price for embroidery; in the piece, in strips or in motifses stood at $9,838 per ton in 2022, with a decrease of -2.9% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2016 an increase of 55% against the previous year. As a result, import price reached the peak level of $30,815 per ton. From 2017 to 2022, the average import prices remained at a lower figure.

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 Thailand ($694,422 per ton), while the price for Hong Kong SAR ($2,379 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Embroidery; in the Piece, in Strips or in Motifs in Venezuela (FOB) - 2022

The average export price for embroidery; in the piece, in strips or in motifses stood at $69,325 per ton in 2022, rising by 7.5% against the previous year. In general, the export price posted a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by 57% against the previous year. The export price peaked at $75,284 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($134,500 per ton), while the average price for exports to Costa Rica ($1,000 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 the United States (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Embroidery; in the Piece, in Strips or in Motifs in Venezuela

For the fourth year in a row, Venezuela recorded growth in overseas purchases of embroidery; in the piece, in strips or in motifses, which increased by 123% to 51 tons in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 136%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of embroidery; in the piece, in strips or in motifses soared to $506K in 2022. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 181%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Embroidery; in the Piece, in Strips or in Motifs in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR21.148.953.712179.0%
China71.227542.975.62.0%
Others71.613613831063.0%
Total16446023450645.6%

Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Venezuela in 2022:

  1. Hong Kong SAR (50.8 tons)
  2. China (0.2 tons)

Exports of Embroidery; in the Piece, in Strips or in Motifs in Venezuela

In 2022, the amount of embroidery; in the piece, in strips or in motifses exported from Venezuela skyrocketed to 40 kg, jumping by 33% on the year before. In general, exports saw a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 169%. As a result, the exports attained the peak of 94 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $2.8K in 2022. Overall, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 139%. As a result, the exports reached the peak of $3.9K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Export of Embroidery; in the Piece, in Strips or in Motifs in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama1,4712,9471,7452,47118.9%
United States10524216526936.8%
Spain23.027.015.020.0-4.6%
Chile6.010.05.06.00.0%
Bolivia5.09.04.05.00.0%
CanadaN/AN/AN/A1.00%
Costa Rica1.01.01.01.00.0%
Sri LankaN/A626N/AN/A0%
Others4.0N/AN/AN/A0%
Total1,6153,8621,9352,77319.7%

Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Venezuela in 2022:

  1. Panama (33.0 kg)
  2. United States (2.0 kg)
  3. Canada (1.0 kg)
  4. Costa Rica (1.0 kg)
  5. Chile (1.0 kg)
  6. Bolivia (1.0 kg)
  7. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform

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