Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela - 2022

Contents:

  1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (CIF) - 2022
  2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (FOB) - 2022
  3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela
  4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (CIF) - 2022

In 2022, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $0.3 per square meter, which is down by -44.8% against the previous year. Overall, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2018 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure at $0.6 per square meter in 2012; however, from 2013 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 Peru ($1.1 per square meter), while the price for China ($0.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.6 per square meter in 2022, with a decrease of -7% against the previous year. Overall, the export price saw a mild shrinkage. The growth pace was the most rapid in 2015 an increase of 67% against the previous year. As a result, the export price attained the peak level of $0.7 per square meter. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to -14.0% per year.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela

In 2022, after two years of decline, there was significant growth in supplies from abroad of fabrics, woven; from strip or the like, of synthetic textile materialses, when their volume increased by 1,262% to 2.9M square meters. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses surged to $890K in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru56.574.246.035083.7%
Mexico71.179.942.427757.4%
China12.518.012.3103102.0%
Brazil6.15.76.159.0113.1%
TurkeyN/A1.2N/A37.7460.5%
Spain3.014.66.926.4106.5%
Chile1.81.01.718.4117.0%
Others6.38.12.919.144.7%
Total15720311889078.3%

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Venezuela in 2022:

  1. China (1083.7K square meters)
  2. Mexico (895.6K square meters)
  3. Peru (304.3K square meters)
  4. Brazil (180.6K square meters)
  5. Turkey (151.0K square meters)
  6. Spain (107.4K square meters)
  7. Chile (105.8K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela

In 2022, approx. 2.2K square meters of fabrics, woven; from strip or the like, of synthetic textile materialses were exported from Venezuela; shrinking by -11.7% on 2021 figures. Overall, exports faced a sharp slump. Over the period under review, the exports of fabrics, woven; from strip or like, of synthetic textile materialses reached the maximum at 4.3K square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses dropped remarkably to $1.2K in 2022. Over the period under review, exports recorded a dramatic decline. The smallest decline of -17.8% was in 2021. The exports peaked at $2.7K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Dominican Republic2.71.81.51.2-23.7%
OthersN/AN/AN/AN/A0%
Total2.71.81.51.2-23.7%

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Venezuela in 2022:

  1. Dominican Republic (2.2K square meters)

Source: IndexBox Market Intelligence Platform

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