Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela - 2022

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela (CIF) - 2022
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela (FOB) - 2022
3. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela
4. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela (CIF) - 2022

The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $9,644 per ton in 2022, reducing by -4.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $11,238 per ton in 2013; however, from 2014 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 Spain ($16,258 per ton), while the price for Mexico ($3,743 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela (FOB) - 2022

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $20,129 per ton in 2022, increasing by 9.3% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for footwear; parts, outer soles and heels, of rubber or plasticses increased by +99.4% against 2015 indices. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($43,042 per ton), while the average price for exports to Trinidad and Tobago ($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 Colombia (+23.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses imported into Venezuela skyrocketed to 125 tons, picking up by 19% on the previous year. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 89% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses rose significantly to $1.2M in 2022. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 86%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Venezuela in 2022:

1. China (56.0 tons)
2. Panama (21.6 tons)
3. Colombia (16.5 tons)
4. Spain (13.3 tons)
5. Mexico (13.1 tons)
6. Italy (2.3 tons)

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Venezuela

Exports of footwear; parts, outer soles and heels, of rubber or plasticses from Venezuela shrank significantly to 62 kg in 2022, waning by -18.4% compared with the year before. Over the period under review, exports faced a abrupt downturn.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses fell to $1.2K in 2022. Overall, exports showed a abrupt descent.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Venezuela in 2022:

1. Colombia (24.0 kg)
2. Aruba (22.0 kg)
3. United States (12.0 kg)
4. Portugal (1.0 kg)
5. Panama (1.0 kg)
6. Trinidad and Tobago (1.0 kg)
7. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform