Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela - 2022
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (FOB) - 2022
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (CIF) - 2022
The average import price for furniture; wooden, other than for office, kitchen or bedroom use stood at $63 per unit in 2022, falling by -14.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 46% against the previous year. As a result, import price attained the peak level of $122 per unit. 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 China ($103 per unit), while the price for Vietnam ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.1%), while the prices for the other major suppliers experienced a decline.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (FOB) - 2022
In 2022, the average export price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $214 per unit, with an increase of 106% against the previous year. Overall, the export price, however, recorded a slight descent. Over the period under review, the average export prices attained the peak figure at $246 per unit 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($286 per unit), while the average price for exports to the Dominican Republic ($33 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela
For the fourth consecutive year, Venezuela recorded growth in overseas purchases of furniture; wooden, other than for office, kitchen or bedroom use, which increased by 62% to 189K units in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 104%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use skyrocketed to $12M in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 479 | 1,953 | 3,648 | 3,646 | 96.7% |
| Italy | 843 | 1,112 | 1,509 | 2,824 | 49.6% |
| United States | 1,180 | 1,030 | 837 | 2,096 | 21.1% |
| Spain | 469 | 345 | 534 | 1,261 | 39.1% |
| Brazil | 71.1 | 69.2 | 304 | 604 | 104.0% |
| Turkey | 3.0 | 24.6 | 862 | 282 | 354.7% |
| Denmark | 87.2 | 95.0 | 204 | 218 | 35.7% |
| Vietnam | 201 | 130 | 207 | 146 | -10.1% |
| Others | 327 | 538 | 449 | 829 | 36.4% |
| Total | 3,661 | 5,295 | 8,553 | 11,906 | 48.2% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Venezuela in 2022:
- Italy (62.5K units)
- China (35.4K units)
- United States (32.2K units)
- Spain (25.3K units)
- Brazil (9.1K units)
- Turkey (6.2K units)
- Denmark (4.8K units)
- Vietnam (3.2K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela
For the third year in a row, Venezuela recorded decline in shipments abroad of furniture; wooden, other than for office, kitchen or bedroom use, which decreased by -60.4% to 311 units in 2022. Over the period under review, exports saw a significant contraction. The smallest decline of -55.8% was in 2021. The exports peaked at 4.4K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use shrank remarkably to $67K in 2022. In general, exports recorded a precipitous setback. Over the period under review, the exports of hit record highs at $521K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 69.2 | N/A | N/A | 34.5 | -20.7% |
| Egypt | N/A | N/A | N/A | 21.4 | 0% |
| Spain | 4.8 | 0.4 | 2.1 | 5.3 | 3.4% |
| Switzerland | N/A | 0.1 | N/A | 2.6 | 409.9% |
| Italy | N/A | N/A | N/A | 1.5 | 0% |
| Costa Rica | 210 | 108 | 18.8 | 0.8 | -84.4% |
| Norway | 5.2 | 4.7 | N/A | N/A | -9.6% |
| Dominican Republic | 2.6 | 4.3 | 20.3 | N/A | 179.4% |
| Ireland | N/A | 29.2 | N/A | N/A | 0% |
| El Salvador | 14.8 | 11.6 | 2.2 | N/A | -61.4% |
| France | 24.2 | N/A | N/A | N/A | 0% |
| Colombia | 6.0 | N/A | N/A | N/A | 0% |
| United States | 152 | 30.1 | 13.0 | N/A | -70.8% |
| Others | 31.9 | 2.5 | 25.1 | 0.6 | -73.4% |
| Total | 521 | 191 | 81.6 | 66.7 | -49.6% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Venezuela in 2022:
- United Kingdom (170.0 units)
- Egypt (78.0 units)
- Spain (38.0 units)
- Switzerland (9.0 units)
- Italy (8.0 units)
- Costa Rica (3.0 units)
- Dominican Republic (1.0 units)
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