Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela - 2022

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela (CIF) - 2022
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela (CIF) - 2022

In 2022, the average import price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $1.7 per square meter, increasing by 8.2% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when the average import price increased by 33%. Over the period under review, average import prices reached the peak figure at $3 per square meter in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4.1 per square meter), while the price for China ($0.7 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.0%), while the prices for the other major suppliers experienced a decline.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela (FOB) - 2022

The average export price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $7.3 per square meter in 2022, surging by 57% against the previous year. In general, the export price posted buoyant growth. The growth pace was the most rapid in 2018 when the average export price increased by 199%. As a result, the export price attained the peak level of $8 per square meter. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($21 per square meter), while the average price for exports to the United States ($3.1 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela

In 2022, supplies from abroad of textile fabrics, rubberised; other than those of heading no. 5902s was finally on the rise to reach 130K square meters for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep reduction. Imports peaked at 227K square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s skyrocketed to $223K in 2022. Over the period under review, imports, however, recorded a abrupt descent. Imports peaked at $278K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Venezuela in 2022:

1. China (79.3K square meters)
2. Indonesia (14.1K square meters)
3. Colombia (8.1K square meters)
4. Panama (6.2K square meters)
5. Mexico (4.7K square meters)
6. Belgium (4.1K square meters)
7. United States (3.3K square meters)
8. United Kingdom (2.9K square meters)
9. Canada (2.7K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Venezuela

In 2022, shipments abroad of textile fabrics, rubberised; other than those of heading no. 5902s decreased by -39.2% to 59 square meters, falling for the second year in a row after two years of growth. In general, exports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, the exports attained the peak of 652 square meters. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s declined modestly to $432 in 2022. Overall, exports saw a sharp shrinkage. Over the period under review, the exports of attained the maximum at $2.7K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Venezuela in 2022:

1. United States (25.0 square meters)
2. Aruba (24.0 square meters)
3. South Africa (10.0 square meters)

Source: IndexBox Market Intelligence Platform