Price for Woven Fabrics of Artificial Staple Fibres in Venezuela - 2022

Price for Woven Fabrics of Artificial Staple Fibres in Venezuela (CIF) - 2022

In 2022, the average import price for woven fabrics of artificial staple fibres amounted to $4.5 per square meter, with an increase of 3% against the previous year. In general, the import price, however, continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 146% against the previous year. As a result, import price attained the peak level of $18 per square meter. From 2016 to 2022, the average 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 Pakistan ($36 per square meter), while the price for South Korea ($0.4 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+10.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Woven Fabrics of Artificial Staple Fibres in Venezuela (FOB) - 2022

In 2022, the average export price for woven fabrics of artificial staple fibres amounted to $13 per square meter, with an increase of 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2014 when the average export price increased by 109% against the previous year. As a result, the export price reached the peak level of $41 per square meter. From 2015 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 Spain.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +10.5% per year.

Imports of Woven Fabrics of Artificial Staple Fibres in Venezuela

Imports of woven fabrics of artificial staple fibres into Venezuela reached 74K square meters in 2022, increasing by 8.5% against 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. As a result, imports reached the peak of 80K square meters. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of woven fabrics of artificial staple fibres amounted to $336K in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29%. As a result, imports reached the peak of $371K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Woven Fabrics of Artificial Staple Fibres in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	62.4	141	94.7	99.4	16.8%
Hong Kong SAR	40.8	55.7	53.4	66.9	17.9%
Pakistan	42.4	47.6	37.5	38.6	-3.1%
Taiwan (Chinese)	30.5	36.3	30.3	33.2	2.9%
United States	30.4	33.4	25.7	26.0	-5.1%
Mexico	11.4	11.7	8.5	8.0	-11.1%
South Korea	1.6	1.5	1.0	0.9	-17.5%
Others	68.2	44.6	49.5	63.0	-2.6%
Total	288	371	301	336	5.3%

Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Venezuela in 2022:

China (19.4K square meters)
Mexico (8.8K square meters)
United States (5.7K square meters)
Hong Kong SAR (5.6K square meters)
Taiwan (Chinese) (4.0K square meters)
South Korea (2.1K square meters)
Pakistan (1.1K square meters)

Exports of Woven Fabrics of Artificial Staple Fibres in Venezuela

After three years of growth, overseas shipments of woven fabrics of artificial staple fibres decreased by -24.2% to 94 square meters in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 186%. The exports peaked at 124 square meters in 2021, and then plummeted in the following year.

In value terms, exports of woven fabrics of artificial staple fibres dropped sharply to $1.2K in 2022. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 460% against the previous year. Over the period under review, the exports of attained the peak figure at $1.5K in 2021, and then declined notably in the following year.