Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Venezuela - 2022

Contents:

1. Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Venezuela (CIF) - 2022
2. Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Venezuela

Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Venezuela (CIF) - 2022

The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $25 thousand per unit in 2022, dropping by -31.9% against the previous year. Over the period under review, the import price, however, recorded noticeable growth. The growth pace was the most rapid in 2017 when the average import price increased by 106%. Over the period under review, average import prices attained the peak figure at $40 thousand per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Democratic People's Republic of Korea ($51 thousand per unit), while the price for the Netherlands ($8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Venezuela

In 2022, approx. 24 units of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion were imported into Venezuela; declining by -57.9% compared with 2021. In general, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of 57 units, and then reduced markedly in the following year.

In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion dropped dramatically to $589K in 2022. Overall, imports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports attained the peak of $2.1M, and then declined markedly in the following year.

Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Venezuela in 2022:

1. Democratic People's Republic of Korea (4.0 units)
2. South Korea (3.0 units)
3. China (2.0 units)
4. Brazil (1.0 units)
5. Netherlands (1.0 units)
6. Italy (1.0 units)
7. Singapore (1.0 units)
8. Panama (1.0 units)
9. Japan (1.0 units)
10. France (1.0 units)
11. Aruba (1.0 units)
12. Colombia (1.0 units)
13. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform