Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela - 2022
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (CIF) - 2022
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $43,539 per ton in 2022, rising by 46% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 48%. The import price peaked at $55,239 per ton in 2020; however, from 2021 to 2022, 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 Italy ($129,616 per ton), while the price for China ($3,521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (FOB) - 2022
In 2022, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $144,868 per ton, rising by 465% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jamaica ($822,818 per ton), while the average price for exports to South Korea ($10,556 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 the United States (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela
In 2022, after three years of growth, there was significant decline in supplies from abroad of machines and mechanical appliances; parts, of those having individual functionses, when their volume decreased by -30.9% to 78 tons. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 15%.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses stood at $3.4M in 2022. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. As a result, imports reached the peak of $6.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 445 | 183 | 639 | 644 | 13.1% |
| United States | 2,385 | 4,605 | 1,469 | 480 | -41.4% |
| Germany | 364 | 308 | 461 | 448 | 7.2% |
| India | 53.3 | 1.1 | 74.6 | 407 | 96.9% |
| Austria | 11.4 | 15.4 | 5.7 | 270 | 187.2% |
| Spain | 352 | 10.6 | 173 | 139 | -26.6% |
| China | 49.2 | 62.6 | 309 | 35.8 | -10.1% |
| Canada | 158 | 216 | 2.0 | 4.5 | -69.5% |
| Panama | 71.2 | 437 | N/A | N/A | 513.8% |
| Others | 502 | 234 | 248 | 976 | 24.8% |
| Total | 4,390 | 6,072 | 3,381 | 3,403 | -8.1% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Venezuela in 2022:
- India (20.3 tons)
- United States (15.0 tons)
- Germany (11.7 tons)
- China (10.2 tons)
- Austria (6.5 tons)
- Italy (5.0 tons)
- Spain (1.7 tons)
- Canada (0.1 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela
In 2022, exports of machines and mechanical appliances; parts, of those having individual functionses from Venezuela contracted significantly to 174 kg, shrinking by -88.7% compared with the previous year's figure. In general, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 105% against the previous year.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses fell significantly to $25K in 2022. Overall, exports continue to indicate a dramatic setback. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.3 | 7.8 | 0.9 | 9.2 | 213.0% |
| Jamaica | N/A | N/A | N/A | 9.1 | 0% |
| Angola | N/A | N/A | 0.4 | 4.8 | 1100.0% |
| Czech Republic | N/A | N/A | N/A | 1.1 | 0% |
| Turkey | N/A | N/A | N/A | 0.5 | 0% |
| Singapore | N/A | 1.2 | N/A | 0.5 | -35.5% |
| South Korea | 46.7 | N/A | N/A | 0.1 | -87.1% |
| Colombia | N/A | 5.7 | N/A | N/A | 0% |
| Panama | 1.8 | N/A | 6.1 | N/A | 84.1% |
| Canada | N/A | 6.0 | N/A | N/A | 0% |
| Others | 2.1 | 2.6 | 32.1 | N/A | 291.0% |
| Total | 50.9 | 23.3 | 39.5 | 25.2 | -20.9% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Venezuela in 2022:
- India (104.0 kg)
- Angola (27.0 kg)
- Jamaica (11.0 kg)
- Singapore (11.0 kg)
- South Korea (9.0 kg)
- Turkey (6.0 kg)
- Czech Republic (6.0 kg)
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