Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela - 2022

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela
4. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $98,231 per ton, surging by 24% against the previous year. In general, the import price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when the average import price increased by 70% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Spain ($389,026 per ton), while the price for Japan ($12,769 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela (FOB) - 2022

The average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $24,444 per ton in 2022, picking up by 9.7% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 216% against the previous year. The export price peaked at $191,500 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($27,429 per ton), while the average price for exports to the United States ($1,000 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 Italy (+0.3%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela

For the third consecutive year, Venezuela recorded decline in overseas purchases of machine-tools; parts and accessories, tool holders and self-opening dieheadses, which decreased by -11.9% to 273 kg in 2022. In general, imports continue to indicate a significant contraction. The smallest decline of -1.9% was in 2021.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses rose sharply to $27K in 2022. Over the period under review, imports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Venezuela in 2022:

1. Taiwan (Chinese) (127.0 kg)
2. Spain (39.0 kg)
3. Belarus (31.0 kg)
4. Japan (26.0 kg)
5. China (11.0 kg)
6. Germany (10.0 kg)
7. Italy (4.0 kg)
8. United States (1.0 kg)

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Venezuela

Exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses from Venezuela surged to 9 kg in 2022, rising by 29% compared with the previous year. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. As a result, the exports reached the peak of 10 kg. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses surged to $220 in 2022. Overall, exports, however, recorded a significant decrease.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Venezuela in 2022:

1. Panama (7.0 kg)
2. United States (1.0 kg)
3. El Salvador (1.0 kg)

Source: IndexBox Market Intelligence Platform