Price for Navigational Instruments and Appliances; Parts and Accessories in Venezuela - 2022

Contents:

1. Price for Navigational Instruments and Appliances; Parts and Accessories in Venezuela (CIF) - 2022
2. Price for Navigational Instruments and Appliances; Parts and Accessories in Venezuela (FOB) - 2022
3. Imports of Navigational Instruments and Appliances; Parts and Accessories in Venezuela
4. Exports of Navigational Instruments and Appliances; Parts and Accessories in Venezuela

Price for Navigational Instruments and Appliances; Parts and Accessories in Venezuela (CIF) - 2022

The average import price for navigational instruments and appliances; parts and accessorieses stood at $559,538 per ton in 2022, growing by 27% against the previous year. In general, the import price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 an increase of 62%. Over the period under review, average import prices reached the peak figure at $992,214 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 ($2,518,000 per ton), while the price for Denmark ($2,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Navigational Instruments and Appliances; Parts and Accessories in Venezuela (FOB) - 2022

In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $177,364 per ton, waning by -7.2% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 71%. The export price peaked at $304,107 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($424,000 per ton), while the average price for exports to Panama ($91,000 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 the United States (+5.6%), while the prices for the other major destinations experienced a decline.

Imports of Navigational Instruments and Appliances; Parts and Accessories in Venezuela

For the fourth consecutive year, Venezuela recorded growth in overseas purchases of navigational instruments and appliances; parts and accessorieses, which increased by 8.3% to 26 kg in 2022. The total import volume increased at an average annual rate of +11.0% over the period 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 2021 when imports increased by 26%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of navigational instruments and appliances; parts and accessorieses skyrocketed to $15K in 2022. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Venezuela in 2022:

1. France (4.0 kg)
2. Netherlands (3.0 kg)
3. Italy (3.0 kg)
4. Panama (3.0 kg)
5. Canada (1.0 kg)
6. Brazil (1.0 kg)
7. Denmark (1.0 kg)
8. Greece (1.0 kg)
9. India (1.0 kg)
10. China (1.0 kg)
11. Japan (1.0 kg)
12. Germany (1.0 kg)
13. Norway (1.0 kg)

Exports of Navigational Instruments and Appliances; Parts and Accessories in Venezuela

For the third year in a row, Venezuela recorded decline in overseas shipments of navigational instruments and appliances; parts and accessorieses, which decreased by -62.1% to 11 kg in 2022. Over the period under review, exports showed a precipitous decline. The smallest decline of -36% was in 2020.

In value terms, exports of navigational instruments and appliances; parts and accessorieses dropped markedly to $2K in 2022. In general, exports recorded a dramatic contraction. The smallest decline of -40.7% was in 2020.

Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Venezuela in 2022:

1. United States (6.0 kg)
2. Panama (4.0 kg)
3. Greece (1.0 kg)

Source: IndexBox Market Intelligence Platform