Price for Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela - 2022
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (FOB) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (CIF) - 2022
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $3,833 per unit, dropping by -53.6% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth was the most pronounced in 2019 an increase of 45%. As a result, the export price attained the peak level of $24,389 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($60,671 per unit), while the average price for exports to Costa Rica ($1,469 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $744 per unit in 2022, reducing by -15.4% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2014 an increase of 119%. Over the period under review, average import prices attained the maximum at $2,493 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,159 per unit), while the price for Spain ($157 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela
For the fourth year in a row, Venezuela recorded growth in shipments abroad of reciprocating or rotary internal combustion piston engineses, which increased by 27% to 1.9K units in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 187%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of reciprocating or rotary internal combustion piston engineses fell markedly to $8.2M in 2022. Over the period under review, exports showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 108%. As a result, the exports attained the peak of $12M, and then declined significantly in the following year.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.6 | 2.0 | 0.1 | 2.5 | 16.0% |
| Panama | 0.7 | 1.2 | 0.1 | 2.3 | 48.7% |
| Guyana | 0.6 | 1.1 | 0.1 | 2.1 | 51.8% |
| Spain | 1.0 | 1.2 | 0.1 | 0.7 | -11.2% |
| Japan | 0.2 | 0.3 | N/A | 0.4 | 26.0% |
| Costa Rica | N/A | N/A | N/A | 0.1 | 0% |
| Iran | N/A | N/A | 11.9 | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 4.1 | 5.9 | 12.3 | 8.2 | 26.0% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Venezuela in 2022:
- Panama (828.0 units)
- Guyana (755.0 units)
- Japan (162.0 units)
- United States (42.0 units)
- Costa Rica (41.0 units)
- Spain (38.0 units)
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela
In 2022, approx. 7.4K units of reciprocating or rotary internal combustion piston engineses were imported into Venezuela; picking up by 5.9% compared with 2021 figures. The total import volume increased at an average annual rate of +8.2% 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 with an increase of 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of reciprocating or rotary internal combustion piston engineses declined to $5.6M in 2022. Overall, imports, however, continue to indicate a abrupt decline. The smallest decline of -7.6% was in 2021. Over the period under review, imports of hit record highs at $7.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,549 | 2,193 | 2,292 | 2,192 | -14.8% |
| Iran | 596 | 2,113 | 1,030 | 964 | 17.4% |
| China | 442 | 322 | 565 | 653 | 13.9% |
| Germany | 570 | 606 | 572 | 451 | -7.5% |
| Ukraine | 258 | 308 | 326 | 288 | 3.7% |
| Mexico | 205 | 177 | 136 | 86.5 | -25.0% |
| Spain | 11.4 | 69.8 | 121 | 81.9 | 93.0% |
| Others | 2,117 | 931 | 1,168 | 865 | -25.8% |
| Total | 7,749 | 6,719 | 6,210 | 5,581 | -10.4% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Venezuela in 2022:
- China (3010.0 units)
- Iran (1284.0 units)
- Germany (600.0 units)
- Japan (527.0 units)
- Spain (520.0 units)
- Ukraine (384.0 units)
- Mexico (212.0 units)
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