Price for Tools, Hand; Other than Household Tools in Venezuela - 2022

Contents:

  1. Price for Tools, Hand; Other than Household Tools in Venezuela (CIF) - 2022
  2. Price for Tools, Hand; Other than Household Tools in Venezuela (FOB) - 2022
  3. Imports of Tools, Hand; Other than Household Tools in Venezuela
  4. Exports of Tools, Hand; Other than Household Tools in Venezuela

Price for Tools, Hand; Other than Household Tools in Venezuela (CIF) - 2022

The average import price for tools, hand; other than household toolses stood at $10,099 per ton in 2022, jumping by 18% against the previous year. Over the period under review, the import price showed pronounced growth. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. The import price peaked at $16,495 per ton in 2019; however, from 2020 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 the United States ($28,380 per ton), while the price for China ($8,396 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tools, Hand; Other than Household Tools in Venezuela (FOB) - 2022

The average export price for tools, hand; other than household toolses stood at $80,698 per ton in 2022, growing by 221% against the previous year. Overall, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($287,111 per ton), while the average price for exports to Chile totaled $46,296 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+106.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tools, Hand; Other than Household Tools in Venezuela

In 2022, imports of tools, hand; other than household toolses into Venezuela surged to 253 tons, jumping by 30% against the previous year's figure. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 151%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of tools, hand; other than household toolses skyrocketed to $2.6M in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 68%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Tools, Hand; Other than Household Tools in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1272826951,792141.6%
United States838226594519-14.8%
Colombia17.03.129.175.364.2%
Spain20.661.113931.615.3%
LebanonN/AN/A52.47.6-85.5%
South Korea109N/AN/AN/A0%
Panama306314N/AN/A2.6%
Others89.197.114612913.1%
Total1,5069831,6562,55419.3%

Top Suppliers of Tools, Hand; Other than Household Tools to Venezuela in 2022:

  1. China (213.4 tons)
  2. United States (18.3 tons)
  3. Colombia (8.9 tons)
  4. Lebanon (2.4 tons)
  5. Spain (1.6 tons)

Exports of Tools, Hand; Other than Household Tools in Venezuela

In 2022, the amount of tools, hand; other than household toolses exported from Venezuela reduced markedly to 63 kg, waning by -65.8% compared with 2021 figures. In general, exports saw a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 229%.

In value terms, exports of tools, hand; other than household toolses rose significantly to $5.1K in 2022. Over the period under review, exports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 316%.

Export of Tools, Hand; Other than Household Tools in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El SalvadorN/AN/AN/A2.60%
ChileN/A1.03.12.558.1%
Costa Rica0.2N/AN/AN/A0%
Guyana1.0N/AN/AN/A0%
Panama36.10.1N/AN/A-99.7%
Jamaica2.0N/AN/AN/A0%
Others1.9N/A1.5N/A-11.1%
Total41.21.14.65.1-50.2%

Top Export Markets for Tools, Hand; Other than Household Tools from Venezuela in 2022:

  1. Chile (54.0 kg)
  2. El Salvador (9.0 kg)

Source: IndexBox Market Intelligence Platform

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