Pumps; Parts Thereof Price in Venezuela - 2022
Contents:
- Pumps; Parts Thereof Price in Venezuela (CIF) - 2022
- Pumps; Parts Thereof Price in Venezuela (FOB) - 2022
- Pumps; Parts Thereof Imports in Venezuela
- Pumps; Parts Thereof Exports in Venezuela
Pumps; Parts Thereof Price in Venezuela (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $7,383 per ton, surging by 9% against the previous year. In general, the import price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 53%. The import price peaked at $37,518 per ton in 2016; however, from 2017 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 Canada ($59,360 per ton), while the price for Brazil ($3,307 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Venezuela (FOB) - 2022
In 2022, the average pumps; parts thereof export price amounted to $28,322 per ton, jumping by 34% against the previous year. Overall, the export price posted a pronounced increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 101%. As a result, the export price reached the peak level of $55,439 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +54.0% per year.
Pumps; Parts Thereof Imports in Venezuela
In 2022, the amount of pumps; parts thereoves imported into Venezuela contracted to 684 tons, approximately reflecting 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 189% against the previous year.
In value terms, pumps; parts thereof imports stood at $5.1M in 2022. Over the period under review, imports saw a sharp slump.
| Import of Pumps; Parts Thereof in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 0.4 | 2.6 | 2.6 | 15.2% |
| Brazil | 1.2 | 0.3 | 1.3 | 0.8 | -12.6% |
| United States | 9.3 | 2.9 | 0.4 | 0.5 | -62.3% |
| Canada | 5.3 | N/A | N/A | 0.4 | -57.7% |
| Pakistan | N/A | N/A | N/A | 0.2 | 0% |
| Others | 4.1 | 1.1 | 0.4 | 0.6 | -47.3% |
| Total | 21.6 | 4.7 | 4.7 | 5.1 | -38.2% |
Top Suppliers of Pumps; Parts Thereof to Venezuela in 2022:
- China (387.8 tons)
- Brazil (234.6 tons)
- Pakistan (31.3 tons)
- United States (10.4 tons)
- Canada (6.6 tons)
Pumps; Parts Thereof Exports in Venezuela
In 2022, the amount of pumps; parts thereoves exported from Venezuela contracted to 177 kg, shrinking by -6.8% on the previous year. In general, exports showed a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 9.8%.
In value terms, pumps; parts thereof exports skyrocketed to $5K in 2022. Over the period under review, exports showed a sharp contraction.
| Export of Pumps; Parts Thereof in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | 4.2 | N/A | 5.0 | 9.1% |
| Norway | 2.1 | 0.2 | N/A | N/A | -90.5% |
| Saint Vincent and the Grenadines | 8.6 | N/A | N/A | N/A | 0% |
| Sweden | 2.4 | N/A | N/A | N/A | 0% |
| India | 19.5 | N/A | N/A | N/A | 0% |
| Panama | 13.1 | N/A | 0.2 | N/A | -87.6% |
| Czech Republic | N/A | 2.3 | 2.4 | N/A | 4.3% |
| Others | 1.1 | 2.9 | 1.5 | N/A | 16.8% |
| Total | 46.9 | 9.6 | 4.0 | 5.0 | -52.6% |
Top Export Markets for Pumps; Parts Thereof from Venezuela in 2022:
- Dominican Republic (177.0 kg)
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