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Venezuela - Electrical Transformers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVenezuela: Electrical Transformer Market 2024
Electrical Transformer Market Size in Venezuela
In 2023, the Venezuelan electrical transformer market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. Over the period under review, consumption showed a deep setback. Electrical transformer consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.
Electrical Transformer Production in Venezuela
In value terms, electrical transformer production reached $X in 2023 estimated in export price. In general, production, however, saw a abrupt setback. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Electrical transformer production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.
Electrical Transformer Exports
Exports from Venezuela
In 2023, the amount of electrical transformers exported from Venezuela shrank dramatically to X units, waning by X% compared with the previous year. Over the period under review, exports showed a slight setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.
In value terms, electrical transformer exports fell to $X in 2023. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2022, and then reduced in the following year.
Exports by Country
Cuba (X units) was the main destination for electrical transformer exports from Venezuela, accounting for a X% share of total exports. Moreover, electrical transformer exports to Cuba exceeded the volume sent to the second major destination, the United States (X units), twofold. The Czech Republic (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Cuba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Czech Republic (X% per year).
In value terms, Cuba ($X) remains the key foreign market for electrical transformers exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Cuba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Colombia (X% per year).
Export Prices by Country
In 2023, the average electrical transformer export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The export price peaked in 2023 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Electrical Transformer Imports
Imports into Venezuela
In 2023, electrical transformer imports into Venezuela contracted notably to X units, waning by X% against 2022 figures. Overall, imports recorded a precipitous decline. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.
In value terms, electrical transformer imports contracted to $X in 2023. Over the period under review, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.
Imports by Country
In 2023, China (X units) was the main supplier of electrical transformer to Venezuela, with a X% share of total imports. It was followed by Mexico (X units), with a X% share of total imports. The United States (X units) ranked third in terms of total imports with a X% share.
From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and the United States (X% per year).
In value terms, China ($X) constituted the largest supplier of electrical transformers to Venezuela, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Colombia (X% per year).
Import Prices by Country
The average electrical transformer import price stood at $X per unit in 2023, increasing by X% against the previous year. In general, the import price saw a significant increase. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was France ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the electrical transformer market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27114120 - Liquid dielectric transformers having a power handling capacity . .650 kVA
- Prodcom 27114150 - Liquid dielectric transformers having a power handling capacity > .650 kVA but . .10 .000 kVA
- Prodcom 27114180 - Liquid dielectric transformers having a power handling capacity > .10 .000 kVA
- Prodcom 27114220 - Measuring transformers having a power handling capacity . 1 kVA (including for voltage measurement)
- Prodcom 27114240 - Other transformers, n.e.c., having a power handling capacity. 1 kVA
- Prodcom 27114260 - Other transformers, having a power handling capacity > 1 kVA but . .16 kVA
- Prodcom 27114330 - Transformers, n.e.c., having a power handling capacity > .16 kVA but . .500 kVA
- Prodcom 27114380 - Transformers, n.e.c., having a power handling capacity > .500 kVA
Country coverage:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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