Report Update: May 1, 2024

Venezuela - Machine Tools For Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Machine Tool for Metal in Venezuela - 2022

Price for Machine Tool for Metal in Venezuela (CIF) - 2022

In 2022, the average machine tool for metal import price amounted to $905 per unit, reducing by -3.8% against the previous year. In general, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 48%. As a result, import price attained the peak level of $1,998 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 Argentina ($3,550 per unit), while the price for Panama ($82 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (-1.3%), while the prices for the other major suppliers experienced a decline.

Price for Machine Tool for Metal in Venezuela (FOB) - 2022

The average machine tool for metal export price stood at $1,784 per unit in 2022, growing by 26% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tool for metal export price increased by +139.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 127% against the previous year. Over the period under review, the average export prices hit record highs at $2,136 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Panama ($3,468 per unit), while the average price for exports to Colombia ($53 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 Panama (+16.2%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tool for Metal in Venezuela

In 2022, after three years of growth, there was significant decline in purchases abroad of machine tools for working metal without removing metal, when their volume decreased by -17.9% to 142 units. Overall, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 176% against the previous year. Over the period under review, imports reached the maximum at 173 units in 2021, and then declined sharply in the following year.

In value terms, machine tool for metal imports contracted remarkably to $129K in 2022. In general, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 262%. Imports peaked at $163K in 2021, and then fell rapidly in the following year.

Import of Machine Tool for Metal in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Argentina	15.8	58.1	96.5	81.6	72.9%
Spain	4.3	15.8	26.2	22.1	72.6%
Portugal	2.8	10.5	17.4	14.7	73.8%
United States	0.4	1.5	2.4	2.8	91.3%
China	0.1	0.6	9.7	0.1	0.0%
Others	2.7	7.9	10.6	7.1	38.0%
Total	26.0	94.4	163	129	70.6%

Top Suppliers of Machine Tool for Metal to Venezuela in 2022:

Spain (76.0 units)
Argentina (23.0 units)
Portugal (17.0 units)
United States (10.0 units)
China (1.0 units)

Exports of Machine Tool for Metal in Venezuela

Machine tool for metal exports from Venezuela dropped rapidly to 3 units in 2022, falling by -25% on 2021 figures. Over the period under review, exports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. The exports peaked at 6 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, machine tool for metal exports fell to $5.4K in 2022. The total export value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13%. Over the period under review, the exports reached the maximum at $5.6K in 2021, and then reduced in the following year.

Export of Machine Tool for Metal in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	2.5	3.2	2.0	3.5	11.9%
United States	1.5	1.8	1.1	1.8	6.3%
Colombia	0.1	0.1	N/A	0.1	0.0%
New Zealand	N/A	N/A	2.5	N/A	0%
Chile	0.1	N/A	N/A	N/A	0%
Costa Rica	0.3	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	4.5	5.1	5.6	5.4	6.3%

Top Export Markets for Machine Tool for Metal from Venezuela in 2022:

United States (1.0 units)
Panama (1.0 units)
Colombia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine tool for metal 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 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023