Venezuela: Market for Air conditioning Machines without Refrigeration Unit 2025

Market Size for Air conditioning Machines without Refrigeration Unit in Venezuela

The Venezuelan market for air conditioning machines without refrigeration unit contracted remarkably to $X in 2022, declining by -35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a dramatic descent. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Air conditioning Machines without Refrigeration Unit

Exports from Venezuela

In 2022, approx. less than X units of air conditioning machines without refrigeration unit were exported from Venezuela; waning by 99.9% compared with the previous year's figure. In general, exports showed a relatively flat trend pattern. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, exports of air conditioning machines without refrigeration unit fell notably to $X in 2022. Over the period under review, exports, however, recorded slight growth. The most prominent rate of growth was recorded in 2021 when exports increased by 204% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Costa Rica (X units) was the main destination for exports of air conditioning machines without refrigeration unit from Venezuela, accounting for a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Costa Rica was relatively modest.

In value terms, Costa Rica ($X) also remains the key foreign market for air conditioning machines without refrigeration unit exports from Venezuela.

From 2013 to 2021, the average annual growth rate of value to Costa Rica totaled -5.0%.

Export Prices by Country

In 2022, the average export price for air conditioning machines without refrigeration unit amounted to $X per unit, rising by 29,270% against the previous year. Over the period under review, the export price saw a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -0.9% per year.

Imports of Air conditioning Machines without Refrigeration Unit

Imports into Venezuela

In 2022, the amount of air conditioning machines without refrigeration unit imported into Venezuela contracted dramatically to X units, which is down by -38.1% compared with the previous year's figure. Overall, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2019 when imports increased by 449% against the previous year. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of air conditioning machines without refrigeration unit declined sharply to $X in 2022. In general, imports recorded a significant decline. The pace of growth was the most pronounced in 2019 when imports increased by 351%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Mexico (X units), Panama (X units) and Hong Kong SAR (X units) were the main suppliers of imports of air conditioning machines without refrigeration unit to Venezuela, with a combined 64% share of total imports. France, the United States, Thailand, China, Italy and Brazil lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of -13.3%), while purchases for the other leaders experienced a decline.

In value terms, Mexico ($X), France ($X) and the United States ($X) appeared to be the largest air conditioning machins without refrigeration unit suppliers to Venezuela, together accounting for 73% of total imports.

Mexico, with a CAGR of -7.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for air conditioning machines without refrigeration unit stood at $X per unit in 2022, picking up by 6.1% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for air conditioning machines without refrigeration unit increased by +84.4% against 2019 indices. The growth pace was the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Spain ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform