Venezuela: Amplifier Market 2024

Amplifier Market Size in Venezuela

The Venezuelan amplifier market skyrocketed to $X in 2022, jumping by 16% 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). Over the period under review, consumption, however, faced a precipitous shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Amplifier Exports

Exports from Venezuela

In 2022, overseas shipments of amplifiers were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 758%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, amplifier exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when exports increased by 495%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Guatemala (X units) was the main destination for amplifier exports from Venezuela, with a 44% share of total exports. Moreover, amplifier exports to Guatemala exceeded the volume sent to the second major destination, the United States (X units), fourfold. The third position in this ranking was held by Colombia (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Guatemala stood at +15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.8% per year) and Colombia (-11.0% per year).

In value terms, the largest markets for amplifier exported from Venezuela were Panama ($X), Guatemala ($X) and Colombia ($X), with a combined 86% share of total exports.

Guatemala, with a CAGR of +4.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average amplifier export price stood at $X per unit in 2022, shrinking by -4.2% against the previous year. In general, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 64%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Thailand ($X 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 (+6.8%), while the prices for the other major destinations experienced a decline.

Amplifier Imports

Imports into Venezuela

In 2022, amplifier imports into Venezuela surged to X units, rising by 44% on the year before. In general, imports, however, saw a sharp descent. The pace of growth was the most pronounced in 2017 with an increase of 118%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, amplifier imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed a precipitous contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 216%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of amplifier to Venezuela, accounting for a 72% share of total imports. Moreover, amplifier imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The third position in this ranking was taken by the United States (X units), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -31.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.5% per year) and the United States (-38.2% per year).

In value terms, the largest amplifier suppliers to Venezuela were Japan ($X), China ($X) and the United States ($X), together accounting for 62% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +1.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average amplifier import price amounted to $X per unit, which is down by -42.3% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :