Venezuela: Table-Tennis Equipment Market 2024

Table-Tennis Equipment Market Size in Venezuela

After two years of decline, the Venezuelan table-tennis equipment market increased by 8.6% to $X in 2022. In general, consumption, however, saw a dramatic shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Table-Tennis Equipment Exports

Exports from Venezuela

For the sixth year in a row, Venezuela recorded decline in shipments abroad of articles and equipment for table-tennis, which decreased by 0% to less than X kg in 2021. Overall, exports posted a perceptible increase. The pace of growth appeared the most rapid in 2015 when exports increased by 204% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, table-tennis equipment exports stood at $X in 2021. Over the period under review, exports continue to indicate a precipitous decrease. The smallest decline of -8.6% was in 2016. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X kg), Trinidad and Tobago (X kg) and Bolivia (X kg) were the main destinations of table-tennis equipment exports from Venezuela.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) emerged as the key foreign market for articles and equipment for table-tennis exports from Venezuela, comprising 83% of total exports. The second position in the ranking was held by Trinidad and Tobago ($X), with a 10% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (0.0% per year) and Bolivia (-41.7% per year).

Export Prices by Country

In 2019, the average table-tennis equipment export price amounted to $X per ton, reducing by -27.7% against the previous year. Overall, the export price faced a significant decrease. The most prominent rate of growth was recorded in 2017 an increase of 128% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+16.6%), while the prices for the other major destinations experienced a decline.

Table-Tennis Equipment Imports

Imports into Venezuela

In 2022, supplies from abroad of articles and equipment for table-tennis was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a sharp decline. The pace of growth was the most pronounced in 2013 when imports increased by 15% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, table-tennis equipment imports expanded remarkably to $X in 2022. In general, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 29% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Panama (X kg) were the main suppliers of table-tennis equipment imports to Venezuela, together accounting for 82% of total imports. Sweden, the United States, Spain, Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +18.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest table-tennis equipment suppliers to Venezuela were Sweden ($X), the United States ($X) and Panama ($X), with a combined 73% share of total imports. China, Spain, Taiwan (Chinese), Hong Kong SAR and Germany lagged somewhat behind, together accounting for a further 23%.

Among the main suppliers, Spain, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average table-tennis equipment import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 152% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained 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 the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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