Venezuela: Market for Cabinets And Cases For Transmission And Reception Apparatus 2024

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Venezuela

The Venezuelan receivers and transmitters case market dropped markedly to $X in 2021, with a decrease of -77.6% 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). In general, consumption continues to indicate a significant contraction. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Venezuela

In 2021, the amount of cabinets and cases for transmission and reception apparatus exported from Venezuela declined remarkably to X units, reducing by -79.5% against the previous year's figure. Overall, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 225% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then shrank remarkably in the following year.

In value terms, receivers and transmitters case exports shrank significantly to $X in 2021. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 251% against the previous year. As a result, the exports reached the peak of $X, and then shrank remarkably in the following year.

Exports by Country

The Netherlands (X units), Singapore (X units) and Malaysia (X units) were the main destinations of receivers and transmitters case exports from Venezuela, together accounting for 56% of total exports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +12.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for cabinets and cases for transmission and reception apparatus exports from Venezuela, comprising 63% of total exports. The second position in the ranking was held by Germany ($X), with a 5.8% share of total exports. It was followed by Malaysia, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands amounted to +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+66.3% per year) and Malaysia (+42.5% per year).

Export Prices by Country

In 2021, the average receivers and transmitters case export price amounted to $X per unit, picking up by 87% against the previous year. Overall, the export price posted significant growth. The pace of growth appeared the most rapid in 2015 an increase of 252% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+44.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Venezuela

In 2021, receivers and transmitters case imports into Venezuela contracted rapidly to X units, falling by -79.5% compared with the previous year. In general, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 371%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, receivers and transmitters case imports declined dramatically to $X in 2021. Overall, imports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2016 with an increase of 556%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Russia (X units), China (X units) and Greece (X units) were the main suppliers of receivers and transmitters case imports to Venezuela, with a combined 59% share of total imports. Panama, Slovakia, the United States, the Netherlands and Mexico lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of -22.3%), while imports for the other leaders experienced a decline.

In value terms, the Netherlands ($X) constituted the largest supplier of cabinets and cases for transmission and reception apparatus to Venezuela, comprising 73% of total imports. The second position in the ranking was held by Russia ($X), with an 8.3% share of total imports. It was followed by Greece, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled -25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-43.6% per year) and Greece (-77.1% per year).

Import Prices by Country

The average receivers and transmitters case import price stood at $X per unit in 2021, surging by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 90% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, 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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform