Report Venezuela - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Venezuela - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Smart Card Market 2025

Smart Card Market Size in Venezuela

The Venezuelan smart card market reduced slightly to $X in 2022, with a decrease of -1.7% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2019 indices. Smart card consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Smart Card Production in Venezuela

In value terms, smart card production reduced to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 123%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Smart Card Exports

Exports from Venezuela

In 2022, after two years of decline, there was significant growth in overseas shipments of cards incorporating an electronic integrated circuit (smart card), when their volume increased by 6.9% to X units. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 823% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, smart card exports expanded notably to $X in 2022. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 630%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for smart card exports from Venezuela, with a 97% share of total exports. It was followed by Bolivia (X units), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa was relatively modest.

In value terms, South Africa ($X) emerged as the key foreign market for cards incorporating an electronic integrated circuit (smart card) exports from Venezuela, comprising 97% of total exports. The second position in the ranking was held by Bolivia ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2022, the average smart card export price amounted to $X per unit, with an increase of 4.6% against the previous year. Over the period under review, the export price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 186% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Bolivia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.5%), while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Venezuela

In 2022, purchases abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -25.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 55% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, smart card imports declined significantly to $X in 2022. Over the period under review, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 243% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units), China (X units) and Germany (X units) were the main suppliers of smart card imports to Venezuela, with a combined 89% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of -1.2%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of cards incorporating an electronic integrated circuit (smart card) to Venezuela, comprising 39% of total imports. The second position in the ranking was held by Brazil ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-12.4% per year) and China (-14.1% per year).

Import Prices by Country

The average smart card import price stood at $X per unit in 2022, falling by -13.4% against the previous year. Over the period under review, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 121%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

South Africa remains the largest smart card consuming country worldwide, comprising approx. 93% of total volume.
South Africa remains the largest smart card producing country worldwide, accounting for 93% of total volume. It was followed by China, with a 2.5% share of total production.
In value terms, Germany constituted the largest supplier of smart card to Venezuela.
In 2021, the average smart card export price amounted to $11 per unit, with an increase of 137% against the previous year.
In 2021, the average smart card import price amounted to $0.8 per unit, which is down by -3.4% against the previous year.

This report provides an in-depth analysis of the smart card market 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 26123000 - Smart cards

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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