Venezuela: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Venezuela

The Venezuelan trailer and semi-trailer market shrank modestly to $X in 2022, declining by -2.8% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 -8.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Trailer And Semi-Trailer Production in Venezuela

In value terms, trailer and semi-trailer production dropped slightly to $X in 2022 estimated in export price. Overall, production posted a pronounced increase. The growth pace was the most rapid in 2017 with an increase of 32%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Trailer And Semi-Trailer Exports

Exports from Venezuela

In 2022, trailer and semi-trailer exports from Venezuela soared to X units, increasing by 19% on the year before. Over the period under review, exports, however, showed a sharp descent. The most prominent rate of growth was recorded in 2015 with an increase of 76%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports totaled $X in 2022. In general, exports, however, recorded a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of 59%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X units) was the main destination for trailer and semi-trailer exports from Venezuela, with a 64% share of total exports. Moreover, trailer and semi-trailer exports to Colombia exceeded the volume sent to the second major destination, the Dominican Republic (X units), fivefold. The third position in this ranking was held by the United States (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (-24.7% per year) and the United States (-12.9% per year).

In value terms, Colombia ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Venezuela, comprising 96% of total exports. The second position in the ranking was held by Saint Vincent and the Grenadines ($X), with a 2.6% share of total exports. It was followed by the Dominican Republic, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value to Colombia amounted to -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (-19.1% per year) and the Dominican Republic (-29.9% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, with a decrease of -13.6% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 249% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Costa Rica ($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 Saint Vincent and the Grenadines (+14.4%), while the prices for the other major destinations experienced mixed trend patterns.

Trailer And Semi-Trailer Imports

Imports into Venezuela

Trailer and semi-trailer imports into Venezuela rose notably to X units in 2022, with an increase of 12% against 2021 figures. Over the period under review, imports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by 162% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, trailer and semi-trailer imports reduced to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 127%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), China (X units) and Mexico (X units) were the main suppliers of trailer and semi-trailer imports to Venezuela, together accounting for 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of 0.0%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of cargo trailers and semi-trailers to Venezuela, comprising 78% of total imports. The second position in the ranking was held by Mexico ($X), with a 9.8% share of total imports. It was followed by China, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.1% per year) and China (-22.5% per year).

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, reducing by -10.7% against the previous year. In general, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 126% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform