Venezuela: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Venezuela

For the third year in a row, the Venezuelan market for instrument panel and wall clocks recorded decline in sales value, which decreased by -X% to $X in 2020. Overall, consumption, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2010 to 2020, the growth of the market failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Venezuela

For the third consecutive year, Venezuela recorded decline in shipments abroad of instrument panel and wall clocks, which decreased by -X% to X kg in 2020. Overall, exports showed a precipitous decrease. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, instrument panel and wall clock exports rose to $X in 2020. Over the period under review, exports faced a deep slump. The growth pace was the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports attained the maximum at $X in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

Exports by Country

Costa Rica (X kg) was the main destination for instrument panel and wall clock exports from Venezuela, accounting for a X% share of total exports. Moreover, instrument panel and wall clock exports to Costa Rica exceeded the volume sent to the second major destination, Aruba (X kg), eightfold. The third position in this ranking was occupied by the Netherlands (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Costa Rica totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-X% per year) and the Netherlands (+X% per year).

In value terms, the largest markets for instrument panel and wall clock exported from Venezuela were Panama ($X), Aruba ($X) and Spain ($X), together accounting for X% of total exports. These countries were followed by the Netherlands, France and Costa Rica, which together accounted for a further X recorded 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 more modest paces of growth.

Export Prices by Country

The average export price for instrument panel and wall clocks stood at $X per ton in 2020, picking up by X% against the previous year. In general, the export price posted strong growth. The pace of growth was the most pronounced in 2012 an increase of X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Panama ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Panama, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Venezuela

In 2020, imports of instrument panel and wall clocks into Venezuela expanded notably to X tons, increasing by X% on the previous year. Over the period under review, imports, however, recorded a sharp setback. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2010 to 2020, the growth imports failed to regain the momentum.

In value terms, instrument panel and wall clock imports contracted to $X in 2020. In general, imports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) was the main instrument panel and wall clock supplier to Venezuela, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%.

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Venezuela.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at +X%.

Import Prices by Country

The average import price for instrument panel and wall clocks stood at $X per ton in 2020, falling by -X% against the previous year. Overall, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2019, and then contracted markedly in the following year.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to +X% per year.

Source: IndexBox Platform

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