Report Update Nov 1, 2024

Venezuela - Continuous and Discontinuous Totalisers - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Totaliser Market 2024

Totaliser Market Size in Venezuela

After two years of decline, the Venezuelan totaliser market increased by 19% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Totaliser Production in Venezuela

In value terms, totaliser production surged to $X in 2021 estimated in export price. Overall, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -30.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 55%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Totaliser Exports

Exports from Venezuela

In 2020, approx. X units of continuous and discontinuous totalisers were exported from Venezuela; approximately mirroring the previous year. Over the period under review, exports showed a precipitous descent. The smallest decline of 99.9% was in 2013. The exports peaked at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, totaliser exports totaled $X in 2020. In general, exports showed a sharp curtailment. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Trinidad and Tobago (X units) was the main destination for totaliser exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to Trinidad and Tobago was relatively modest.

From 2012 to 2020, the average annual rate of growth in terms of value to Trinidad and Tobago was relatively modest.

Export Prices by Country

The average totaliser export price stood at $X per unit in 2020, almost unchanged from the previous year. In general, the export price showed a significant decrease. The growth pace was the most rapid in 2013 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.

From 2012 to 2020, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Totaliser Imports

Imports into Venezuela

In 2021, supplies from abroad of continuous and discontinuous totalisers increased by 43% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2016 when imports increased by 4,533%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, totaliser imports surged to $X in 2021. In general, imports, however, recorded a sharp contraction. The pace of growth was the most pronounced in 2016 when imports increased by 2,917%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X units) constituted the largest totaliser supplier to Venezuela, accounting for a 40% share of total imports. Moreover, totaliser imports from Switzerland exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland stood at +8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-25.7% per year) and the United States (-21.2% per year).

In value terms, Switzerland ($X), Spain ($X) and the United States ($X) constituted the largest totaliser suppliers to Venezuela, with a combined 77% share of total imports.

Switzerland, with a CAGR of +0.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average totaliser import price amounted to $X per unit, with an increase of 26% against the previous year. Overall, the import price, however, showed a abrupt decline. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for continuous and discontinuous totalisers in the world?

South Africa constituted the country with the largest volume of totaliser consumption, accounting for 60% of total volume. Moreover, totaliser consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, ninefold. The United States ranked third in terms of total consumption with a 4.4% share.

What are the largest producers of continuous and discontinuous totalisers in the world?

China constituted the country with the largest volume of totaliser production, accounting for 23% of total volume. Moreover, totaliser production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Germany, with a 6.6% share.

What are the leading suppliers of continuous and discontinuous totalisers to Venezuela?

In value terms, the United States, Brazil and Italy were the largest totaliser suppliers to Venezuela, with a combined 75% share of total imports. These countries were followed by China, which accounted for a further 3%.

What is the average import price for continuous and discontinuous totalisers in Venezuela?

In 2021, the average totaliser import price amounted to $7,399 per unit, with a decrease of -23% against the previous year.

This report provides an in-depth analysis of the totaliser 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 28293130 - Continuous and discontinuous totalisers

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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023