Venezuela: Crane Market 2025

Crane Market Size in Venezuela

The Venezuelan crane market dropped to $X in 2022, declining by -3.4% against the previous year. Overall, consumption recorded a noticeable slump. Crane consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crane Production in Venezuela

In value terms, crane production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Crane Exports

Exports from Venezuela

After three years of decline, shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane increased by 105% to X units in 2022. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by 298%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, crane exports skyrocketed to $X in 2022. In general, exports, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 469% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units), Italy (X units) and Colombia (X units) were the main destinations of crane exports from Venezuela, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +51.6%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for crane exported from Venezuela were Panama ($X), Italy ($X) and Saint Vincent and the Grenadines ($X), with a combined 94% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +15.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average crane export price stood at $X per unit in 2022, picking up by 15% against the previous year. Over the period under review, the export price, however, showed a deep contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saint Vincent and the Grenadines ($X per unit), while the average price for exports to Colombia ($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 Indonesia (+43.1%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Venezuela

In 2022, supplies from abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -18.4% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 148% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports shrank dramatically to $X in 2022. Over the period under review, imports showed a sharp downturn. The pace of growth was the most pronounced in 2020 when imports increased by 156% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Sweden (X units) and Poland (X units) were the main suppliers of crane imports to Venezuela, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +14.0%), while imports for the other leaders experienced a decline.

In value terms, Sweden ($X) constituted the largest supplier of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane to Venezuela, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Poland, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-21.5% per year) and Poland (+27.5% per year).

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, 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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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