Venezuela: Market for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA 2025

Market Size for Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA in Venezuela

The Venezuelan market for diesel or semi-diesel electric generating sets of output under X kVA dropped significantly to $X in 2021, with a decrease of -53.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Exports from Venezuela

In 2021, overseas shipments of diesel or semi-diesel electric generating sets of output under X kVA increased by 213% to X units, rising for the second year in a row after six years of decline. In general, exports posted moderate growth. The pace of growth appeared the most rapid in 2020 with an increase of 10,600%. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of diesel or semi-diesel electric generating sets of output under X kVA surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 3,189%. Over the period under review, the exports of attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bolivia (X units) was the main destination for exports of diesel or semi-diesel electric generating sets of output under X kVA from Venezuela, accounting for a 99% share of total exports. It was followed by Panama (X units), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled +82.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-40.3% per year) and Guyana (-26.5% per year).

In value terms, Bolivia ($X) remains the key foreign market for diesel or semi-diesel electric generating sets of output under X kVA exports from Venezuela, comprising 98% of total exports. The second position in the ranking was taken by Panama ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bolivia stood at +92.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-35.1% per year) and Guyana (-23.6% per year).

Export Prices by Country

The average export price for diesel or semi-diesel electric generating sets of output under X kVA stood at $X per unit in 2021, rising by 2.9% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 92%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Diesel or Semi-Diesel Electric Generating Sets of Output Under 75 kVA

Imports into Venezuela

In 2021, approx. X units of diesel or semi-diesel electric generating sets of output under X kVA were imported into Venezuela; waning by -23% on the previous year. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 897%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of diesel or semi-diesel electric generating sets of output under X kVA contracted rapidly to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 605%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest diesel or semi-diesel electric generating set of output under X kVA supplier to Venezuela, accounting for a 87% share of total imports. Moreover, imports of diesel or semi-diesel electric generating sets of output under X kVA from China exceeded the figures recorded by the second-largest supplier, Belarus (X units), more than tenfold. Switzerland (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+7.7% per year) and Switzerland (-9.9% per year).

In value terms, the largest diesel or semi-diesel electric generating set of output under X kVA suppliers to Venezuela were China ($X), Belarus ($X) and Switzerland ($X), with a combined 74% share of total imports.

Among the main suppliers, Belarus, with a CAGR of +17.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for diesel or semi-diesel electric generating sets of output under X kVA amounted to $X per unit, surging by 1.8% against the previous year. Overall, the import price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 45%. The import price peaked at $X per unit in 2012; however, from 2013 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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