Venezuela: Market for Digital Data Processing Machines: Presented In The Form Of Systems 2024

Market Size for Digital Data Processing Machines: Presented In The Form Of Systems in Venezuela

The Venezuelan digital data processing machine market dropped notably to $X in 2021, reducing by -63.3% 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 saw a significant decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Exports of Digital Data Processing Machines: Presented In The Form Of Systems

Exports from Venezuela

In 2021, digital data processing machine exports from Venezuela fell remarkably to X units, with a decrease of -53.8% on the year before. Over the period under review, exports continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of 43%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, digital data processing machine exports plummeted to $X in 2021. In general, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 124% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Mexico (X units) and the UK (X units) were the main destinations of digital data processing machine exports from Venezuela, with a combined 47% share of total exports. France, Bolivia, Trinidad and Tobago, Guatemala, Peru, Portugal, Colombia, Panama, Chile and Costa Rica lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Mexico ($X) and the UK ($X) appeared to be the largest markets for digital data processing machine exported from Venezuela worldwide, together comprising 49% of total exports. These countries were followed by France, Bolivia, Trinidad and Tobago, Portugal, Costa Rica, Panama, Chile, Colombia, Guatemala and Peru, which together accounted for a further 23%.

In terms of the main countries of destination, Trinidad and Tobago, with a CAGR of +32.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average digital data processing machine export price stood at $X per unit in 2021, surging by 9.8% against the previous year. In general, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 57%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Peru ($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 Trinidad and Tobago (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Digital Data Processing Machines: Presented In The Form Of Systems

Imports into Venezuela

In 2021, imports of digital data processing machines: presented in the form of systems into Venezuela reduced remarkably to X units, declining by -58.4% compared with 2020. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, digital data processing machine imports fell significantly to $X in 2021. In general, imports recorded a sharp decrease. The pace of growth was the most pronounced in 2014 with an increase of 87% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Hong Kong SAR (X units), Argentina (X units) and Mexico (X units) were the main suppliers of digital data processing machine imports to Venezuela, together accounting for 69% of total imports. These countries were followed by South Korea, the United States, Norway, Russia, Spain and Taiwan (Chinese), which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +87.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest digital data processing machine suppliers to Venezuela were Hong Kong SAR ($X), Mexico ($X) and the United States ($X), together comprising 69% of total imports. South Korea, Argentina, Norway, Russia, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further 25%.

South Korea, with a CAGR of +82.1%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average digital data processing machine import price amounted to $X per unit, declining by -25.1% against the previous year. Overall, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Argentina ($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 (+15.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :