Venezuela: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2025

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Venezuela

The Venezuelan market for domestic, non-electric, cooking or heating appliances declined slightly to $X in 2021, which is down by -2.9% 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). Overall, consumption, however, faced a significant contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Venezuela

In 2021, approx. X tons of domestic, non-electric, cooking or heating appliances were exported from Venezuela; waning by -11.8% compared with the previous year's figure. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 6,623% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of domestic, non-electric, cooking or heating appliances shrank rapidly to $X in 2021. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 2,293% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from Venezuela, accounting for a 86% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Panama exceeded the volume sent to the second major destination, Cuba (X kg), more than tenfold. The third position in this ranking was taken by Guatemala (X kg), with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Panama stood at +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-3.8% per year) and Guatemala (-8.3% per year).

In value terms, Panama ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from Venezuela, comprising 72% of total exports. The second position in the ranking was held by Cuba ($X), with a 24% share of total exports. It was followed by the Dominican Republic, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to Panama amounted to -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cuba (-9.3% per year) and the Dominican Republic (+12.8% per year).

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, shrinking by -9.8% against the previous year. In general, the export price saw a abrupt descent. The growth pace was the most rapid in 2014 an increase of 74%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Cuba ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (-5.8%), while the prices for the other major destinations experienced a decline.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Venezuela

In 2021, supplies from abroad of domestic, non-electric, cooking or heating appliances increased by 12% to X tons, rising for the second consecutive year after seven years of decline. In general, imports, however, showed a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 75%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances shrank to $X in 2021. Overall, imports, however, showed a sharp downturn. The pace of growth was the most pronounced in 2020 when imports increased by 77%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Ecuador (X tons), China (X tons) and Brazil (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Venezuela, with a combined 77% share of total imports. These countries were followed by Mexico, Panama, the United States and Colombia, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +3.2%), while imports for the other leaders experienced a decline.

In value terms, Ecuador ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to Venezuela, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Panama, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from Ecuador amounted to -20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.9% per year) and Panama (+0.6% per year).

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, waning by -16.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 16%. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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