Venezuela: Electric Brazing Machine Market 2025

Electric Brazing Machine Market Size in Venezuela

In 2022, after five years of decline, there was significant growth in the Venezuelan electric brazing machine market, when its value increased by 562% to $X. Overall, consumption, however, showed a dramatic decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Electric Brazing Machine Production in Venezuela

In value terms, electric brazing machine production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a drastic downturn. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Brazing Machine Exports

Exports from Venezuela

After three years of growth, shipments abroad of electric brazing or soldering machines and apparatus decreased by -3% to X units in 2022. Overall, exports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 65%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric brazing machine exports dropped slightly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 99%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saint Vincent and the Grenadines (X units) was the main destination for electric brazing machine exports from Venezuela, accounting for a 96% share of total exports. Moreover, electric brazing machine exports to Saint Vincent and the Grenadines exceeded the volume sent to the second major destination, Panama (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saint Vincent and the Grenadines totaled +18.9%.

In value terms, Saint Vincent and the Grenadines ($X) remains the key foreign market for electric brazing or soldering machines and apparatus exports from Venezuela, comprising 100% of total exports. The second position in the ranking was taken by Panama ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Saint Vincent and the Grenadines totaled +20.0%.

Export Prices by Country

The average electric brazing machine export price stood at $X per unit in 2022, picking up by 2.9% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2018 an increase of 100%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Saint Vincent and the Grenadines ($X per unit), while the average price for exports to Panama totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saint Vincent and the Grenadines (+0.9%).

Electric Brazing Machine Imports

Imports into Venezuela

In 2022, overseas purchases of electric brazing or soldering machines and apparatus increased by 12% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, recorded a dramatic decrease. The pace of growth was the most pronounced in 2016 when imports increased by 189% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, electric brazing machine imports soared to $X in 2022. Overall, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 287%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest electric brazing machine supplier to Venezuela, with a 38% share of total imports. Moreover, electric brazing machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+52.9% per year) and the Netherlands (+20.6% per year).

In value terms, the largest electric brazing machine suppliers to Venezuela were Taiwan (Chinese) ($X), the United States ($X) and Austria ($X), together comprising 72% of total imports. The UK, the Netherlands, China, Panama, Mexico and Hong Kong SAR lagged somewhat behind, together accounting for a further 25%.

The UK, with a CAGR of +31.4%, 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 2022, the average electric brazing machine import price amounted to $X per unit, jumping by 23% against the previous year. Over the period under review, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 38% 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 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+35.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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