Venezuela: Electric Soldering Iron Market 2024

Electric Soldering Iron Market Size in Venezuela

The Venezuelan electric soldering iron market shrank to $X in 2022, with a decrease of X% 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 saw a dramatic shrinkage. Electric soldering iron consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electric Soldering Iron Exports

Exports from Venezuela

In 2022, exports of electric soldering irons and guns from Venezuela contracted markedly to X units, with a decrease of X% compared with 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric soldering iron exports contracted notably to $X in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X units), the United States (X units) and Panama (X units) were the main destinations of electric soldering iron exports from Venezuela, together comprising X% of total exports. Moreover, electric soldering iron exports in Colombia exceeded the figures recorded by the second-largest exporter, the United States, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) remains the key foreign market for electric soldering irons and guns exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average electric soldering iron export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price, however, posted significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

Electric Soldering Iron Imports

Imports into Venezuela

In 2022, the amount of electric soldering irons and guns imported into Venezuela reduced to X units, which is down by X% compared with 2021. In general, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric soldering iron imports fell significantly to $X in 2022. Overall, imports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric soldering iron to Venezuela, with a X% share of total imports. Moreover, electric soldering iron imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. Portugal (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Portugal (X% per year).

In value terms, France ($X), China ($X) and Portugal ($X) were the largest electric soldering iron suppliers to Venezuela, with a combined X% share of total imports.

Among the main suppliers, Portugal, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average electric soldering iron import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, showed moderate growth. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :