Venezuela: Resistor Market 2024

Resistor Market Size in Venezuela

In 2022, after five years of decline, there was significant growth in the Venezuelan resistor market, when its value increased by X% to $X. Over the period under review, consumption, however, saw a noticeable downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Resistor Exports

Exports from Venezuela

In 2022, shipments abroad of electrical resistors (except heating resistors) decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, resistor exports skyrocketed to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units) was the main destination for resistor exports from Venezuela, with a X% share of total exports. Moreover, resistor exports to Serbia exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was held by Slovenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Slovenia (X% per year).

In value terms, the largest markets for resistor exported from Venezuela were Turkey ($X), Slovenia ($X) and Serbia ($X), with a combined X% share of total exports.

Among the main countries of destination, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to 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 resistor export price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Serbia (less than $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 Ecuador (X%), while the prices for the other major destinations experienced mixed trend patterns.

Resistor Imports

Imports into Venezuela

In 2022, overseas purchases of electrical resistors (except heating resistors) increased by X% to X units for the first time since 2016, thus ending a five-year declining trend. Overall, imports posted a slight increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, resistor imports surged to $X in 2022. In general, imports, however, showed a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, France (X units) constituted the largest supplier of resistor to Venezuela, with a X% share of total imports. Moreover, resistor imports from France exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and the United States (X% per year).

In value terms, France ($X) constituted the largest supplier of electrical resistors (except heating resistors) to Venezuela, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average resistor import price amounted to $X per thousand units, which is down by X% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per thousand units. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per thousand units), while the price for Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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