Venezuela: Electronic Metal Tester Market 2025

Electronic Metal Tester Market Size in Venezuela

After two years of growth, the Venezuelan electronic metal tester market decreased by -84.5% to $X in 2021. Overall, consumption showed a dramatic curtailment. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Electronic Metal Tester Production in Venezuela

In value terms, electronic metal tester production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 33%. Electronic metal tester production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Electronic Metal Tester Exports

Exports from Venezuela

In 2021, the amount of electronic machines and appliances for testing metals exported from Venezuela amounted to X units, remaining relatively unchanged against 2020. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 425% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, electronic metal tester exports totaled $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 184%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for electronic metal tester exports from Venezuela, with a 73% share of total exports. Moreover, electronic metal tester exports to Germany exceeded the volume sent to the second major destination, Panama (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +16.7%.

In value terms, Panama ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Venezuela, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama amounted to +1.4%.

Export Prices by Country

In 2021, the average electronic metal tester export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price recorded a abrupt decrease. The growth pace was the most rapid in 2015 when the average export price increased by 168% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per unit), while the average price for exports to Germany totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.0%).

Electronic Metal Tester Imports

Imports into Venezuela

In 2021, purchases abroad of electronic machines and appliances for testing metals decreased by -87.3% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when imports increased by 3,506%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electronic metal tester imports fell dramatically to $X in 2021. Over the period under review, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2016 when imports increased by 5,129% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Argentina (X units) constituted the largest supplier of electronic metal tester to Venezuela, with a 71% share of total imports. Moreover, electronic metal tester imports from Argentina exceeded the figures recorded by the second-largest supplier, Uruguay (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to -29.2%.

In value terms, Argentina ($X) constituted the largest supplier of electronic machines and appliances for testing metals to Venezuela, comprising 91% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.1% share of total imports. It was followed by Uruguay, with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Argentina stood at -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-58.4% per year) and Uruguay (-29.3% per year).

Import Prices by Country

The average electronic metal tester import price stood at $X per unit in 2021, picking up by 33% against the previous year. Over the period under review, the import price posted resilient growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 69%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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