Report Update Nov 1, 2024

Venezuela - Forage Harvesters and Other Harvesting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in Venezuela

The Venezuelan market for forage harvesters and other harvesting machines soared to $X in 2021, picking up by 209% 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). In general, consumption, however, saw a sharp decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from Venezuela

In 2017, overseas shipments of forage harvesters and other harvesting machines decreased by 0% to X units, falling for the third consecutive year after three years of growth. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 50%. The exports peaked at X units in 2014; however, from 2015 to 2017, the exports stood at a somewhat lower figure.

In value terms, exports of forage harvesters and other harvesting machines declined modestly to $X in 2017. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 12% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2017, the exports remained at a lower figure.

Exports by Country

From 2012 to 2021, the average annual rate of growth in terms of volume to No country was relatively modest.

In value terms, Colombia ($X) also remains the key foreign market for forage harvesters and other harvesting machines exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia amounted to -19.3%.

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2021, picking up by 10% against the previous year. Overall, the export price continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 57%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +4.3% per year.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into Venezuela

Imports of forage harvesters and other harvesting machines into Venezuela surged to X units in 2021, picking up by 233% compared with the previous year. Overall, imports, however, showed a precipitous contraction. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines skyrocketed to $X in 2021. Over the period under review, imports, however, saw a precipitous shrinkage. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Argentina (X units), Mexico (X units) and Brazil (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to Venezuela, with a combined 75% share of total imports. These countries were followed by the Netherlands, Germany, Turkey, France and Uruguay, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Uruguay ($X) constituted the largest supplier of forage harvesters and other harvesting machines to Venezuela, comprising 49% of total imports. The second position in the ranking was held by Argentina ($X), with a 21% share of total imports. It was followed by Mexico, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Uruguay was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-17.4% per year) and Mexico (-17.1% per year).

Import Prices by Country

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $X per unit, waning by -12.5% against the previous year. Over the period under review, the import price saw a mild decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 49%. The import price peaked at $X per unit in 2020, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for forage harvesters and other harvesting machines in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 47% share of global consumption. These countries were followed by Russia, Japan, Spain, Brazil, France, the UK, Italy, Germany and South Korea, which together accounted for a further 25%.

What are the largest producers of forage harvesters and other harvesting machines in the world?

The country with the largest volume of production of forage harvesters and other harvesting machines was China, accounting for 25% of total volume. Moreover, production of forage harvesters and other harvesting machines in China exceeded the figures recorded by the second-largest producer, the United States, threefold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the leading suppliers of forage harvesters and other harvesting machines to Venezuela?

In value terms, Brazil constituted the largest supplier of forage harvesters and other harvesting machines to Venezuela, comprising 56% of total imports. The second position in the ranking was occupied by Argentina, with an 8.4% share of total imports. It was followed by Mexico, with a 7.8% share.

What is the average import price for forage harvesters and other harvesting machines in Venezuela?

In 2021, the average import price for forage harvesters and other harvesting machines amounted to $31,638 per unit, waning by -2% against the previous year.

This report provides an in-depth analysis of the market for forage harvesters and other harvesting machines in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28305945 - Forage harvesters (excluding self-propelled)
Prodcom 28305960 - Forage harvesters, self-propelled
Prodcom 28305970 - Harvesting machines (excluding combine harvester threshers, root or tuber harvesting machines, forage harvesters)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023