Report Update Nov 1, 2024

Venezuela - Gear Boxes - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Gear Box Market 2024

Gear Box Market Size in Venezuela

The Venezuelan gear box market fell significantly to $X in 2022, with a decrease of -33.1% 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). Over the period under review, consumption recorded a sharp curtailment. Gear box consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Gear Box Exports

Exports from Venezuela

In 2022, overseas shipments of gear boxes were finally on the rise to reach X units after three years of decline. In general, exports, however, recorded a sharp slump. The pace of growth was the most pronounced in 2018 when exports increased by 3,813%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, gear box exports rose rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2018 with an increase of 3,305%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for gear box exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +36.9%.

In value terms, Canada ($X) also remains the key foreign market for gear boxes exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +56.3%.

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, reducing by -29.9% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per unit, and then declined sharply in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +56.5% per year.

Gear Box Imports

Imports into Venezuela

In 2022, the amount of gear boxes imported into Venezuela reduced sharply to X units, shrinking by -49.6% against the year before. Overall, imports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 108%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, gear box imports shrank to $X in 2022. Over the period under review, imports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2021 with an increase of 21%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X units), China (X units) and Brazil (X units) were the main suppliers of gear box imports to Venezuela, with a combined 81% share of total imports. Japan, Italy and Turkey lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +12.5%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of gear boxes to Venezuela, comprising 68% of total imports. The second position in the ranking was held by Brazil ($X), with a 13% share of total imports. It was followed by China, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-35.6% per year) and China (-16.5% per year).

Import Prices by Country

The average gear box import price stood at $X per unit in 2022, rising by 81% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 the United States (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gear boxes in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 43% share of global consumption. Japan, Germany, Brazil, Indonesia, Mexico, Italy, South Korea, France, Saudi Arabia and Canada lagged somewhat behind, together comprising a further 35%.

What are the largest producers of gear boxes in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 44% share of global production. Germany, India, South Korea, Indonesia, Brazil, Italy, Mexico, France and Saudi Arabia lagged somewhat behind, together comprising a further 40%.

What are the leading suppliers of gear boxes to Venezuela?

In value terms, the United States constituted the largest supplier of gear box to Venezuela, comprising 83% of total imports. The second position in the ranking was occupied by Italy, with a 12% share of total imports. It was followed by Estonia, with a 2.1% share.

What are the leading importers of gear boxes from Venezuela?

In value terms, Canada remains the key foreign market for gear box exports from Venezuela, comprising 80% of total exports. The second position in the ranking was occupied by Bolivia, with a 20% share of total exports.

What is the average export price for gear boxes in Venezuela?

In 2021, the average gear box export price amounted to $28 per unit, falling by -1.7% against the previous year.

What is the average import price for gear boxes in Venezuela?

The average gear box import price stood at $11 per unit in 2021, with a decrease of -24.4% against the previous year.

This report provides an in-depth analysis of the gear box market 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 29323033 - Gear boxes and their parts

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