Report Update Nov 1, 2024

Venezuela - Gear Cutting, Gear Grinding or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in Venezuela

In 2021, the Venezuelan gear cutting machine market increased by 61% to $X, rising for the third consecutive year after four years of decline. In general, consumption recorded a prominent increase. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Gear Cutting Machine Production in Venezuela

In value terms, gear cutting machine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports from Venezuela

In 2021, gear cutting machine exports from Venezuela stood at X units, approximately equating the year before. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, gear cutting machine exports stood at $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

India (X units) was the main destination for gear cutting machine exports from Venezuela, with a approx. 100% share of total exports.

From 2021 to 2021, the average annual growth rate of volume to India was relatively modest.

From 2021 to 2021, the average annual rate of growth in terms of value to India was relatively modest.

Gear Cutting Machine Imports

Imports into Venezuela

In 2021, supplies from abroad of gear cutting, gear grinding or gear finishing machines increased by 21% to X units, rising for the second year in a row after five years of decline. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 2,700% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, gear cutting machine imports skyrocketed to $X in 2021. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by 2,239% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of gear cutting machine to Venezuela, accounting for a 68% share of total imports. Moreover, gear cutting machine imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was taken by the United States (X units), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.0% per year) and the United States (+4.6% per year).

In value terms, Romania ($X), China ($X) and the United States ($X) were the largest gear cutting machine suppliers to Venezuela, together accounting for 62% of total imports. These countries were followed by Panama and Italy, which together accounted for a further 2.4%.

Panama, with a CAGR of +39.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, growing by 282% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+20.4%), 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 gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine consumption in 2021 were Switzerland, China and Japan, together accounting for 63% of global consumption. These countries were followed by Estonia, Mexico, Germany, the Netherlands, South Africa and the United States, which together accounted for a further 23%.

What are the largest producers of gear cutting, gear grinding or gear finishing machines in the world?

The countries with the highest volumes of gear cutting machine production in 2021 were Switzerland, China and Germany, together accounting for 70% of global production.

What are the leading suppliers of gear cutting, gear grinding or gear finishing machines to Venezuela?

In value terms, China constituted the largest supplier of gear cutting machine to Venezuela, comprising 31% of total imports. The second position in the ranking was occupied by the United States, with a 6% share of total imports.

What is the average export price for gear cutting, gear grinding or gear finishing machines in Venezuela?

The average gear cutting machine export price stood at $8,347 per unit in 2021, remaining constant against the previous year.

What is the average import price for gear cutting, gear grinding or gear finishing machines in Venezuela?

In 2021, the average gear cutting machine import price amounted to $3,341 per unit, surging by 121% against the previous year.

This report provides an in-depth analysis of the gear cutting machine 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 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)

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