Venezuela: Stone Polishing Machine Market 2025

Stone Polishing Machine Market Size in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan stone polishing machine market, when its value decreased by -38.4% to $X. Over the period under review, consumption continues to indicate a deep slump. Stone polishing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Stone Polishing Machine Exports

Exports from Venezuela

In 2022, stone polishing machine exports from Venezuela declined notably to X units, reducing by -28.6% on the year before. In general, exports faced a sharp contraction. The growth pace was the most rapid in 2014 with an increase of 567% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone polishing machine exports reduced to $X in 2022. Over the period under review, exports recorded a significant decline. The most prominent rate of growth was recorded in 2016 when exports increased by 400%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X units) was the main destination for stone polishing machine exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

In 2022, the average stone polishing machine export price amounted to $X per unit, growing by 26% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 594%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Belize amounted to +168.9% per year.

Stone Polishing Machine Imports

Imports into Venezuela

In 2022, purchases abroad of grinding or polishing machines for working stone, ceramics and concrete decreased by -45.7% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 141%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, stone polishing machine imports fell remarkably to $X in 2022. In general, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 141%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X units), Portugal (X units) and Germany (X units) were the main suppliers of stone polishing machine imports to Venezuela, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stone polishing machine suppliers to Venezuela were Italy ($X), Portugal ($X) and Argentina ($X), with a combined 63% share of total imports.

Among the main suppliers, Portugal, with a CAGR of +69.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, growing by 30% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, stone polishing machine import price increased by +94.6% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 50%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+33.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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