Venezuela: Hand-Operated Air Pump Market 2025

Hand-Operated Air Pump Market Size in Venezuela

In 2022, the Venezuelan hand-operated air pump market decreased by -16.7% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Venezuela

In 2022, approx. X units of hand or foot-operated air pumps were exported from Venezuela; jumping by 23% compared with the previous year. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 281% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, hand-operated air pump exports surged to $X in 2022. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 308%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for hand-operated air pump exports from Venezuela, accounting for a 64% share of total exports. Moreover, hand-operated air pump exports to Panama exceeded the volume sent to the second major destination, the Dominican Republic (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama amounted to +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+60.6% per year) and Costa Rica (+55.2% per year).

In value terms, Panama ($X) remains the key foreign market for hand or foot-operated air pumps exports from Venezuela, comprising 65% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+24.8% per year) and Costa Rica (+26.4% per year).

Export Prices by Country

The average hand-operated air pump export price stood at $X per unit in 2022, declining by -6% against the previous year. In general, the export price showed a sharp downturn. The most prominent rate of growth was recorded in 2018 an increase of 108%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-18.5%), while the prices for the other major destinations experienced a decline.

Hand-Operated Air Pump Imports

Imports into Venezuela

In 2022, overseas purchases of hand or foot-operated air pumps decreased by -18.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 609% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand-operated air pump imports reduced to $X in 2022. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when imports increased by 235%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of hand-operated air pump to Venezuela, accounting for a 72% share of total imports. Moreover, hand-operated air pump imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. The third position in this ranking was taken by Panama (X units), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+86.6% per year) and Panama (+4.3% per year).

In value terms, the largest hand-operated air pump suppliers to Venezuela were China ($X), the UK ($X) and Panama ($X), together comprising 90% of total imports.

The UK, with a CAGR of +77.6%, saw 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 a decline.

Import Prices by Country

In 2022, the average hand-operated air pump import price amounted to $X per unit, increasing by 5.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 68% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 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 Panama ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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