Report Update Nov 1, 2024

Venezuela - Heat Exchange Units - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Heat Exchange Unit Market 2024

Heat Exchange Unit Exports

Exports from Venezuela

In 2022, after two years of decline, there was decline in shipments abroad of heat exchange units, when their volume decreased by -1.2% to X units. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 643%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, heat exchange unit exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2018 with an increase of 530%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for heat exchange unit exports from Venezuela, with a 76% share of total exports. Moreover, heat exchange unit exports to Germany exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was taken by the Dominican Republic (X units), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +45.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.2% per year) and the Dominican Republic (+1.7% per year).

In value terms, the United States ($X) remains the key foreign market for heat exchange units exports from Venezuela, comprising 72% of total exports. The second position in the ranking was taken by the Dominican Republic ($X), with a 19% share of total exports. It was followed by Germany, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+12.3% per year) and Germany (+8.9% per year).

Export Prices by Country

The average heat exchange unit export price stood at $X per unit in 2022, increasing by 24% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2013 an increase of 31% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($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 Bolivia (+75.3%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Exchange Unit Imports

Imports into Venezuela

In 2022, supplies from abroad of heat exchange units increased by 21% to X units for the first time since 2014, thus ending a seven-year declining trend. Overall, imports, however, saw a dramatic contraction. The pace of growth was the most pronounced in 2014 with an increase of 119% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, heat exchange unit imports expanded modestly to $X in 2022. In general, imports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2014 with an increase of 50%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Ecuador (X units) constituted the largest supplier of heat exchange unit to Venezuela, accounting for a 33% share of total imports. Moreover, heat exchange unit imports from Ecuador exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The third position in this ranking was held by India (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ecuador amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-4.8% per year) and India (+7.7% per year).

In value terms, Ecuador ($X), India ($X) and South Korea ($X) were the largest heat exchange unit suppliers to Venezuela, with a combined 67% share of total imports.

India, with a CAGR of +18.5%, recorded the highest rates of growth with regard to 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

The average heat exchange unit import price stood at $X per unit in 2022, reducing by -13.4% against the previous year. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in 2017 an increase of 41% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for heat exchange units in the world?

The countries with the highest volumes of in 2021 were China, the United States and Turkey, together comprising 45% of global consumption.

What are the largest producers of heat exchange units in the world?

China constituted the country with the largest volume of heat exchange unit production, accounting for 25% of total volume. Moreover, heat exchange unit production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Italy, with an 8.3% share.

What are the leading suppliers of heat exchange units to Venezuela?

In value terms, the United States constituted the largest supplier of heat exchange unit to Venezuela, comprising 83% of total imports. The second position in the ranking was occupied by the Netherlands, with an 8.4% share of total imports. It was followed by Belgium, with a 3.3% share.

What is the average export price for heat exchange units in Venezuela?

In 2021, the average heat exchange unit export price amounted to $683 per unit, reducing by -29.3% against the previous year.

What is the average import price for heat exchange units in Venezuela?

In 2021, the average heat exchange unit import price amounted to $660 per unit, increasing by 32% against the previous year.

This report provides an in-depth analysis of the heat exchange unit 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 28251130 - Heat exchange units

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