Venezuela: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Venezuela

The Venezuelan market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2021, rising by 211% 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). Overall, consumption, however, continues to indicate a deep reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Venezuela

In 2021, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Venezuela reduced to X units, which is down by -10% compared with 2020. Overall, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2016 with an increase of 2,600%. Over the period under review, the exports of attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped modestly to $X in 2021. In general, exports showed a dramatic decrease. The growth pace was the most rapid in 2016 with an increase of 326% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

The United States (X units), Panama (X units) and Germany (X units) were the main destinations of exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Venezuela.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of -8.2%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Venezuela, comprising 74% of total exports. The second position in the ranking was taken by Panama ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-12.1% per year) and Germany (-34.5% per year).

Export Prices by Country

In 2021, the average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps amounted to $X per unit, with an increase of 8.5% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 19%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.4%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Venezuela

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Venezuela; picking up by 213% on the previous year's figure. Overall, imports, however, faced a deep downturn. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps surged to $X in 2021. Over the period under review, imports, however, faced a precipitous decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Venezuela, with a 78% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Argentina (X units), fivefold. The third position in this ranking was taken by Germany (X units), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (-10.8% per year) and Germany (-15.9% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Venezuela, with a combined 60% share of total imports.

Germany, with a CAGR of -6.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, declining by -11.1% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 199%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average 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 2021, the most notable rate of growth in terms of prices was attained by the United States (+38.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform