Venezuela: Inductor Market 2025

Inductor Market Size in Venezuela

The Venezuelan inductor market expanded rapidly to $X in 2022, with an increase of 6.7% against the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Inductor Production in Venezuela

In value terms, inductor production expanded sharply to $X in 2022 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 112%. Inductor production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Inductor Exports

Exports from Venezuela

In 2022, after four years of growth, there was significant decline in overseas shipments of inductors, when their volume decreased by -6.1% to X units. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 705% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, inductor exports dropped remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 814%. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

Sri Lanka (X units), Germany (X units) and Switzerland (X units) were the main destinations of inductor exports from Venezuela, with a combined 71% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +930.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), China ($X) and Germany ($X) constituted the largest markets for inductor exported from Venezuela worldwide, together comprising 68% of total exports.

In terms of the main countries of destination, Sri Lanka, with a CAGR of +916.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average inductor export price stood at $X per unit in 2022, shrinking by -41% against the previous year. In general, the export price recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 31%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 China ($X per unit), while the average price for exports to France ($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 China (+9.4%), while the prices for the other major destinations experienced a decline.

Inductor Imports

Imports into Venezuela

In 2022, overseas purchases of inductors increased by 2.5% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a dramatic curtailment. The growth pace was the most rapid in 2017 with an increase of 780% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, inductor imports contracted notably to $X in 2022. Overall, imports, however, showed a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of 450% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest inductor supplier to Venezuela, with a 41% share of total imports. Moreover, inductor imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-33.5% per year) and the United States (-50.0% per year).

In value terms, Spain ($X) constituted the largest supplier of inductors to Venezuela, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by the United States, with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-35.7% per year) and the United States (-47.6% per year).

Import Prices by Country

In 2022, the average inductor import price amounted to $X per unit, falling by -36.7% against the previous year. Over the period under review, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2018 when the average import price increased by 134% against the previous year. The import price peaked at $X per unit in 2021, and then reduced remarkably in the following year.

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 the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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