Venezuela: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in Venezuela

In 2022, the Venezuelan meat-preparation industrial machinery market increased by 1.9% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a precipitous slump. Meat-preparation industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports from Venezuela

In 2022, the amount of industrial machinery for the preparation of meat or poultry exported from Venezuela fell to X units, with a decrease of -13.9% on 2021 figures. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of 180%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports plummeted to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 205% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units), Canada (X units) and the United States (X units) were the main destinations of meat-preparation industrial machinery exports from Venezuela, with a combined 99% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +43.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for meat-preparation industrial machinery exported from Venezuela were Panama ($X), Canada ($X) and the United States ($X), with a combined 100% share of total exports.

Among the main countries of destination, Panama, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average meat-preparation industrial machinery export price amounted to $X per unit, reducing by -3.2% against the previous year. In general, the export price showed a perceptible setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 51%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($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 the United States (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.

Meat-Preparation Industrial Machinery Imports

Imports into Venezuela

In 2022, purchases abroad of industrial machinery for the preparation of meat or poultry increased by 18% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 70%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest meat-preparation industrial machinery supplier to Venezuela, with a 67% share of total imports. Moreover, meat-preparation industrial machinery imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Brazil (X units), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+3.2% per year) and Brazil (-31.6% per year).

In value terms, the largest meat-preparation industrial machinery suppliers to Venezuela were China ($X), the Czech Republic ($X) and Germany ($X), together comprising 29% of total imports.

The Czech Republic, with a CAGR of -0.4%, saw 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

In 2022, the average meat-preparation industrial machinery import price amounted to $X per unit, with a decrease of -33.1% against the previous year. Over the period under review, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 72%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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