Report Update Nov 1, 2024

Venezuela - Industrial Non-Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Venezuela

In 2022, the Venezuelan industrial sewing machines (non-automatic) market decreased by -17.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a precipitous contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Venezuela

In 2022, approx. X units of industrial sewing machines (non-automatic) were exported from Venezuela; flattening at 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 200%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports dropped modestly to $X in 2022. In general, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by 251% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted slightly in the following year.

Exports by Country

Spain (X units) was the main destination for industrial sewing machines (non-automatic) exports from Venezuela, accounting for a approx. 33% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain was relatively modest.

In value terms, Spain ($X) also remains the key foreign market for industrial sewing machines (non-automatic) exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +15.9%.

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, dropping by -3.9% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 286% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +100.6% per year.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Venezuela

In 2022, supplies from abroad of industrial sewing machines (non-automatic) decreased by -19.3% to X units, falling for the second consecutive year after three years of growth. Overall, imports faced a significant decline. The pace of growth appeared the most rapid in 2018 with an increase of 267%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) imports declined slightly to $X in 2022. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2019 when imports increased by 60%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest industrial sewing machines (non-automatic) supplier to Venezuela, with a 74% share of total imports. Moreover, industrial sewing machines (non-automatic) imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -34.6%.

In value terms, the United States ($X) constituted the largest supplier of industrial sewing machines (non-automatic) to Venezuela, comprising 63% of total imports. The second position in the ranking was held by China ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to -35.2%.

Import Prices by Country

The average industrial sewing machines (non-automatic) import price stood at $X per unit in 2022, growing by 21% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The growth pace was the most rapid in 2014 an increase of 112% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial sewing machines (non-automatic) in the world?

The countries with the highest volumes of industrial sewing machines non-automatic) consumption in 2021 were China, South Africa and India, with a combined 80% share of global consumption.

What are the largest producers of industrial sewing machines (non-automatic) in the world?

The country with the largest volume of industrial sewing machines non-automatic) production was China, accounting for 91% of total volume. Moreover, industrial sewing machines non-automatic) production in China exceeded the figures recorded by the second-largest producer, Japan, more than tenfold. Singapore ranked third in terms of total production with a 1.6% share.

What are the leading suppliers of industrial sewing machines (non-automatic) to Venezuela?

In value terms, the United States constituted the largest supplier of industrial sewing machines non-automatic) to Venezuela.

What is the average export price for industrial sewing machines (non-automatic) in Venezuela?

The average industrial sewing machines non-automatic) export price stood at $612 per unit in 2021, with a decrease of -18.3% against the previous year.

What is the average import price for industrial sewing machines (non-automatic) in Venezuela?

The average industrial sewing machines non-automatic) import price stood at $846 per unit in 2021, surging by 81% against the previous year.

This report provides an in-depth analysis of the market for industrial sewing machines (non-automatic) 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 28942450 - Industrial sewing machines (excluding book-sewing machines, automatic machines)

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