Report Update Nov 1, 2024

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

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Venezuela: Industrial Sewing Machine Market 2024

Industrial Sewing Machine Market Size in Venezuela

The Venezuelan industrial sewing machine market reduced markedly to $X in 2022, waning by -18.2% 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 faced a significant decline. Industrial sewing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Industrial Sewing Machine Exports

Exports from Venezuela

In 2022, industrial sewing machine exports from Venezuela amounted to X units, approximately reflecting the previous year. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 300%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, industrial sewing machine exports fell modestly to $X in 2022. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 251% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for industrial sewing machine exports from Venezuela, with 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 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

In 2022, the average industrial sewing machine export price amounted to $X per unit, which is down by -3.9% against the previous year. Overall, the export price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 202%. The export price peaked at $X per unit in 2021, and then shrank modestly 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.

Industrial Sewing Machine Imports

Imports into Venezuela

For the third consecutive year, Venezuela recorded decline in supplies from abroad of industrial sewing machines, which decreased by -15.6% to X units in 2022. Overall, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 327%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial sewing machine imports reduced rapidly to $X in 2022. Over the period under review, imports saw a precipitous descent. The growth pace was the most rapid in 2019 when imports increased by 235% against the previous year. Over the period under review, imports attained 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 supplier of industrial sewing machine to Venezuela, with a 46% share of total imports. Moreover, industrial sewing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -37.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.4% per year) and Hong Kong SAR (-16.5% per year).

In value terms, the largest industrial sewing machine suppliers to Venezuela were the United States ($X), Italy ($X) and Hong Kong SAR ($X), together comprising 74% of total imports. China, Turkey, Colombia and Mexico lagged somewhat behind, together accounting for a further 21%.

Among the main suppliers, Turkey, with a CAGR of +507.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average industrial sewing machine import price stood at $X per unit in 2022, dropping by -5% against the previous year. Over the period under review, the import price, however, showed a slight increase. The pace of growth was the most pronounced in 2021 an increase of 69%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+62.4%), 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 in the world?

The countries with the highest volumes of in 2021 were China, India and Japan, together accounting for 31% of global consumption. Vietnam, the United States, Indonesia, Brazil, Uzbekistan, Cambodia, Turkey, Bangladesh, Mexico and Germany lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of industrial sewing machines in the world?

The country with the largest volume of industrial sewing machine production was China, comprising approx. 67% of total volume. Moreover, industrial sewing machine production in China exceeded the figures recorded by the second-largest producer, Japan, eightfold. Germany ranked third in terms of total production with a 3.6% share.

What are the leading suppliers of industrial sewing machines to Venezuela?

In value terms, the largest industrial sewing machine suppliers to Venezuela were Mexico, the United States and China, with a combined 96% share of total imports.

What is the average export price for industrial sewing machines in Venezuela?

In 2021, the average industrial sewing machine export price amounted to $556 per unit, shrinking by -25.8% against the previous year.

What is the average import price for industrial sewing machines in Venezuela?

The average industrial sewing machine import price stood at $1,140 per unit in 2021, jumping by 75% against the previous year.

This report provides an in-depth analysis of the industrial sewing machine 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)
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