Report Update Nov 1, 2024

Venezuela - Machine-Tools for Drilling, Boring or Milling Metal - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Venezuela

The Venezuelan machine-tool for drilling market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, faced a significant decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Machine-Tool For Drilling Exports

Exports from Venezuela

Machine-tool for drilling exports from Venezuela contracted significantly to X units in 2022, reducing by -22.2% against the year before. Overall, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 260% against the previous year. As a result, the exports reached the peak of X units, and then declined dramatically in the following year.

In value terms, machine-tool for drilling exports fell to $X in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 when exports increased by 607%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) and Colombia (X units) were the main destinations of machine-tool for drilling exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +24.6%).

In value terms, Colombia ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Venezuela, comprising 88% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 12% share of total exports.

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

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, increasing by 17% against the previous year. In general, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 506% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per unit), while the average price for exports to Costa Rica totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-8.3%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into Venezuela

In 2022, supplies from abroad of machine-tools for drilling, boring or milling metal increased by 3.7% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a precipitous decline. The growth pace was the most rapid in 2017 when imports increased by 47% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports soared to $X in 2022. Over the period under review, imports, however, saw a dramatic descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) (X units), Brazil (X units) and Italy (X units) were the main suppliers of machine-tool for drilling imports to Venezuela, with a combined 64% share of total imports. The United States, Belgium, Germany, Portugal, Spain, Panama, Belarus and China lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +17.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the largest machine-tool for drilling suppliers to Venezuela, together comprising 70% of total imports. Spain, Germany, Taiwan (Chinese), Brazil, Belarus, Belgium, Panama and Portugal lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Belarus, with a CAGR of -1.3%, recorded 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 machine-tool for drilling import price stood at $X per unit in 2022, increasing by 23% against the previous year. Overall, the import price showed a prominent increase. The growth pace was the most rapid in 2016 when the average import price increased by 244%. The import price peaked at $X per unit in 2018; however, from 2019 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 China ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+38.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine-tools for drilling, boring or milling metal in the world?

The country with the largest volume of machine-tool for drilling consumption was China, accounting for 27% of total volume. Moreover, machine-tool for drilling consumption in China exceeded the figures recorded by the second-largest consumer, Japan, fourfold. The third position in this ranking was occupied by India, with a 6.9% share.

What are the largest producers of machine-tools for drilling, boring or milling metal in the world?

The countries with the highest volumes of machine-tool for drilling production in 2021 were China, the Netherlands and Japan, together accounting for 56% of global production.

What are the leading suppliers of machine-tools for drilling, boring or milling metal to Venezuela?

In value terms, the United States, Belgium and Italy constituted the largest machine-tool for drilling suppliers to Venezuela, with a combined 66% share of total imports. These countries were followed by Panama, Germany, Spain and China, which together accounted for a further 26%.

What are the leading importers of machine-tools for drilling, boring or milling metal from Venezuela?

In value terms, Colombia $208) and Costa Rica $155) appeared to be the largest markets for machine-tool for drilling exported from Venezuela worldwide.

What is the average export price for machine-tools for drilling, boring or milling metal in Venezuela?

In 2021, the average machine-tool for drilling export price amounted to $4,172 per ton, falling by -7.1% against the previous year.

What is the average import price for machine-tools for drilling, boring or milling metal in Venezuela?

In 2021, the average machine-tool for drilling import price amounted to $7,702 per ton, declining by -11.2% against the previous year.

This report provides an in-depth analysis of the machine-tool for drilling 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 28412213 - Numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412217 - Numerically controlled knee-type milling machines for working metal (excluding boring-milling machines)
Prodcom 28412223 - Numerically controlled tool-milling machines for working metal (excluding boring-milling machines, knee-type machines)
Prodcom 28412225 - Numerically controlled milling machines for working metal (including plano-milling machines) (excluding boring-milling machines, knee-type, tool-milling machines)
Prodcom 28412233 - Way-type unit heads for working metal by drilling, boring, m illing, threading or tapping
Prodcom 28412235 - Non-numerically controlled drilling machines for working metal (excluding way-type unit head machines)
Prodcom 28412240 - Numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412260 - Non-numerically controlled boring and boring-milling machines for working metal (excluding drilling machines)
Prodcom 28412270 - Non-numerically controlled milling machines for working metal (excluding boring-milling 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