Report Update Nov 1, 2024

Venezuela - Machinery for Packing or Wrapping - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Machinery For Packing Market 2024

Machinery For Packing Market Size in Venezuela

The Venezuelan machinery for packing market was finally on the rise to reach $X in 2022, after two years of decline. 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.

Machinery For Packing Exports

Exports from Venezuela

In 2022, shipments abroad of machinery for packing or wrapping was finally on the rise to reach X units after two years of decline. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 637%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, machinery for packing exports stood at $X in 2022. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 420%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X units) was the main destination for machinery for packing exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Dominican Republic totaled +30.4%.

In value terms, the Dominican Republic ($X) emerged as the key foreign market for machinery for packing or wrapping exports from Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic totaled +24.3%.

Export Prices by Country

The average machinery for packing export price stood at $X per unit in 2022, surging by 1.7% against the previous year. In general, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 57%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +61.2% per year.

Machinery For Packing Imports

Imports into Venezuela

Machinery for packing imports into Venezuela declined to X units in 2022, reducing by -9.2% compared with 2021 figures. In general, imports saw a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 101%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, machinery for packing imports surged to $X in 2022. Over the period under review, imports showed a dramatic downturn. The growth pace was the most rapid in 2019 when imports increased by 101%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of machinery for packing imports to Venezuela, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +8.7%), while imports for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of machinery for packing or wrapping to Venezuela, comprising 34% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.9% per year) and Germany (-27.8% per year).

Import Prices by Country

The average machinery for packing import price stood at $X per unit in 2022, surging by 30% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+20.7%), 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 machinery for packing or wrapping in the world?

China remains the largest machinery for packing consuming country worldwide, comprising approx. 24% of total volume. Moreover, machinery for packing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. Japan ranked third in terms of total consumption with a 5% share.

What are the largest producers of machinery for packing or wrapping in the world?

The countries with the highest volumes of machinery for packing production in 2020 were China, Italy and Germany, with a combined 57% share of global production. These countries were followed by India, Japan, Turkey, Taiwan Chinese), Brazil, the United States, the Netherlands, Saudi Arabia and Spain, which together accounted for a further 32%.

What are the leading suppliers of machinery for packing or wrapping to Venezuela?

In value terms, Brazil constituted the largest supplier of machinery for packing to Venezuela, comprising 58% of total imports. The second position in the ranking was occupied by Italy, with a 9.8% share of total imports. It was followed by the United States, with an 8.9% share.

What are the leading importers of machinery for packing or wrapping from Venezuela?

In value terms, the largest markets for machinery for packing exported from Venezuela were Colombia, the United States and Panama $438), with a combined 95% share of total exports.

What is the average export price for machinery for packing or wrapping in Venezuela?

In 2020, the average machinery for packing export price amounted to $1,085 per unit, reducing by -6.2% against the previous year.

What is the average import price for machinery for packing or wrapping in Venezuela?

The average machinery for packing import price stood at $1,251 per unit in 2020, remaining stable against the previous year.

This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)

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