Venezuela: Market for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables 2024

Market Size for Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables in Venezuela

The Venezuelan market for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables skyrocketed to $X in 2021, jumping by 93% 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). In general, consumption, however, recorded a deep downturn. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Exports from Venezuela

In 2018, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Venezuela stood at X units, leveling off at the previous year. Overall, exports faced a sharp contraction. The smallest decline of 99.9% was in 2015. Over the period under review, the exports of reached the maximum at X units in 2014; however, from 2015 to 2018, the exports failed to regain momentum.

In value terms, exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables amounted to $X in 2018. Over the period under review, exports saw a dramatic descent. The smallest decline of -16.3% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

Exports by Country

The Dominican Republic (X units) was the main destination for exports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to the Dominican Republic was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to the Dominican Republic was relatively modest.

Export Prices by Country

The average export price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X per unit in 2018, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price decreased by -16.3% against the previous year. Over the period under review, the average export prices attained the peak figure in 2018 and is expected to retain growth in the near future.

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

From 2013 to 2018, the rate of growth in terms of prices for Mexico amounted to 0.0% per year.

Imports of Machines For Cleaning, Sorting Or Grading Seed, Grain Or Dried Leguminous Vegetables

Imports into Venezuela

In 2021, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables into Venezuela skyrocketed to X units, increasing by 95% on 2020 figures. Over the period under review, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2019 with an increase of 206% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables surged to $X in 2021. Overall, imports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2019 with an increase of 149% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest seed cleaning, sorting and grading machine supplier to Venezuela, with a 48% share of total imports. Moreover, imports of machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), twofold. The third position in this ranking was held by Chile (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+26.9% per year) and Chile (+3.1% per year).

In value terms, the largest seed cleaning, sorting and grading machine suppliers to Venezuela were China ($X), Switzerland ($X) and Chile ($X), with a combined 74% share of total imports.

Among the main suppliers, Switzerland, with a CAGR of +13.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables stood at $X per unit in 2021, remaining stable against the previous year. In general, the import price recorded a deep reduction. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, 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 ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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