Venezuela: Market for Machines For Preparing, Weaving And Knitting Textiles 2025

Market Size for Machines For Preparing, Weaving And Knitting Textiles in Venezuela

In 2021, the Venezuelan market for machines for preparing, weaving and knitting textiles was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a significant decline. Textile weaving and knitting machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Machines For Preparing, Weaving And Knitting Textiles

Exports from Venezuela

In 2021, exports of machines for preparing, weaving and knitting textiles from Venezuela reduced sharply to X units, declining by -57.1% on the year before. Overall, exports recorded a sharp contraction. The pace of growth was the most pronounced in 2016 with an increase of 253% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, textile weaving and knitting machinery exports shrank sharply to $X in 2021. Over the period under review, exports faced a sharp contraction. The pace of growth was the most pronounced in 2018 with an increase of 366%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for textile weaving and knitting machinery exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +13.0%.

In value terms, the United States ($X), Colombia ($X) and the Dominican Republic ($X) constituted the largest markets for textile weaving and knitting machinery exported from Venezuela worldwide, together accounting for 95% of total exports.

Among the main countries of destination, the United States, with a CAGR of +41.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for machines for preparing, weaving and knitting textiles amounted to $X per unit, picking up by 5.5% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2017 an increase of 82% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, 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 United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +25.0% per year.

Imports of Machines For Preparing, Weaving And Knitting Textiles

Imports into Venezuela

In 2021, supplies from abroad of machines for preparing, weaving and knitting textiles increased by 232% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2017 when imports increased by 494%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, textile weaving and knitting machinery imports soared to $X in 2021. Overall, imports, however, saw a precipitous decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X units), Spain (X units) and China (X units) were the main suppliers of textile weaving and knitting machinery imports to Venezuela, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of -4.9%), while purchases for the other leaders experienced a decline.

In value terms, the Czech Republic ($X), France ($X) and China ($X) appeared to be the largest textile weaving and knitting machinery suppliers to Venezuela, together comprising 50% of total imports.

The Czech Republic, with a CAGR of -9.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for machines for preparing, weaving and knitting textiles stood at $X per unit in 2021, falling by -6.8% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 160%. Over the period under review, average import prices attained the maximum 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 ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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