Venezuela: Magnetic Media Market 2025

Magnetic Media Market Size in Venezuela

The Venezuelan magnetic media market contracted rapidly to $X in 2021, reducing by -86.7% 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 continues to indicate a significant decrease. Magnetic media consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Magnetic Media Exports

Exports from Venezuela

In 2021, exports of magnetic media, not recorded, except cards with a magnetic stripe from Venezuela contracted markedly to X units, which is down by -70.5% compared with the previous year's figure. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 65%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, magnetic media exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 86%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for magnetic media exports from Venezuela, with a 39% share of total exports. Moreover, magnetic media exports to Spain exceeded the volume sent to the second major destination, Chile (X units), threefold. Austria (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-7.4% per year) and Austria (-25.3% per year).

In value terms, Spain ($X), Poland ($X) and Chile ($X) appeared to be the largest markets for magnetic media exported from Venezuela worldwide, with a combined 46% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of 0.0%, saw the highest rates of growth with regard to 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 magnetic media export price amounted to $X per unit, with an increase of 129% against the previous year. Overall, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 140%. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Magnetic Media Imports

Imports into Venezuela

Magnetic media imports into Venezuela fell rapidly to X units in 2021, dropping by -91.7% compared with the previous year's figure. In general, imports faced a sharp descent. The pace of growth was the most pronounced in 2020 when imports increased by 265% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, magnetic media imports fell sharply to $X in 2021. Overall, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2020 with an increase of 143%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X units) was the main magnetic media supplier to Venezuela, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States stood at -53.8%.

In value terms, the United States ($X) constituted the largest supplier of magnetic media, not recorded, except cards with a magnetic stripe to Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -40.6%.

Import Prices by Country

In 2021, the average magnetic media import price amounted to $X per unit, surging by 499% against the previous year. In general, the import price continues to indicate significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 +28.5% per year.

Source: IndexBox Platform

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