Venezuela: Mattocks And Rakes Market 2024

Mattocks And Rakes Market Size in Venezuela

In 2022, the Venezuelan mattocks and rakes market decreased by -1.4% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a dramatic curtailment. Mattocks and rakes consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mattocks And Rakes Exports

Exports from Venezuela

After four years of decline, shipments abroad of mattocks, picks, hoes and rakes increased by 0.5% to X tons in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 118%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, mattocks and rakes exports totaled $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 118% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guyana (X tons) was the main destination for mattocks and rakes exports from Venezuela, with a 95% share of total exports. It was followed by Panama (X kg), with a 2.5% share of total exports. The third position in this ranking was held by the Dominican Republic (X kg), with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guyana amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-19.1% per year) and the Dominican Republic (-2.6% per year).

In value terms, the Dominican Republic ($X) remains the key foreign market for mattocks, picks, hoes and rakes exports from Venezuela, comprising 84% of total exports. The second position in the ranking was taken by Guyana ($X), with a 14% share of total exports. It was followed by Panama, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (-8.7% per year) and Panama (-29.7% per year).

Export Prices by Country

In 2022, the average mattocks and rakes export price amounted to $X per ton, standing approx. at the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes export price decreased by -5.5% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 90% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 the Dominican Republic ($X per ton), while the average price for exports to Guyana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+17.0%), while the prices for the other major destinations experienced a decline.

Mattocks And Rakes Imports

Imports into Venezuela

In 2022, purchases abroad of mattocks, picks, hoes and rakes decreased by -14.6% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a sharp setback. The growth pace was the most rapid in 2019 with an increase of 452% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mattocks and rakes imports expanded to $X in 2022. Overall, imports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2019 with an increase of 319%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Portugal (X tons) and Colombia (X tons) were the main suppliers of mattocks and rakes imports to Venezuela, together accounting for 82% of total imports. France, Costa Rica and Mexico lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mattocks and rakes suppliers to Venezuela were Portugal ($X), France ($X) and China ($X), together accounting for 69% of total imports.

In terms of the main suppliers, France, with a CAGR of +17.7%, 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 more modest paces of growth.

Import Prices by Country

The average mattocks and rakes import price stood at $X per ton in 2022, surging by 21% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes import price increased by +67.0% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 40% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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