Report Update Nov 1, 2024

Venezuela - Non-Electric Furnaces and Ovens for the Roasting or Melting - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Venezuela

The Venezuelan non-electric roasting furnace market expanded remarkably to $X in 2022, growing by 5.5% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.0% against 2020 indices. Non-electric roasting furnace consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Venezuela

In value terms, non-electric roasting furnace production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 46% against the previous year. Non-electric roasting furnace production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports from Venezuela

In value terms, non-electric roasting furnace exports reduced slightly to $X in 2022. Overall, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65%. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

In value terms, Colombia ($X) also remains the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +25.4%.

Non-Electric Roasting Furnace Imports

Imports into Venezuela

In 2022, overseas purchases of non-electric furnaces and ovens for the roasting or melting decreased by 0% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2013 when imports increased by 356% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2013 with an increase of 345% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), Australia (X units) and the United States (X units) were the main suppliers of non-electric roasting furnace imports to Venezuela, with a combined 36% share of total imports. Moreover, non-electric roasting furnace imports in Spain exceeded the figures recorded by the second-largest supplier, Australia, twofold.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +7.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Venezuela, comprising 94% of total imports. The second position in the ranking was taken by China ($X), with a 4.6% share of total imports. It was followed by France, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-39.3% per year) and France (-36.8% per year).

Import Prices by Country

In 2022, the average non-electric roasting furnace import price amounted to $X per unit, picking up by 49% against the previous year. Over the period under review, the import price, however, showed a significant decline. The most prominent rate of growth was recorded in 2016 an increase of 277%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and Turkey, with a combined 36% share of global consumption.

What are the largest producers of non-electric furnaces and ovens for the roasting or melting in the world?

The countries with the highest volumes of in 2021 were China, India and Italy, with a combined 40% share of global production. The United States, Germany, Brazil, Russia, Mexico, Japan, Spain and Pakistan lagged somewhat behind, together comprising a further 28%.

What are the leading suppliers of non-electric furnaces and ovens for the roasting or melting to Venezuela?

In value terms, Brazil constituted the largest supplier of non-electric roasting furnace to Venezuela, comprising 30% of total imports. The second position in the ranking was occupied by Panama, with a 0.7% share of total imports.

What are the leading importers of non-electric furnaces and ovens for the roasting or melting from Venezuela?

In value terms, Colombia remains the key foreign market for non-electric roasting furnace exports from Venezuela.

What is the average export price for non-electric furnaces and ovens for the roasting or melting in Venezuela?

The average non-electric roasting furnace export price stood at $234 per unit in 2021, increasing by 7% against the previous year.

What is the average import price for non-electric furnaces and ovens for the roasting or melting in Venezuela?

The average non-electric roasting furnace import price stood at $28,143 per unit in 2021, shrinking by -4% against the previous year.

This report provides an in-depth analysis of the non-electric roasting furnace 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 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals

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