Venezuela: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2025

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in Venezuela

The Venezuelan non-numerically controlled sharpening machine market stood at $X in 2022, increasing by 5% against the previous year. In general, consumption, however, recorded a abrupt decrease. Non-numerically controlled sharpening machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in Venezuela

In value terms, non-numerically controlled sharpening machine production expanded slightly to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Venezuela

In 2018, approx. X units of non-numerically controlled sharpening machines for working metal were exported from Venezuela; approximately equating 2017 figures. Over the period under review, exports saw a significant increase. The smallest decline of 99.9% was in 2013. Over the period under review, the exports reached the peak figure in 2018 and are likely to see steady growth in years to come.

In value terms, non-numerically controlled sharpening machine exports amounted to $X in 2018. In general, exports continue to indicate a precipitous slump. The smallest decline of 99.9% was in 2013. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2018, the exports remained at a lower figure.

Exports by Country

Chile (X units) was the main destination for non-numerically controlled sharpening machine exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual growth rate of volume to Chile was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Chile was relatively modest.

Export Prices by Country

In 2018, the average non-numerically controlled sharpening machine export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price saw a precipitous descent. The pace of growth appeared the most rapid in 2013 when the average export price decreased by 99.9%. The export price peaked at $X per unit in 2012; however, from 2013 to 2018, the export prices failed to regain momentum.

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

From 2012 to 2018, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Venezuela

Non-numerically controlled sharpening machine imports into Venezuela totaled X units in 2022, approximately mirroring 2021. Over the period under review, imports faced a sharp setback. The pace of growth appeared the most rapid in 2013 with an increase of 345%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports shrank notably to $X in 2022. Overall, imports saw a sharp decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 732% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X units), India (X units) and Japan (X units) were the main suppliers of non-numerically controlled sharpening machine imports to Venezuela, with a combined 24% share of total imports. Moreover, non-numerically controlled sharpening machine imports in Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, India, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +7.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Venezuela, comprising 39% of total imports. The second position in the ranking was held by Mexico ($X), with a 13% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-17.1% per year) and Italy (-37.6% per year).

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, declining by -39.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 353% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+15.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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