Report Update Nov 1, 2024

Venezuela - Parachutes and Rotochutes - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Parachute Market 2024

Parachute Market Size in Venezuela

In 2021, after three years of growth, there was significant decline in the Venezuelan parachute market, when its value decreased by -6.2% to $X. In general, consumption, however, recorded a pronounced downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Parachute Production in Venezuela

In value terms, parachute production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Parachute Exports

Exports from Venezuela

After two years of decline, shipments abroad of parachutes and rotochutes increased by 48% to X kg in 2021. Over the period under review, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 464% against the previous year. As a result, the exports reached the peak of X kg. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, parachute exports totaled $X in 2021. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 765% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Spain (X kg) was the main destination for parachute exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +25.4%.

In value terms, Spain ($X) emerged as the key foreign market for parachutes and rotochutes exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +51.5%.

Export Prices by Country

In 2021, the average parachute export price amounted to $X per ton, falling by -32.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 103%. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +20.0% per year.

Parachute Imports

Imports into Venezuela

In 2021, overseas purchases of parachutes and rotochutes were finally on the rise to reach X kg after two years of decline. In general, imports, however, saw a sharp downturn. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, parachute imports skyrocketed to $X in 2021. Overall, imports, however, faced a deep downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X kg) constituted the largest parachute supplier to Venezuela, accounting for a 78% share of total imports. Moreover, parachute imports from the United States exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), ninefold. Vietnam (X kg) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-32.0% per year) and Vietnam (-34.0% per year).

In value terms, the United States ($X), the Czech Republic ($X) and Vietnam ($X) constituted the largest parachute suppliers to Venezuela, with a combined 77% share of total imports.

Among the main suppliers, the United States, with a CAGR of -2.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average parachute import price stood at $X per ton in 2021, picking up by 41% against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2019 an increase of 147% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parachutes and rotochutes in the world?

China constituted the country with the largest volume of parachute consumption, comprising approx. 17% of total volume. Moreover, parachute consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by Pakistan, with a 3.5% share.

What are the largest producers of parachutes and rotochutes in the world?

China remains the largest parachute producing country worldwide, comprising approx. 18% of total volume. Moreover, parachute production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 3.8% share.

What are the leading suppliers of parachutes and rotochutes to Venezuela?

In value terms, South Africa constituted the largest supplier of parachute to Venezuela, comprising 80% of total imports. The second position in the ranking was occupied by the United States, with a 10% share of total imports. It was followed by the Czech Republic, with a 4.6% share.

What are the leading importers of parachutes and rotochutes from Venezuela?

In value terms, the United States emerged as the key foreign market for parachute exports from Venezuela, comprising 77% of total exports. The second position in the ranking was occupied by Spain, with a 23% share of total exports.

What is the average export price for parachutes and rotochutes in Venezuela?

In 2020, the average parachute export price amounted to $235,032 per ton, rising by 103% against the previous year.

What is the average import price for parachutes and rotochutes in Venezuela?

The average parachute import price stood at $182,000 per ton in 2020, jumping by 18% against the previous year.

This report provides an in-depth analysis of the parachute 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 13922300 - Parachutes and rotochutes, parts and accessories (including dirigible parachutes)

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