Venezuela: Market for Parts Of Harvester And Threshers 2025

Market Size for Parts Of Harvester And Threshers in Venezuela

The Venezuelan market for parts of harvester and threshers surged to $X in 2021, picking up by 76% 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). Overall, consumption, however, faced a deep contraction. Parts of harvester and threshers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Parts Of Harvester And Threshers

Exports from Venezuela

In 2021, overseas shipments of parts of harvester and threshers increased by 135% to X units, rising for the second year in a row after four years of decline. Overall, exports recorded a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 869%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,348%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Colombia (X units) was the main destination for parts of harvester and threshers exports from Venezuela, accounting for a 76% share of total exports. Moreover, parts of harvester and threshers exports to Colombia exceeded the volume sent to the second major destination, the Netherlands (X units), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Colombia amounted to +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+31.0% per year) and the Dominican Republic (+37.9% per year).

In value terms, Colombia ($X) remains the key foreign market for parts of harvester and threshers exports from Venezuela, comprising 47% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled +34.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+54.8% per year) and the Dominican Republic (+28.0% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, growing by 99% against the previous year. Overall, the export price saw significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Colombia ($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 Colombia (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into Venezuela

Parts of harvester and threshers imports into Venezuela soared to X units in 2021, increasing by 83% compared with 2020. In general, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 312% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of harvester and threshers imports soared to $X in 2021. Overall, imports, however, faced a precipitous slump. The growth pace was the most rapid in 2019 with an increase of 313%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X units), China (X units) and the United States (X units) were the main suppliers of parts of harvester and threshers imports to Venezuela, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) were the largest parts of harvester and threshers suppliers to Venezuela, with a combined 31% share of total imports.

South Korea, with a CAGR of +28.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for parts of harvester and threshers amounted to $X per unit, which is down by -5.6% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform