Venezuela: Market for Printers, Copying Machines And Facsimile Machines 2025

Market Size for Printers, Copying Machines And Facsimile Machines in Venezuela

In 2021, the Venezuelan printers and copying machines market increased by 65% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a precipitous curtailment. Printers and copying machines consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Printers, Copying Machines And Facsimile Machines

Exports from Venezuela

In 2021, shipments abroad of printers, copying machines and facsimile machines was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 327% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, printers and copying machines exports surged to $X in 2021. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 591%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Chile (X units), Senegal (X units) and the Dominican Republic (X units) were the main destinations of printers and copying machines exports from Venezuela, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +41.7%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for printers, copying machines and facsimile machines exports from Venezuela, comprising 45% of total exports. The second position in the ranking was held by Colombia ($X), with a 17% share of total exports. It was followed by Senegal, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile stood at +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+25.0% per year) and Senegal (-30.4% per year).

Export Prices by Country

The average printers and copying machines export price stood at $X per unit in 2021, jumping by 54% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The growth pace was the most rapid in 2017 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Colombia ($X per unit), while the average price for exports to Senegal ($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 (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Printers, Copying Machines And Facsimile Machines

Imports into Venezuela

In 2021, overseas purchases of printers, copying machines and facsimile machines increased by 122% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, faced a precipitous descent. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, printers and copying machines imports soared to $X in 2021. Overall, imports, however, faced a precipitous contraction. The growth pace was the most rapid in 2017 when imports increased by 88% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of printers and copying machines to Venezuela, with a 68% share of total imports. Moreover, printers and copying machines imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-31.6% per year) and Hong Kong SAR (-14.8% per year).

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest printers and copying machines suppliers to Venezuela, together comprising 83% of total imports.

China, with a CAGR of -7.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average printers and copying machines import price amounted to $X per unit, with a decrease of -45.2% against the previous year. Overall, the import price saw a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 59%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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