Venezuela: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in Venezuela

In 2021, the Venezuelan liquid dispensing pump market increased by 25% to $X for the first time since 2013, thus ending a seven-year declining trend. In general, consumption, however, faced a sharp downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Liquid Dispensing Pump Exports

Exports from Venezuela

In 2021, exports of pumps for dispensing liquids from Venezuela was estimated at X units, approximately reflecting the year before. Overall, exports showed a precipitous decline. The pace of growth was the most pronounced in 2013 when exports increased by 189%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid dispensing pump exports surged to $X in 2021. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 144%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Aruba (X units), Panama (X units) and the United States (X units) were the main destinations of liquid dispensing pump exports from Venezuela.

From 2012 to 2021, the biggest increases were recorded for Aruba (with a CAGR of +22.0%), while shipments for the other leaders experienced a decline.

In value terms, Panama ($X) remains the key foreign market for pumps for dispensing liquids exports from Venezuela, comprising 90% of total exports. The second position in the ranking was taken by Aruba ($X), with a 7.8% share of total exports. It was followed by the United States, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+42.3% per year) and the United States (-23.9% per year).

Export Prices by Country

The average liquid dispensing pump export price stood at $X per unit in 2021, with an increase of 33% against the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 162%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per unit), while the average price for exports to Aruba ($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 Panama (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Dispensing Pump Imports

Imports into Venezuela

In 2021, purchases abroad of pumps for dispensing liquids increased by 43% to X units, rising for the second year in a row after six years of decline. Overall, imports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2013 with an increase of 56% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid dispensing pump imports amounted to $X in 2021. In general, imports, however, recorded a precipitous decline. The most prominent rate of growth was recorded in 2013 when imports increased by 82%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest liquid dispensing pump supplier to Venezuela, accounting for a 52% share of total imports. Moreover, liquid dispensing pump imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-49.5% per year) and the United States (-47.0% per year).

In value terms, Canada ($X) constituted the largest supplier of pumps for dispensing liquids to Venezuela, comprising 56% of total imports. The second position in the ranking was taken by Spain ($X), with a 27% share of total imports. It was followed by the United States, with a 4% share.

From 2012 to 2021, the average annual growth rate of value from Canada amounted to -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.6% per year) and the United States (-45.9% per year).

Import Prices by Country

In 2021, the average liquid dispensing pump import price amounted to $X per unit, which is down by -26.1% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 172% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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