Report Update Nov 1, 2024

Venezuela - Railway or Tramway Maintenance or Service Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Railway Maintenance Vehicle Market 2024

Railway Maintenance Vehicle Market Size in Venezuela

The Venezuelan railway maintenance vehicle market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a drastic downturn. Railway maintenance vehicle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Railway Maintenance Vehicle Production in Venezuela

In value terms, railway maintenance vehicle production rose modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 81% against the previous year. Railway maintenance vehicle production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Railway Maintenance Vehicle Exports

Exports from Venezuela

In 2016, the amount of railway or tramway maintenance or service vehicles exported from Venezuela was estimated at X units, standing approx. at the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2016 and are likely to see gradual growth in the immediate term.

In value terms, railway maintenance vehicle exports amounted to $X in 2016. Overall, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2016 and are likely to continue growth in years to come.

Exports by Country

Chile (X units) was the main destination for railway maintenance vehicle exports from Venezuela, with a approx. 100% share of total exports.

From 2016 to 2016, the average annual rate of growth in terms of volume to Chile was relatively modest.

From 2016 to 2016, the average annual rate of growth in terms of value to Chile was relatively modest.

Railway Maintenance Vehicle Imports

Imports into Venezuela

In 2021, supplies from abroad of railway or tramway maintenance or service vehicles decreased by 0% to X units for the first time since 2017, thus ending a three-year rising trend. In general, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2016 when imports increased by 356% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, railway maintenance vehicle imports expanded notably to $X in 2021. Over the period under review, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 822%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest railway maintenance vehicle supplier to Venezuela, with a 56% share of total imports. Moreover, railway maintenance vehicle imports from Spain exceeded the figures recorded by the second-largest supplier, Austria (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-43.6% per year) and Italy (-15.4% per year).

In value terms, Spain ($X), Italy ($X) and Austria ($X) were the largest railway maintenance vehicle suppliers to Venezuela, with a combined 100% share of total imports.

Italy, with a CAGR of -15.1%, recorded 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 a decline.

Import Prices by Country

In 2021, the average railway maintenance vehicle import price amounted to $X per unit, rising by 15% against the previous year. In general, the import price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of 59% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Italy ($X per unit), while the price for the United States ($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 (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway maintenance or service vehicles in the world?

The countries with the highest volumes of railway maintenance vehicle consumption in 2021 were Malaysia, the United States and Canada, with a combined 38% share of global consumption. These countries were followed by Switzerland, the Philippines, Japan, Belgium, Thailand, the United Arab Emirates, Qatar, Mozambique, the UK and Kazakhstan, which together accounted for a further 35%.

What are the largest producers of railway or tramway maintenance or service vehicles in the world?

The country with the largest volume of railway maintenance vehicle production was the United States, accounting for 38% of total volume. Moreover, railway maintenance vehicle production in the United States exceeded the figures recorded by the second-largest producer, Spain, twofold. Austria ranked third in terms of total production with a 15% share.

What are the leading suppliers of railway or tramway maintenance or service vehicles to Venezuela?

In value terms, Italy constituted the largest supplier of railway maintenance vehicle to Venezuela, comprising 69% of total imports. The second position in the ranking was occupied by Austria, with a 31% share of total imports.

What is the average import price for railway or tramway maintenance or service vehicles in Venezuela?

In 2021, the average railway maintenance vehicle import price amounted to $28,074 per unit, declining by -5.1% against the previous year.

This report provides an in-depth analysis of the railway maintenance vehicle 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 30203100 - Railway or tramway maintenance or service vehicles (including workshops, cranes, ballast tampers, track-liners, t esting coaches and track inspection vehicles)

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