Report Update Jan 1, 2025

Venezuela - Ride-On Compaction Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Ride-On Compaction Equipment Market 2025

Ride-On Compaction Equipment Market Size in Venezuela

The Venezuelan ride-on compaction equipment market was finally on the rise to reach $X in 2022, after three years of decline. Overall, consumption, however, showed a dramatic decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from Venezuela

In 2022, after three years of decline, there was decline in overseas shipments of ride-on compaction equipment, when their volume decreased by 0% to X units. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 100% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ride-on compaction equipment exports soared to $X in 2022. Overall, exports recorded temperate growth. The pace of growth was the most pronounced in 2015 with an increase of 1,517% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) and Panama (X units) were the main destinations of ride-on compaction equipment exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of 0.0%).

In value terms, Panama ($X) remains the key foreign market for ride-on compaction equipment exports from Venezuela, comprising 97% of total exports. The second position in the ranking was taken by Colombia ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama totaled +2.2%.

Export Prices by Country

In 2022, the average ride-on compaction equipment export price amounted to $X per unit, growing by 93% against the previous year. In general, the export price enjoyed moderate growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 978% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per unit), while the average price for exports to Colombia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+33.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ride-On Compaction Equipment Imports

Imports into Venezuela

After three years of decline, purchases abroad of ride-on compaction equipment increased by 5.9% to X units in 2022. In general, imports, however, showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 57%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports rose slightly to $X in 2022. Over the period under review, imports, however, faced a dramatic slump. The pace of growth was the most pronounced in 2017 with an increase of 96%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X units) constituted the largest ride-on compaction equipment supplier to Venezuela, accounting for a 31% share of total imports. Moreover, ride-on compaction equipment imports from Iran exceeded the figures recorded by the second-largest supplier, Spain (X units), fourfold. Mexico (X units) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iran stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-23.9% per year) and Mexico (+7.2% per year).

In value terms, Iran ($X) constituted the largest supplier of ride-on compaction equipment to Venezuela, comprising 42% of total imports. The second position in the ranking was taken by India ($X), with a 16% share of total imports. It was followed by Mexico, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iran stood at -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+490.3% per year) and Mexico (+42.6% per year).

Import Prices by Country

In 2022, the average ride-on compaction equipment import price amounted to $X per unit, with a decrease of -3.9% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 26% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+490.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ride-on compaction equipment in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 77% share of global consumption.

What are the largest producers of ride-on compaction equipment in the world?

China constituted the country with the largest volume of ride-on compaction equipment production, comprising approx. 66% of total volume. Moreover, ride-on compaction equipment production in China exceeded the figures recorded by the second-largest producer, the Czech Republic, more than tenfold. Germany ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of ride-on compaction equipment to Venezuela?

In value terms, the largest ride-on compaction equipment suppliers to Venezuela were Germany, the United States and Iran, with a combined 72% share of total imports.

What are the leading importers of ride-on compaction equipment from Venezuela?

In value terms, Panama remains the key foreign market for ride-on compaction equipment exports from Venezuela.

What is the average export price for ride-on compaction equipment in Venezuela?

The average ride-on compaction equipment export price stood at $5,528 per unit in 2021, reducing by -16.9% against the previous year.

What is the average import price for ride-on compaction equipment in Venezuela?

In 2021, the average ride-on compaction equipment import price amounted to $23,455 per unit, waning by -9.4% against the previous year.

This report provides an in-depth analysis of the ride-on compaction equipment 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 28922400 - Ride-on compaction equipment and the like

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024