Report Update Nov 1, 2024

Venezuela - Screwdrivers - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Screwdriver Market 2024

Screwdriver Market Size in Venezuela

In 2021, the Venezuelan screwdriver market increased by 87% to $X, rising for the third consecutive year after six years of decline. In general, consumption, however, faced a significant decrease. Screwdriver consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Screwdriver Exports

Exports from Venezuela

After four years of growth, shipments abroad of screwdrivers decreased by -73.6% to X kg in 2021. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 510%. The exports peaked at X kg in 2020, and then dropped dramatically in the following year.

In value terms, screwdriver exports shrank dramatically to $X in 2021. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 678%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X kg) was the main destination for screwdriver exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled +171.7%.

In value terms, Peru ($X) emerged as the key foreign market for screwdrivers exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to +208.2%.

Export Prices by Country

The average screwdriver export price stood at $X per ton in 2021, jumping by 156% against the previous year. In general, the export price, however, saw a perceptible slump. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to +33.5% per year.

Screwdriver Imports

Imports into Venezuela

In 2021, purchases abroad of screwdrivers increased by 128% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, imports, however, saw a sharp decrease. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, screwdriver imports surged to $X in 2021. In general, imports, however, showed a sharp slump. The growth pace was the most rapid in 2019 when imports increased by 119% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main screwdriver supplier to Venezuela, accounting for a 96% share of total imports. It was followed by Lebanon (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -20.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lebanon (0.0% per year) and the United States (-40.3% per year).

In value terms, China ($X) constituted the largest supplier of screwdrivers to Venezuela, comprising 88% of total imports. The second position in the ranking was held by the United States ($X), with a 5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-37.5% per year) and Lebanon (0.0% per year).

Import Prices by Country

In 2021, the average screwdriver import price amounted to $X per ton, reducing by -30.1% against the previous year. Overall, the import price showed a mild downturn. The growth pace was the most rapid in 2019 when the average import price increased by 23%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+31.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for screwdrivers in the world?

China constituted the country with the largest volume of screwdriver consumption, comprising approx. 29% of total volume. Moreover, screwdriver consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 7.2% share.

What are the largest producers of screwdrivers in the world?

The country with the largest volume of screwdriver production was China, comprising approx. 65% of total volume. Moreover, screwdriver production in China exceeded the figures recorded by the second-largest producer, India, sixfold. Taiwan Chinese) ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of screwdrivers to Venezuela?

In value terms, China constituted the largest supplier of screwdriver to Venezuela.

What are the leading importers of screwdrivers from Venezuela?

In value terms, Costa Rica $46) remains the key foreign market for screwdriver exports from Venezuela, comprising 82% of total exports. The second position in the ranking was occupied by Guatemala $10), with an 18% share of total exports.

What is the average export price for screwdrivers in Venezuela?

The average screwdriver export price stood at $8,205 per ton in 2020, shrinking by -38.4% against the previous year.

What is the average import price for screwdrivers in Venezuela?

In 2020, the average screwdriver import price amounted to $4,057 per ton, declining by -55.5% against the previous year.

This report provides an in-depth analysis of the screwdriver 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 25733063 - Screwdrivers

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