Report Update Jan 1, 2025

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

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Venezuela: Seat Market 2025

Seat Market Size in Venezuela

In 2021, after five years of growth, there was decline in the Venezuelan seat market, when its value decreased by -3.2% to $X. Over the period under review, consumption recorded a mild descent. Seat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Seat Production in Venezuela

In value terms, seat production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 16% against the previous year. Seat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Seat Exports

Exports from Venezuela

In 2021, overseas shipments of seats decreased by -70.7% to X tons, falling for the fifth consecutive year after five years of growth. In general, exports recorded a mild slump. The pace of growth was the most pronounced in 2013 when exports increased by 539%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, seat exports declined markedly to $X in 2021. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of 250%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nicaragua (X tons), the Dominican Republic (X tons) and Costa Rica (X tons) were the main destinations of seat exports from Venezuela.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Dominican Republic (with a CAGR of +74.0%), while the other leaders experienced mixed trend patterns.

In value terms, Nicaragua ($X), the Dominican Republic ($X) and Costa Rica ($X) appeared to be the largest markets for seat exported from Venezuela worldwide.

In terms of the main countries of destination, the Dominican Republic, with a CAGR of +39.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average seat export price stood at $X per ton in 2021, surging by 85% against the previous year. In general, the export price, however, continues to indicate a slight slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Nicaragua ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+18.2%), while the prices for the other major destinations experienced mixed trend patterns.

Seat Imports

Imports into Venezuela

In 2021, purchases abroad of seats increased by 119% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, faced a deep reduction. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, seat imports surged to $X in 2021. Overall, imports, however, faced a abrupt shrinkage. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of seat to Venezuela, with a 30% share of total imports. Moreover, seat imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.0% per year) and the United States (-24.2% per year).

In value terms, China ($X) constituted the largest supplier of seats to Venezuela, comprising 41% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and the United States (-28.8% per year).

Import Prices by Country

In 2021, the average seat import price amounted to $X per ton, rising by 6.3% against the previous year. In general, the import price showed a temperate increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 142% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($X per ton), while the price for Colombia ($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 (+24.5%), 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 seats in the world?

The countries with the highest volumes of seat consumption in 2020 were China, the United States and Germany, with a combined 47% share of global consumption. Indonesia, Bangladesh, France, the UK, India, Canada, Brazil, Spain, Thailand and Egypt lagged somewhat behind, together comprising a further 26%.

What are the largest producers of seats in the world?

The country with the largest volume of seat production was China, accounting for 53% of total volume. Moreover, seat production in China exceeded the figures recorded by the second-largest producer, Indonesia, more than tenfold. Bangladesh ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of seats to Venezuela?

In value terms, the largest seat suppliers to Venezuela were China, Italy and the United States, together accounting for 82% of total imports. Colombia, Brazil, the Dominican Republic and Costa Rica lagged somewhat behind, together accounting for a further 8.2%.

What are the leading importers of seats from Venezuela?

In value terms, the Dominican Republic emerged as the key foreign market for seat exports from Venezuela, comprising 43% of total exports. The second position in the ranking was occupied by the United States, with a 20% share of total exports. It was followed by Ireland, with an 8.9% share.

What is the average export price for seats in Venezuela?

The average seat export price stood at $23 per unit in 2020, picking up by 144% against the previous year.

What is the average import price for seats in Venezuela?

In 2020, the average seat import price amounted to $53 per unit, picking up by 11% against the previous year.

This report provides an in-depth analysis of the seat 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 29321000 - Seats for motor vehicles
Prodcom 30305010 - Seats for aircraft, parts thereof
Prodcom 31001155 -
Prodcom 31001159 -
Prodcom 31001170 - Upholstered seats with metal frames (excluding swivel seats, m edical, surgical, dental or veterinary seats, barbers
Prodcom 31001190 - Non-upholstered seats with metal frames (excluding medical, s urgical, dental or veterinary seats, barbers
Prodcom 31001210 - Seats convertible into beds (excluding garden seats or camping equipment)
Prodcom 31001230 - Seats of cane, osier, bamboo or similar materials
Prodcom 31001250 - Upholstered seats with wooden frames (including three piece suites) (excluding swivel seats)
Prodcom 31001290 - Non-upholstered seats with wooden frames (excluding swivel seats)
Prodcom 31001300 - Other seats, of HS

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