Venezuela: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Venezuela

The Venezuelan self-propelled bulldozer market reduced dramatically to $X in 2021, waning by -30.4% against the previous year. Over the period under review, consumption showed a precipitous curtailment. Self-propelled bulldozer consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Bulldozer Production in Venezuela

In value terms, self-propelled bulldozer production shrank to $X in 2021 estimated in export price. Overall, production showed a mild descent. The growth pace was the most rapid in 2014 when the production volume increased by 36%. Self-propelled bulldozer production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Self-Propelled Bulldozer Exports

Exports from Venezuela

In 2021, overseas shipments of self-propelled bulldozers and excavators increased by 38% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 550%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, self-propelled bulldozer exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 7,565%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Colombia (X units), France (X units) and Panama (X units) were the main destinations of self-propelled bulldozer exports from Venezuela, with a combined 67% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +9.1%), while the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), France ($X) and Panama ($X) appeared to be the largest markets for self-propelled bulldozer exported from Venezuela worldwide, together comprising 68% of total exports.

Colombia, with a CAGR of +46.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, rising by 40% against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 114% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Saint Vincent and the Grenadines ($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 Indonesia (+61.0%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Bulldozer Imports

Imports into Venezuela

After two years of decline, supplies from abroad of self-propelled bulldozers and excavators increased by 11% to X units in 2021. Over the period under review, imports, however, continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2015 when imports increased by 551%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, self-propelled bulldozer imports rose significantly to $X in 2021. Overall, imports, however, showed a significant decrease. The growth pace was the most rapid in 2015 when imports increased by 148% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Democratic People's Republic of Korea (X units), Mexico (X units) and France (X units) were the main suppliers of self-propelled bulldozer imports to Venezuela, together comprising 70% of total imports.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +2.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest self-propelled bulldozer suppliers to Venezuela were France ($X), Democratic People's Republic of Korea ($X) and Mexico ($X), with a combined 79% share of total imports.

Democratic People's Republic of Korea, with a CAGR of -4.6%, recorded the highest growth rate of 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

The average self-propelled bulldozer import price stood at $X per unit in 2021, shrinking by -2.4% against the previous year. In general, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 161% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 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 South Korea ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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