Report Update Nov 1, 2024

Venezuela - Self-Propelled Earth Moving, Excavating Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in Venezuela

For the third consecutive year, the Venezuelan self-propelled excavating machinery market recorded decline in sales value, which decreased by -23.7% to $X in 2021. In general, consumption showed a sharp setback. Self-propelled excavating machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports from Venezuela

In 2017, exports of self-propelled earth moving, excavating machinery from Venezuela totaled X units, flattening at the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The smallest decline of 99.9% was in 2014. The exports peaked in 2017 and are expected to retain growth in years to come.

In value terms, self-propelled excavating machinery exports skyrocketed to $X in 2017. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for self-propelled excavating machinery exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2017, the average annual growth rate of volume to the United States was relatively modest.

From 2013 to 2017, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2017, the average self-propelled excavating machinery export price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2017 and is expected to retain growth in the immediate term.

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

From 2013 to 2017, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Self-Propelled Excavating Machinery Imports

Imports into Venezuela

In 2021, approx. X units of self-propelled earth moving, excavating machinery were imported into Venezuela; which is down by -23.5% against the previous year. In general, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports dropped rapidly to $X in 2021. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2016 with an increase of 29%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Spain (X units) and Portugal (X units) were the main suppliers of self-propelled excavating machinery imports to Venezuela, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Italy ($X) appeared to be the largest self-propelled excavating machinery suppliers to Venezuela, with a combined 58% share of total imports. These countries were followed by Brazil, Portugal, Panama, the United States and Canada, which together accounted for a further 19%.

In terms of the main suppliers, Portugal, with a CAGR of +48.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average self-propelled excavating machinery import price stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 141% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+7.7%), 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 self-propelled earth moving, excavating machinery in the world?

The countries with the highest volumes of self-propelled excavating machinery consumption in 2021 were China, France and Spain, together accounting for 39% of global consumption. Belgium, the Czech Republic, the UK, Indonesia, Japan, Singapore, Denmark, Thailand, Australia and the Netherlands lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of self-propelled earth moving, excavating machinery in the world?

China remains the largest self-propelled excavating machinery producing country worldwide, comprising approx. 35% of total volume. Moreover, self-propelled excavating machinery production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. Spain ranked third in terms of total production with an 8.8% share.

What are the leading suppliers of self-propelled earth moving, excavating machinery to Venezuela?

In value terms, China, Sweden and Italy appeared to be the largest self-propelled excavating machinery suppliers to Venezuela, with a combined 62% share of total imports. Portugal, the United States and Canada lagged somewhat behind, together accounting for a further 24%.

What is the average export price for self-propelled earth moving, excavating machinery in Venezuela?

In 2013, the average self-propelled excavating machinery export price amounted to $9,253 per unit, remaining stable against the previous year.

What is the average import price for self-propelled earth moving, excavating machinery in Venezuela?

The average self-propelled excavating machinery import price stood at $13,860 per unit in 2021, waning by -24.9% against the previous year.

This report provides an in-depth analysis of the self-propelled excavating machinery 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 28922750 - Self-propelled earth moving, excavating... machinery, n.e.c.

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