Venezuela: Television Receiver Market 2025

Television Receiver Market Size in Venezuela

The Venezuelan television receiver market soared to $X in 2022, rising by 56% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a deep slump. Television receiver consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Television Receiver Exports

Exports from Venezuela

After three years of decline, shipments abroad of television receivers increased by 118% to X units in 2022. Overall, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 1,613% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, television receiver exports soared to $X in 2022. In general, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 with an increase of 479% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Guatemala (X units), South Korea (X units) and Guyana (X units) were the main destinations of television receiver exports from Venezuela, with a combined 85% share of total exports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Guatemala ($X), South Korea ($X) and Guyana ($X) appeared to be the largest markets for television receiver exported from Venezuela worldwide, together comprising 94% of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of +54.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average television receiver export price amounted to $X per unit, dropping by -18.5% against the previous year. Over the period under review, the export price showed a deep contraction. The pace of growth was the most pronounced in 2014 an increase of 203%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Television Receiver Imports

Imports into Venezuela

In 2022, the amount of television receivers imported into Venezuela surged to X units, jumping by 73% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt descent. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, television receiver imports surged to $X in 2022. In general, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest television receiver supplier to Venezuela, accounting for a 88% share of total imports. Moreover, television receiver imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+14.3% per year) and the United States (-28.1% per year).

In value terms, China ($X) constituted the largest supplier of television receivers to Venezuela, comprising 87% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by Canada, with a 1% share.

From 2012 to 2022, 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: the United States (-22.1% per year) and Canada (-2.2% per year).

Import Prices by Country

The average television receiver import price stood at $X per unit in 2022, waning by -21.2% against the previous year. Overall, the import price showed a slight downturn. The growth pace was the most rapid in 2021 when the average import price increased by 38%. As a result, import price reached the peak level of $X per unit, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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