Venezuela: Market for Pneumatic Or Hydraulic Hand Tools 2025

Market Size for Pneumatic Or Hydraulic Hand Tools in Venezuela

The Venezuelan market for pneumatic or hydraulic hand tools rose slightly to $X in 2021, picking up by 1.8% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Pneumatic Or Hydraulic Hand Tools in Venezuela

In value terms, pneumatic or hydraulic hand tool production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 42% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Venezuela

In 2021, overseas shipments of pneumatic or hydraulic hand tools were finally on the rise to reach X kg after three years of decline. Overall, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 375%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, pneumatic or hydraulic hand tool exports rose significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2017 with an increase of 321% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for pneumatic or hydraulic hand tool exports from Venezuela, accounting for a 46% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Panama exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was taken by Colombia (X kg), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Panama stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.4% per year) and Colombia (+8.3% per year).

In value terms, Colombia ($X) remains the key foreign market for pneumatic or hydraulic hand tools exports from Venezuela, comprising 63% of total exports. The second position in the ranking was held by Panama ($X), with a 13% share of total exports. It was followed by the United States, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-17.0% per year) and the United States (-7.9% per year).

Export Prices by Country

In 2021, the average export price for pneumatic or hydraulic hand tools amounted to $X per ton, rising by 2.1% against the previous year. Overall, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2020 an increase of 39% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 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 Colombia ($X per ton), while the average price for exports to Costa Rica ($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 Chile (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Venezuela

In 2021, pneumatic or hydraulic hand tool imports into Venezuela soared to X tons, growing by 120% compared with the previous year's figure. In general, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 262%. 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, pneumatic or hydraulic hand tool imports soared to $X in 2021. Over the period under review, imports, however, faced a sharp decrease. Over the period under review, imports attained 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 pneumatic or hydraulic hand tool supplier to Venezuela, accounting for a 66% share of total imports. Moreover, pneumatic or hydraulic hand tool imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. The third position in this ranking was held by South Korea (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.6% per year) and South Korea (+2.2% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest pneumatic or hydraulic hand tool suppliers to Venezuela, with a combined 71% share of total imports.

Taiwan (Chinese), with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 44%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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