Venezuela: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Venezuela

The Venezuelan transmission apparatus market expanded modestly to $X in 2021, growing by 4% 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 dramatic contraction. Transmission apparatus consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Transmission Apparatus Exports

Exports from Venezuela

For the third consecutive year, Venezuela recorded decline in shipments abroad of transmission apparatus incorporating reception apparatus, which decreased by -36.4% to X kg in 2021. Over the period under review, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2018 with an increase of 333% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports shrank significantly to $X in 2021. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by 795% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Senegal (X kg) was the main destination for transmission apparatus exports from Venezuela, accounting for a 62% share of total exports. Moreover, transmission apparatus exports to Senegal exceeded the volume sent to the second major destination, France (X kg), fourfold. The United States (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Senegal amounted to -65.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+22.9% per year) and the United States (-51.3% per year).

In value terms, Senegal ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Venezuela, comprising 81% of total exports. The second position in the ranking was taken by the United States ($X), with a 6% share of total exports. It was followed by Israel, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Senegal amounted to -58.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-46.9% per year) and Israel (0.0% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, surging by 1.9% against the previous year. In general, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, transmission apparatus export price decreased by -19.3% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 107%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, 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 the United States ($X per ton), while the average price for exports to France ($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 Jamaica (+37.6%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Venezuela

Transmission apparatus imports into Venezuela amounted to X tons in 2021, remaining relatively unchanged against the year before. Over the period under review, imports, however, faced a precipitous slump. The growth pace was the most rapid in 2020 with an increase of 79% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports reached $X in 2021. In general, imports, however, saw a significant contraction. The most prominent rate of growth was recorded in 2020 with an increase of 66%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) was the main supplier of transmission apparatus to Venezuela, accounting for a 94% share of total imports. It was followed by China (X tons), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-39.4% per year) and Hong Kong SAR (-31.1% per year).

In value terms, the United States ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Venezuela, comprising 97% of total imports. The second position in the ranking was held by China ($X), with a 1.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -16.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-45.6% per year) and Hong Kong SAR (-33.4% per year).

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, growing by 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.1%. 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 Hong Kong SAR ($X per ton), while the price for China ($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 (+37.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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