Venezuela: Non-Propelled Vehicle Market 2025

Non-Propelled Vehicle Market Size in Venezuela

In 2021, after two years of growth, there was significant decline in the Venezuelan non-propelled vehicle market, when its value decreased by -43.7% to $X. Overall, consumption saw a significant decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Propelled Vehicle Exports

Exports from Venezuela

In 2021, approx. X units of vehicles not mechanically propelled were exported from Venezuela; increasing by 8% against the previous year. Over the period under review, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 when exports increased by 126%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, non-propelled vehicle exports expanded sharply to $X in 2021. In general, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 127% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Costa Rica (X units) and Slovenia (X units) were the main destinations of non-propelled vehicle exports from Venezuela.

From 2012 to 2021, the biggest increases were in Costa Rica (with a CAGR of +69.6%).

In value terms, the largest markets for non-propelled vehicle exported from Venezuela were Slovenia ($X) and Costa Rica ($X).

Costa Rica, with a CAGR of +60.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2021, falling by -1.5% against the previous year. In general, the export price saw a pronounced decrease. The pace of growth was the most pronounced in 2019 an increase of 37% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per unit), while the average price for exports to Costa Rica stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into Venezuela

In 2021, after two years of growth, there was significant decline in overseas purchases of vehicles not mechanically propelled, when their volume decreased by -26.1% to X units. In general, imports showed a dramatic decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 126%. 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, non-propelled vehicle imports contracted rapidly to $X in 2021. Overall, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 271% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of non-propelled vehicle to Venezuela, accounting for a 70% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), sixfold. The third position in this ranking was held by the Dominican Republic (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-20.2% per year) and the Dominican Republic (+2,417.9% per year).

In value terms, China ($X) constituted the largest supplier of non-propelled vehicle to Venezuela, comprising 57% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Panama, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-31.9% per year) and Panama (-15.7% per year).

Import Prices by Country

In 2021, the average non-propelled vehicle import price amounted to $X per unit, falling by -45.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 175%. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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