Venezuela: Vices And Clamps Market 2025

Vices And Clamps Market Size in Venezuela

The Venezuelan vices and clamps market fell slightly to $X in 2022, remaining stable 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). In general, consumption saw a sharp reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Vices And Clamps Exports

Exports from Venezuela

In 2022, the amount of vices and clamps exported from Venezuela amounted to X kg, increasing by 7.9% on 2021. Over the period under review, exports, however, recorded a slight shrinkage. The growth pace was the most rapid in 2013 with an increase of 2,109%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vices and clamps exports expanded rapidly to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 2,006%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for vices and clamps exports from Venezuela, with a approx. 97% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for vices and clamps exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to -13.6%.

Export Prices by Country

In 2022, the average vices and clamps export price amounted to $X per ton, picking up by 3.1% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decline. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -14.3% per year.

Vices And Clamps Imports

Imports into Venezuela

In 2022, purchases abroad of vices and clamps decreased by -8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a dramatic decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 107%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, vices and clamps imports stood at $X in 2022. Overall, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 106% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Democratic People's Republic of Korea (X tons) and Argentina (X kg) were the main suppliers of vices and clamps imports to Venezuela, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +34.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest vices and clamps suppliers to Venezuela were China ($X), Argentina ($X) and Mexico ($X), with a combined 61% share of total imports. The United States, India, Democratic People's Republic of Korea, Singapore, Panama and Italy lagged somewhat behind, together accounting for a further 16%.

Democratic People's Republic of Korea, with a CAGR of +6.7%, recorded 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

The average vices and clamps import price stood at $X per ton in 2022, growing by 17% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 84% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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