Venezuela: Market for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems 2024

Market Size for Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems in Venezuela

The Venezuelan market for window or wall air conditioning systems, self-contained or split-systems was estimated at $X in 2022, remaining relatively unchanged 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, recorded a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Exports from Venezuela

In 2022, the amount of window or wall air conditioning systems, self-contained or split-systems exported from Venezuela expanded rapidly to X units, growing by 13% against 2021 figures. Overall, exports, however, faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 103% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of window or wall air conditioning systems, self-contained or split-systems soared to $X in 2022. In general, exports, however, continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2020 when exports increased by 129%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Panama (X units) was the main destination for exports of window or wall air conditioning systems, self-contained or split-systems from Venezuela, accounting for a 65% share of total exports. Moreover, exports of window or wall air conditioning systems, self-contained or split-systems to Panama exceeded the volume sent to the second major destination, Aruba (X units), threefold. The third position in this ranking was taken by Guyana (X units), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Panama totaled -25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (-4.7% per year) and Guyana (-4.0% per year).

In value terms, Panama ($X), Aruba ($X) and Guyana ($X) were the largest markets for window, wall, or split air conditioning system exported from Venezuela worldwide, with a combined 96% share of total exports.

In terms of the main countries of destination, Aruba, with a CAGR of -0.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for window or wall air conditioning systems, self-contained or split-systems stood at $X per unit in 2022, growing by 2.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the 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 Aruba ($X per unit), while the average price for exports to Guyana ($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 Aruba (+4.7%), while the prices for the other major destinations experienced a decline.

Imports of Window or Wall Air Conditioning Systems, Self-Contained or Split-Systems

Imports into Venezuela

In 2022, approx. X units of window or wall air conditioning systems, self-contained or split-systems were imported into Venezuela; picking up by 4.3% compared with the previous year. In general, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 107%. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of window or wall air conditioning systems, self-contained or split-systems declined to $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 when imports increased by 108%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest window, wall, or split air conditioning system supplier to Venezuela, accounting for a 81% share of total imports. Moreover, imports of window or wall air conditioning systems, self-contained or split-systems from China exceeded the figures recorded by the second-largest supplier, Chile (X units), sixfold. The third position in this ranking was taken by Panama (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+6.2% per year) and Panama (-27.5% per year).

In value terms, China ($X) constituted the largest supplier of window or wall air conditioning systems, self-contained or split-systems to Venezuela, comprising 66% of total imports. The second position in the ranking was held by Chile ($X), with a 26% share of total imports. It was followed by Panama, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (+7.2% per year) and Panama (-26.5% per year).

Import Prices by Country

In 2022, the average import price for window or wall air conditioning systems, self-contained or split-systems amounted to $X per unit, declining by -4.3% against the previous year. Over the period under review, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2016 an increase of 27% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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