Venezuela - Mobile Phones - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMobile Phone Price in Venezuela - 2022
Contents:
- Mobile Phone Price in Venezuela (CIF) - 2022
- Mobile Phone Price in Venezuela (FOB) - 2022
- Mobile Phone Imports in Venezuela
- Mobile Phone Exports in Venezuela
Mobile Phone Price in Venezuela (CIF) - 2022
The average mobile phone import price stood at $114 per unit in 2022, reducing by -12.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42%. As a result, import price reached the peak level of $158 per unit. From 2016 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($120 per unit), while the price for China ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+4.5%), while the prices for the other major suppliers experienced a decline.
Mobile Phone Price in Venezuela (FOB) - 2022
In 2022, the average mobile phone export price amounted to $210 per unit, picking up by 8% against the previous year. In general, the export price, however, continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 27%. Over the period under review, the average export prices hit record highs at $232 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($451 per unit), while the average price for exports to Trinidad and Tobago ($26 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 Australia (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Mobile Phone Imports in Venezuela
In 2022, imports of mobile phones into Venezuela rose rapidly to 1.1M units, growing by 12% on the year before. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 122% against the previous year. As a result, imports attained the peak of 1.2M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, mobile phone imports contracted to $120M in 2022. In general, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.1% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 69% against the previous year. Imports peaked at $123M in 2021, and then declined in the following year.
| Import of Mobile Phone in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.8 | 102 | 120 | 118 | 40.2% |
| Chile | N/A | 0.3 | 0.9 | 1.1 | 91.5% |
| China | 1.1 | 3.2 | 1.4 | 0.6 | -18.3% |
| Panama | 25.2 | 11.5 | N/A | N/A | -54.4% |
| Others | 0.5 | 0.3 | 0.7 | 0.1 | -41.5% |
| Total | 69.5 | 117 | 123 | 120 | 20.0% |
Top Suppliers of Mobile Phone to Venezuela in 2022:
- United States (986.3K units)
- China (36.9K units)
- Chile (32.4K units)
Mobile Phone Exports in Venezuela
In 2022, overseas shipments of mobile phones were finally on the rise to reach 543 units after two years of decline. Over the period under review, exports, however, showed a dramatic shrinkage. Over the period under review, the exports hit record highs at 4K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mobile phone exports soared to $114K in 2022. Overall, exports, however, faced a precipitous curtailment. The exports peaked at $886K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Mobile Phone in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 5.8 | 94.7 | 1532.8% |
| Spain | 85.2 | 5.5 | 0.3 | 4.5 | -62.5% |
| Rwanda | N/A | N/A | N/A | 4.4 | 0% |
| Portugal | 0.8 | 1.1 | 0.1 | 3.0 | 55.4% |
| Chile | 18.4 | 12.3 | 0.3 | 1.5 | -56.6% |
| Trinidad and Tobago | N/A | N/A | N/A | 0.3 | 0% |
| Switzerland | 109 | 1.8 | 0.1 | N/A | -97.0% |
| Jordan | 20.3 | N/A | N/A | N/A | 0% |
| Senegal | 460 | 107 | 77.3 | N/A | -59.0% |
| United Kingdom | 159 | N/A | 1.0 | N/A | -92.1% |
| Others | 32.2 | 10.8 | 3.9 | 5.3 | -45.2% |
| Total | 886 | 139 | 88.9 | 114 | -49.5% |
Top Export Markets for Mobile Phone from Venezuela in 2022:
- United States (466.0 units)
- Rwanda (15.0 units)
- Chile (14.0 units)
- Trinidad and Tobago (13.0 units)
- Portugal (12.0 units)
- Spain (10.0 units)
This report provides an in-depth analysis of the mobile phone market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26302200 - Telephones for cellular networks or for other wireless networks
Country coverage:
- Venezuela
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Venezuela
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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