Venezuela - Outboard Motors for Marine Propulsion - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOutboard Boat Motors Price in Venezuela - 2022
Contents:
- Outboard Boat Motors Price in Venezuela (CIF) - 2022
- Outboard Boat Motors Price in Venezuela (FOB) - 2022
- Outboard Boat Motors Imports in Venezuela
- Outboard Boat Motors Exports in Venezuela
Outboard Boat Motors Price in Venezuela (CIF) - 2022
The average outboard boat motors import price stood at $2,749 per unit in 2022, declining by -18.5% against the previous year. In general, the import price showed a slight setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52%. As a result, import price reached the peak level of $4,911 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
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 Panama ($5,279 per unit), while the price for China ($642 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Outboard Boat Motors Price in Venezuela (FOB) - 2022
The average outboard boat motors export price stood at $4,826 per unit in 2022, increasing by 56% against the previous year. Over the period under review, the export price recorded a strong increase. The growth pace was the most rapid in 2021 when the average export price increased by 1,231%. The export price peaked in 2022 and is expected to retain growth in years to come.
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 Guyana ($7,019 per unit), while the average price for exports to Costa Rica ($94 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 Guyana (+0.3%), while the prices for the other major destinations experienced a decline.
Outboard Boat Motors Imports in Venezuela
In 2022, the amount of outboard motors for marine propulsion imported into Venezuela soared to 1.6K units, picking up by 51% against the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +92.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, outboard boat motors imports surged to $4.3M in 2022. Over the period under review, imports, however, recorded a pronounced setback. Over the period under review, imports hit record highs at $5M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Outboard Boat Motors in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,719 | 2,337 | 2,685 | 3,216 | -4.7% |
| China | 148 | 157 | 308 | 356 | 34.0% |
| United States | 254 | 74.8 | 65.0 | 210 | -6.1% |
| Panama | 244 | 58.0 | 127 | 137 | -17.5% |
| Spain | 74.2 | 86.2 | 98.2 | 119 | 17.1% |
| Dominican Republic | 92.3 | 95.2 | 96.2 | 104 | 4.1% |
| Thailand | 232 | 107 | 21.6 | 51.8 | -39.3% |
| Others | 187 | 29.5 | 106 | 129 | -11.6% |
| Total | 4,951 | 2,944 | 3,507 | 4,324 | -4.4% |
Top Suppliers of Outboard Boat Motors to Venezuela in 2022:
- Japan (786.0 units)
- China (555.0 units)
- United States (58.0 units)
- Spain (35.0 units)
- Panama (26.0 units)
- Dominican Republic (21.0 units)
- Thailand (16.0 units)
Outboard Boat Motors Exports in Venezuela
After three years of growth, shipments abroad of outboard motors for marine propulsion decreased by -35.5% to 20 units in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 520%. As a result, the exports reached the peak of 31 units, and then fell remarkably in the following year.
In value terms, outboard boat motors exports amounted to $97K in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 8,150%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Outboard Boat Motors in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 1.8 | 1.0 | 43.2 | 91.3 | 270.2% |
| Aruba | 0.2 | 0.1 | 2.5 | 4.1 | 173.7% |
| Colombia | 0.1 | N/A | 0.7 | 1.1 | 122.4% |
| Costa Rica | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Trinidad and Tobago | N/A | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 49.5 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2.1 | 1.2 | 96.0 | 96.5 | 258.2% |
Top Export Markets for Outboard Boat Motors from Venezuela in 2022:
- Guyana (13.0 units)
- Aruba (4.0 units)
- Colombia (2.0 units)
- Costa Rica (1.0 units)
This report provides an in-depth analysis of the outboard boat motors 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 28111100 - Marine propulsion spark ignition reciprocating or rotary internal combustion piston engines, outboard motors
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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