Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela - 2022
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (CIF) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (FOB) - 2022
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (CIF) - 2022
In 2022, the average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) amounted to $848 per unit, waning by -35.9% against the previous year. Overall, the import price saw a abrupt setback. The growth pace was the most rapid in 2014 when the average import price increased by 108%. Over the period under review, average import prices hit record highs at $17,540 per unit in 2015; however, from 2016 to 2022, import prices stood 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 ($8,637 per unit), while the price for Mexico ($366 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.6%), while the prices for the other major suppliers experienced a decline.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) stood at $31,959 per unit in 2022, surging by 12% against the previous year. In general, the export price posted strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 365% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($84,968 per unit), while the average price for exports to the Netherlands ($4 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 the United States (+9.4%), while the prices for the other major destinations experienced a decline.
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) imported into Venezuela skyrocketed to 6.5K units, with an increase of 17% compared with the previous year's figure. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 221% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank significantly to $5.5M in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. As a result, imports reached the peak of $7.4M, and then shrank rapidly in the following year.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 272 | 1,248 | 3,385 | 2,301 | 103.8% |
| Democratic People's Republic of Korea | 522 | 549 | 770 | 640 | 7.0% |
| Mexico | 132 | 168 | 285 | 286 | 29.4% |
| Austria | 179 | 188 | 265 | 220 | 7.1% |
| Malaysia | 55.4 | 69.1 | 115 | 113 | 26.8% |
| Others | 2,157 | 1,721 | 2,546 | 1,963 | -3.1% |
| Total | 3,317 | 3,944 | 7,366 | 5,524 | 18.5% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) to Venezuela in 2022:
- China (4.6K units)
- Mexico (0.8K units)
- Democratic People's Republic of Korea (0.3K units)
- Malaysia (0.1K units)
- Austria (0.1K units)
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela
In 2022, the amount of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) exported from Venezuela dropped sharply to 16 units, with a decrease of -23.8% on the year before. Overall, exports showed a precipitous decline. The exports peaked at 124 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) shrank to $511K in 2022. In general, exports saw a abrupt setback. The smallest decline of -14.3% was in 2020. Over the period under review, the exports of attained the peak figure at $812K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 411 | 689 | 595 | 510 | 7.5% |
| Colombia | 1.6 | 2.4 | 1.8 | 1.4 | -4.4% |
| Panama | 400 | 0.1 | 0.1 | 0.1 | -93.7% |
| Aruba | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| Trinidad and Tobago | N/A | 4.3 | N/A | N/A | 0% |
| Netherlands | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 812 | 696 | 597 | 511 | -14.3% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) from Venezuela in 2022:
- United States (6.0 units)
- Aruba (4.0 units)
- Colombia (4.0 units)
- Panama (1.0 units)
- Netherlands (1.0 units)
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