Price for Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela
- Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (CIF) - 2022
In 2022, the average import price for machinery; parts of the machinery of heading no. 8425 amounted to $10,606 per ton, rising by 3.5% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 52%. Over the period under review, average import prices attained the maximum at $21,802 per ton in 2016; however, from 2017 to 2022, 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 Italy ($81,857 per ton), while the price for China ($800 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+543.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8425 amounted to $46,271 per ton, picking up by 20% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2019 an increase of 376%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($405,000 per ton), while the average price for exports to the United States ($8,874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+25.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela
In 2022, overseas purchases of machinery; parts of the machinery of heading no. 8425 decreased by -12.8% to 8 tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 118% against the previous year. As a result, imports reached the peak of 14 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of machinery; parts of the machinery of heading no. 8425 contracted to $85K in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 116% against the previous year. As a result, imports attained the peak of $180K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | 33.2 | 78.7 | 46.6 | 46.6 | 12.0% |
| Panama | 8.9 | 31.2 | 15.4 | 12.8 | 12.9% |
| Belgium | 7.6 | 16.3 | 8.8 | 8.0 | 1.7% |
| United States | 7.4 | 11.3 | 7.0 | 6.8 | -2.8% |
| South Korea | 2.4 | 5.0 | 2.6 | 2.4 | 0.0% |
| China | 2.6 | 3.7 | 1.2 | 0.5 | -42.3% |
| Spain | 1.0 | 1.6 | 0.6 | 0.4 | -26.3% |
| Others | 20.5 | 32.3 | 11.7 | 7.3 | -29.1% |
| Total | 83.5 | 180 | 93.9 | 84.7 | 0.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8425 to Venezuela in 2022:
- Trinidad and Tobago (2936.0 kg)
- Panama (1639.0 kg)
- Belgium (1061.0 kg)
- United States (724.0 kg)
- China (584.0 kg)
- South Korea (358.0 kg)
- Spain (320.0 kg)
Exports of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela
For the third consecutive year, Venezuela recorded decline in overseas shipments of machinery; parts of the machinery of heading no. 8425, which decreased by -39.9% to 140 kg in 2022. In general, exports continue to indicate a sharp decline. The smallest decline of -37.2% was in 2021.
In value terms, exports of machinery; parts of the machinery of heading no. 8425 fell significantly to $6.5K in 2022. Over the period under review, exports recorded a dramatic setback.
| Export of Machinery; Parts of the Machinery of Heading No. 8425 in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 2.1 | 7.5 | 5.4 | 3.9 | 22.9% |
| Mexico | 0.9 | 3.2 | 2.3 | 1.6 | 21.1% |
| United States | 0.5 | 1.8 | 1.3 | 0.9 | 21.6% |
| Jamaica | 13.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.2 | 12.4 | 9.0 | 6.5 | -27.7% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8425 from Venezuela in 2022:
- United States (103.0 kg)
- Panama (33.0 kg)
- Mexico (4.0 kg)
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