Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela - 2022

Contents:

  1. Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (CIF) - 2022
  2. Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (FOB) - 2022
  3. Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela
  4. Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela

Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (CIF) - 2022

In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $27 per unit, shrinking by -11.3% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 67% against the previous year. Over the period under review, average import prices hit record highs at $199 per unit in 2014; however, from 2015 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 Switzerland ($347 per unit), while the price for Belgium ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (FOB) - 2022

The average export price for tools; for working in the hand, pneumatic, other than rotary type stood at $278 per unit in 2022, dropping by -11.9% against the previous year. In general, the export price, however, saw noticeable growth. The pace of growth appeared the most rapid in 2014 an increase of 236% against the previous year. The export price peaked at $497 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($576 per unit), while the average price for exports to Costa Rica ($33 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 Colombia (+21.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela

In 2022, the amount of tools; for working in the hand, pneumatic, other than rotary type imported into Venezuela soared to 5.4K units, picking up by 108% against the year before. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 604% against the previous year. Over the period under review, imports of tools; for working in hand, pneumatic, other than rotary type attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type surged to $144K in 2022. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 313% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom23.54.919.429.78.1%
Malaysia13.83.113.923.519.4%
United States18.72.33.121.85.2%
China1.70.58.719.9127.1%
Japan5.51.03.75.0-3.1%
Aruba2.30.62.74.928.7%
South Korea6.01.03.23.9-13.4%
India1.60.42.20.3-42.8%
Others24.95.221.335.512.5%
Total97.919.078.214413.7%

Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Venezuela in 2022:

  1. China (3053.0 units)
  2. United Kingdom (750.0 units)
  3. Malaysia (594.0 units)
  4. United States (238.0 units)
  5. Japan (128.0 units)
  6. Aruba (125.0 units)
  7. South Korea (99.0 units)
  8. India (40.0 units)

Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela

Exports of tools; for working in the hand, pneumatic, other than rotary type from Venezuela totaled 5 units in 2022, leveling off at 2021 figures. Over the period under review, exports saw a significant curtailment. The smallest decline of -28.6% was in 2021. The exports peaked at 15 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type fell to $1.4K in 2022. In general, exports saw a precipitous decrease. Over the period under review, the exports of tools; for working in hand, pneumatic, other than rotary type hit record highs at $4K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Colombia2,7191,3011,2521,152-24.9%
Panama815303226162-41.6%
Dominican Republic24787.063.043.0-44.2%
Costa Rica79.038.036.033.0-25.2%
ChileN/A52.0N/AN/A0%
Jamaica117N/AN/AN/A0%
OthersN/A9.0N/AN/A0%
Total3,9771,7901,5771,390-29.6%

Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Venezuela in 2022:

  1. Colombia (2.0 units)
  2. Panama (1.0 units)
  3. Dominican Republic (1.0 units)
  4. Costa Rica (1.0 units)

Source: IndexBox Market Intelligence Platform

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