Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela - 2022
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $82 per unit, with a decrease of -49.8% against the previous year. In general, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. Over the period under review, average import prices hit record highs at $634 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 the United States ($267 per unit), while the price for Brazil ($9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-9.2%), while the prices for the other major suppliers experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $59 per unit, with a decrease of -23.5% against the previous year. In general, the export price showed a sharp curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 306%. Over the period under review, the average export prices hit record highs at $1,233 per unit in 2013; however, from 2014 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 the United States ($83 per unit), while the average price for exports to Ecuador ($1 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 (-18.9%), while the prices for the other major destinations experienced a decline.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela
In 2022, overseas purchases of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) increased by 454% to 1.8K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) surged to $148K in 2022. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 47.1 | 38.0 | 25.6 | 73.3 | 15.9% |
| France | 10.2 | 8.5 | 6.0 | 17.7 | 20.2% |
| United States | 19.7 | 11.9 | 6.0 | 10.4 | -19.2% |
| China | 0.1 | 0.2 | 0.3 | 6.5 | 302.1% |
| Singapore | 2.9 | 2.6 | 2.0 | 6.3 | 29.5% |
| Japan | 6.6 | 4.5 | 2.6 | 6.2 | -2.1% |
| Mexico | 2.7 | 2.0 | 1.3 | 3.4 | 8.0% |
| Netherlands | 1.5 | 1.3 | 1.0 | 3.2 | 28.7% |
| Belgium | 2.6 | 1.9 | 1.2 | 3.0 | 4.9% |
| Hong Kong SAR | 2.3 | 1.7 | 1.0 | 2.6 | 4.2% |
| South Korea | 8.9 | 3.3 | 1.0 | 0.6 | -59.3% |
| Others | 10.2 | 8.1 | 5.4 | 15.0 | 13.7% |
| Total | 115 | 84.0 | 53.3 | 148 | 8.8% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Venezuela in 2022:
- Sweden (750.0 units)
- China (376.0 units)
- France (181.0 units)
- Mexico (138.0 units)
- Singapore (65.0 units)
- Japan (64.0 units)
- United States (39.0 units)
- Netherlands (33.0 units)
- Belgium (31.0 units)
- Hong Kong SAR (27.0 units)
- South Korea (7.0 units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela
For the fourth year in a row, Venezuela recorded growth in overseas shipments of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion), which increased by 25% to 10 units in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) dropped modestly to $589 in 2022. Overall, exports, however, faced a abrupt contraction. The smallest decline of -3.7% was in 2021. Over the period under review, the exports of tools; for working in hand, pneumatic, rotary type (including combined rotary-percussion) hit record highs at $1.1K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,034 | 624 | 602 | 578 | -17.6% |
| Panama | 18.0 | 11.0 | 10.0 | 9.0 | -20.6% |
| Chile | 13.0 | 2.0 | 2.0 | 1.0 | -57.5% |
| Ecuador | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Dominican Republic | N/A | 2.0 | 1.0 | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,066 | 640 | 616 | 589 | -17.9% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Venezuela in 2022:
- United States (7.0 units)
- Panama (1.0 units)
- Chile (1.0 units)
- Ecuador (1.0 units)
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