Venezuela: Toy Market 2024

Toy Market Size in Venezuela

The Venezuelan toy market expanded to $X in 2022, surging by X% against the previous year. Overall, consumption continues to indicate a mild shrinkage. Toy consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Toy Production in Venezuela

In value terms, toy production expanded significantly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Toy Exports

Exports from Venezuela

In 2022, toy exports from Venezuela skyrocketed to X tons, jumping by X% compared with 2021. In general, exports, however, faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, toy exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Canada (X kg) and Trinidad and Tobago (X kg) were the main destinations of toy exports from Venezuela, together accounting for X% of total exports. Estonia, Finland, the UK, Chile and Moldova lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Estonia ($X) and Canada ($X) were the largest markets for toy exported from Venezuela worldwide, with a combined X% share of total exports. Finland, Chile, the UK, Moldova and Trinidad and Tobago lagged somewhat behind, together comprising a further X%.

Moldova, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average toy export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Trinidad and Tobago ($X 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 Bahrain (X%), while the prices for the other major destinations experienced a decline.

Toy Imports

Imports into Venezuela

In 2022, approx. X tons of dolls and toys were imported into Venezuela; which is down by X% against 2021 figures. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, toy imports declined dramatically to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main toy supplier to Venezuela, with a X% share of total imports. It was followed by the United States (X tons), with a X% share of total imports. The third position in this ranking was taken by Hong Kong SAR (X kg), with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of dolls and toys to Venezuela, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with less than X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average toy import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, toy import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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