Venezuela: Electromagnetic Lifting Head Market 2024

Electromagnetic Lifting Head Market Size in Venezuela

The Venezuelan electromagnetic lifting head market reduced modestly to $X in 2022, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a precipitous setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electromagnetic Lifting Head Exports

Exports from Venezuela

In 2022, approx. X kg of electromagnets and electromagnetic lifting heads were exported from Venezuela; jumping by X% against 2021 figures. Over the period under review, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, electromagnetic lifting head exports surged to $X in 2022. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Panama (X kg) was the main destination for electromagnetic lifting head exports from Venezuela, with a X% share of total exports. Moreover, electromagnetic lifting head exports to Panama exceeded the volume sent to the second major destination, Spain (X kg), ninefold. Chile (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Panama totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Chile (X% per year).

In value terms, the largest markets for electromagnetic lifting head exported from Venezuela were Panama ($X), Chile ($X) and Spain ($X), together comprising X% of total exports.

Spain, with a CAGR of X%, recorded the highest growth rate of 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

The average electromagnetic lifting head export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Canada ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electromagnetic Lifting Head Imports

Imports into Venezuela

Electromagnetic lifting head imports into Venezuela dropped to X tons in 2022, shrinking by X% against the previous year. Over the period under review, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electromagnetic lifting head imports shrank to $X in 2022. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X kg), the United States (X kg) and the Czech Republic (X kg) were the main suppliers of electromagnetic lifting head imports to Venezuela, together comprising X% of total imports. Japan, Sweden, Italy, Spain, Germany and Panama lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of electromagnets and electromagnetic lifting heads to Venezuela, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average electromagnetic lifting head import price amounted to $X per ton, standing approx. at the previous year. Over the period under review, import price indicated a remarkable increase 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, electromagnetic lifting head import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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