Venezuela: Market for Industrial Automatic Sewing Machines 2024

Market Size for Industrial Automatic Sewing Machines in Venezuela

The Venezuelan industrial automatic sewing machine market declined sharply to $X in 2022, shrinking 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). Overall, consumption saw a precipitous shrinkage. Industrial automatic sewing machine consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Industrial Automatic Sewing Machines

Exports from Venezuela

In 2018, industrial automatic sewing machine exports from Venezuela was estimated at X units, standing approx. at the previous year. In general, exports saw a significant expansion. The smallest decline of X% was in 2017. Over the period under review, the exports hit record highs in 2018 and are likely to see steady growth in the near future.

In value terms, industrial automatic sewing machine exports stood at $X in 2018. Over the period under review, exports enjoyed a tangible expansion. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Spain (X units) was the main destination for industrial automatic sewing machine exports from Venezuela, with a X% share of total exports. Moreover, industrial automatic sewing machine exports to Spain exceeded the volume sent to the second major destination, Colombia (X units), sixfold.

From 2016 to 2018, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and the Dominican Republic (X% per year).

In value terms, the Dominican Republic ($X) emerged as the key foreign market for industrial automatic sewing machines exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports.

From 2016 to 2018, the average annual growth rate of value to the Dominican Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Spain (X% per year).

Export Prices by Country

The average industrial automatic sewing machine export price stood at $X per unit in 2018, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a dramatic setback. The pace of growth appeared the most rapid in 2017 a decrease of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2018, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2016 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Automatic Sewing Machines

Imports into Venezuela

In 2022, imports of industrial automatic sewing machines into Venezuela shrank sharply to X units, which is down by X% compared with the year before. In general, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial automatic sewing machine imports shrank notably to $X in 2022. Overall, imports showed a sharp decline. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X units), Italy (X units) and China (X units) were the main suppliers of industrial automatic sewing machine imports to Venezuela, with a combined X% share of total imports.

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

In value terms, the largest industrial automatic sewing machine suppliers to Venezuela were Hong Kong SAR ($X), Italy ($X) and China ($X), with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average industrial automatic sewing machine import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price saw resilient growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 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 the United States ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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