Venezuela: Industrial Bakery Machinery Market 2023

Industrial Bakery Machinery Exports

Exports from Venezuela

In 2020, overseas shipments of industrial bakery machinery decreased by 0% to X units, falling for the second consecutive year after two years of decline. Over the period under review, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 60%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports declined rapidly to $X in 2020. Overall, exports recorded a precipitous setback. The pace of growth appeared the most rapid in 2015 with an increase of 2,709% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

From 2012 to 2022, the average annual rate of growth in terms of volume to No country was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to the Dominican Republic stood at -17.2%.

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 287%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +72.2% per year.

Industrial Bakery Machinery Imports

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in supplies from abroad of industrial bakery machinery, when their volume decreased by -39.3% to X units. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 873%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports reduced markedly to $X in 2022. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1,552% against the previous year. 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

In 2022, Italy (X units) constituted the largest supplier of industrial bakery machinery to Venezuela, accounting for a 36% share of total imports. Moreover, industrial bakery machinery imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled -14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.5% per year) and Spain (+15.2% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial bakery machinery to Venezuela, comprising 35% of total imports. The second position in the ranking was held by Spain ($X), with a 5.5% share of total imports. It was followed by China, with a 5.2% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled -20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+11.2% per year) and China (-0.0% per year).

Import Prices by Country

In 2022, the average industrial bakery machinery import price amounted to $X per unit, reducing by -12.6% against the previous year. Overall, the import price saw a drastic downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by 70%. The import price peaked at $X per unit in 2012; however, from 2013 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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