Venezuela: Market for Machinery for Filtering or Purifying Gases 2024

Market Size for Machinery for Filtering or Purifying Gases in Venezuela

The Venezuelan market for machinery for filtering or purifying gases shrank slightly to $X in 2022, declining by X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery for Filtering or Purifying Gases in Venezuela

In value terms, production of machinery for filtering or purifying gases fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Machinery for Filtering or Purifying Gases

Exports from Venezuela

After two years of decline, overseas shipments of machinery for filtering or purifying gases increased by X% to X units in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of machinery for filtering or purifying gases surged to $X in 2022. Overall, exports enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units), Colombia (X units) and Nicaragua (X units) were the main destinations of exports of machinery for filtering or purifying gases from Venezuela, with a combined X% share of total exports.

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

In value terms, the largest markets for machinery for filtering or purifying gases exported from Venezuela were Colombia ($X), Ecuador ($X) and Nicaragua ($X), with a combined X% share of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 export price for machinery for filtering or purifying gases amounted to $X per unit, dropping by X% against the previous year. In general, the export price faced a abrupt setback. The growth pace was the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the Dominican Republic ($X 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 Dominican Republic (X%), while the prices for the other major destinations experienced a decline.

Imports of Machinery for Filtering or Purifying Gases

Imports into Venezuela

In 2022, approx. X units of machinery for filtering or purifying gases were imported into Venezuela; waning by X% against the previous year. Overall, imports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machinery for filtering or purifying gases shrank rapidly to $X in 2022. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machinery for filtering or purifying gases supplier to Venezuela, with a X% share of total imports. Moreover, imports of machinery for filtering or purifying gases from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. The third position in this ranking was held by Brazil (X units), with an X% share.

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

In value terms, the largest machinery for filtering or purifying gases suppliers to Venezuela were the United States ($X), China ($X) and Brazil ($X), with a combined X% share of total imports. Belgium, the Netherlands, Germany, Spain, Mexico, Austria and Canada lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for machinery for filtering or purifying gases amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, recorded perceptible growth. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained 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 Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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