Venezuela: Pedestrian-Controlled Tractor Market 2022

Pedestrian-Controlled Tractor Market Size in Venezuela

In 2021, after three years of growth, there was significant decline in the Venezuelan pedestrian-controlled tractor market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2017 indices. Pedestrian-controlled tractor consumption peaked at $X in 2020, and then contracted in the following year.

Pedestrian-Controlled Tractor Production in Venezuela

In value terms, pedestrian-controlled tractor production declined to $X in 2021 estimated in export price. In general, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank in the following year.

Pedestrian-Controlled Tractor Exports

Exports from Venezuela

In 2021, overseas shipments of pedestrian-controlled tractors decreased by X% to less than X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, pedestrian-controlled tractor exports amounted to less than $X in 2021. Overall, exports saw a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Uruguay (X units) was the main destination for pedestrian-controlled tractor exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Uruguay was relatively modest.

From 2012 to 2018, the average annual growth rate of value to Uruguay was relatively modest.

Export Prices by Country

In 2018, the average pedestrian-controlled tractor export price amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in the near future.

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

From 2012 to 2018, the rate of growth in terms of prices for Uruguay amounted to X% per year.

Pedestrian-Controlled Tractor Imports

Imports into Venezuela

In 2021, overseas purchases of pedestrian-controlled tractors were finally on the rise to reach X units after two years of decline. Overall, imports, however, faced a dramatic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, pedestrian-controlled tractor imports dropped to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest supplier of pedestrian-controlled tractor to Venezuela, with a X% share of total imports. Moreover, pedestrian-controlled tractor imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil amounted to -X%.

In value terms, Brazil ($X) constituted the largest supplier of pedestrian-controlled tractor to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Brazil stood at -X%.

Import Prices by Country

In 2021, the average pedestrian-controlled tractor import price amounted to $X per unit, falling by -X% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pedestrian-controlled tractor import price increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per unit in 2020, and then dropped notably in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+X%).

Source: IndexBox Platform