Venezuela: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Venezuela

The Venezuelan pneumatic linear acting actuator market fell dramatically 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). Over the period under review, consumption faced a deep reduction. Pneumatic linear acting actuator consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports from Venezuela

In 2022, shipments abroad of pneumatic linear acting actuators was finally on the rise to reach X units after four years of decline. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, pneumatic linear acting actuator exports reached $X in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Panama (X units) was the main destination for pneumatic linear acting actuator exports from Venezuela, with a X% share of total exports. Moreover, pneumatic linear acting actuator exports to Panama exceeded the volume sent to the second major destination, Sweden (X units), threefold.

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

In value terms, China ($X) remains the key foreign market for pneumatic linear acting actuators exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Sweden (X% per year).

Export Prices by Country

The average pneumatic linear acting actuator export price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped notably in the following year.

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

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Imports of Pneumatic Linear Acting Actuators

Imports into Venezuela

Pneumatic linear acting actuator imports into Venezuela shrank sharply to X units in 2022, which is down by X% compared with 2021 figures. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. 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, pneumatic linear acting actuator imports declined markedly to $X in 2022. Over the period under review, imports showed a dramatic shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest pneumatic linear acting actuator supplier to Venezuela, with a X% share of total imports. Moreover, pneumatic linear acting actuator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was taken by Japan (X units), with a X% share.

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

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the largest pneumatic linear acting actuator suppliers to Venezuela, with a combined X% share of total imports. Chile, Italy, Japan and France lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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