Venezuela: Positive Displacement Pump Market 2022

Positive Displacement Pump Market Size in Venezuela

The Venezuelan positive displacement pump market contracted rapidly to $X in 2021, reducing 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 sharp setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Positive Displacement Pump Exports

Exports from Venezuela

Positive displacement pump exports from Venezuela amounted to X units in 2021, approximately equating the year before. Over the period under review, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, positive displacement pump exports contracted slightly to $X in 2021. Overall, exports showed a dramatic descent. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X units) was the main destination for positive displacement pump exports from Venezuela, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at -X%.

In value terms, Colombia ($X) also remains the key foreign market for positive displacement pump exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Colombia amounted to -X%.

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the export price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to +X% per year.

Positive Displacement Pump Imports

Imports into Venezuela

In 2021, approx. X units of positive displacement pumps and hand pumps were imported into Venezuela; shrinking by -X% on the previous year's figure. Over the period under review, imports saw a dramatic setback. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, positive displacement pump imports dropped dramatically to $X in 2021. Overall, imports faced a dramatic descent. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Panama (X units) were the main suppliers of positive displacement pump imports to Venezuela, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of -X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Taiwan (Chinese) ($X) and Panama ($X) were the largest positive displacement pump suppliers to Venezuela, with a combined X% share of total imports.

Taiwan (Chinese), with a CAGR of -X%, recorded the highest growth rate of 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 positive displacement pump import price stood at $X per unit in 2021, surging by X% against the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price 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, positive displacement pump import price increased by +X% against 2017 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform