
Venezuela - Ships, Vessels, Ferry-Boats for the Transport of Persons - Market Analysis, Forecast, Size, Trends and Insights
Venezuela: Shipping Market 2022
Shipping Market Size in Venezuela
In 2021, the Venezuelan shipping market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, saw a abrupt decline. 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.
Shipping Production in Venezuela
In value terms, shipping production expanded to $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the production volume increased by 35%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Shipping Exports
Exports from Venezuela
Shipping exports from Venezuela was estimated at X units in 2020, remaining relatively unchanged against 2019 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 244%. As a result, the exports attained the peak of X units. From 2015 to 2020, the growth of the exports failed to regain momentum.
In value terms, shipping exports totaled $X in 2020. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 42%. The exports peaked in 2020 and are likely to see steady growth in years to come.
Exports by Country
The Dominican Republic (X units) was the main destination for shipping exports from Venezuela, accounting for a approx. 100% share of total exports.
From 2013 to 2020, the average annual growth rate of volume to the Dominican Republic amounted to -15.2%.
From 2013 to 2020, the average annual growth rate of value to the Dominican Republic stood at +54.8%.
Export Prices by Country
The average shipping export price stood at $X per unit in 2020, almost unchanged from the previous year. Over the period under review, the export price posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 542%. Over the period under review, the average export prices hit record highs in 2020 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2013 to 2020, the rate of growth in terms of prices for the Dominican Republic amounted to +82.5% per year.
Shipping Imports
Imports into Venezuela
In 2021, purchases abroad of ships, vessels, ferry-boats for the transport of persons was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,268% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, shipping imports reduced to $X in 2021. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 806%. Over the period under review, imports attained the peak figure at $X in 2020, and then fell in the following year.
Imports by Country
In 2021, the United States (X units) was the main supplier of shipping to Venezuela, accounting for a approx. 100% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from the United States stood at +65.2%.
In value terms, the United States ($X) constituted the largest supplier of shipping to Venezuela.
From 2012 to 2021, the average annual growth rate of value from the United States stood at +67.2%.
Import Prices by Country
In 2021, the average shipping import price amounted to $X per unit, shrinking by -18.5% against the previous year. Overall, the import price, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then fell markedly in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.8% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the shipping market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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