Venezuela: Travel Set Market 2024

Travel Set Market Size in Venezuela

The Venezuelan travel set market surged to $X in 2022, picking up by X% against the previous year. In general, consumption showed prominent growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Travel Set Production in Venezuela

In value terms, travel set production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Travel Set Exports

Exports from Venezuela

After two years of decline, overseas shipments of travel sets increased by X% to X units in 2022. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, travel set exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Panama (X units), the United States (X units) and Guatemala (X units) were the main destinations of travel set exports from Venezuela, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), the United States ($X) and Guatemala ($X) were the largest markets for travel set exported from Venezuela worldwide, with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average travel set export price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. 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 lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Travel Set Imports

Imports into Venezuela

In 2022, the amount of travel sets imported into Venezuela skyrocketed to X units, with an increase of X% on 2021. Overall, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, travel set imports surged to $X in 2022. In general, imports recorded perceptible growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of travel set to Venezuela, accounting for a X% share of total imports. Moreover, travel set imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. The third position in this ranking was held by Panama (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of travel sets to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Panama, with a X% share.

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

Import Prices by Country

The average travel set import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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