Venezuela: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Venezuela

The Venezuelan market for primary cells and primary batteries reduced notably to $X in 2022, falling 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). In general, consumption recorded a abrupt shrinkage. Primary cells and primary batteries consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Primary Cells And Primary Batteries

Exports from Venezuela

In 2022, after four years of growth, there was significant decline in shipments abroad of primary cells and primary batteries, when their volume decreased by X% to X units. Overall, exports showed a sharp slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries exports reduced to $X in 2022. In general, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Lebanon (X units) was the main destination for primary cells and primary batteries exports from Venezuela, accounting for a X% share of total exports. Moreover, primary cells and primary batteries exports to Lebanon exceeded the volume sent to the second major destination, Chile (X units), eightfold. The third position in this ranking was taken by Germany (X units), with a X% share.

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

In value terms, Lebanon ($X), Aruba ($X) and Chile ($X) constituted the largest markets for primary cells and primary batteries exported from Venezuela worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Lebanon, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a strong increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per unit), while the average price for exports to Germany ($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 Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Venezuela

In 2022, approx. X units of primary cells and primary batteries were imported into Venezuela; dropping by X% against the year before. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, primary cells and primary batteries imports fell dramatically to $X in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Panama (X units) were the main suppliers of primary cells and primary batteries imports to Venezuela, with a combined X% share of total imports. Malaysia, Belgium, Costa Rica, Brazil, Singapore, Indonesia and Colombia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of primary cells and primary batteries to Venezuela, comprising X% of total imports. The second position in the ranking was held by China ($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 the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Panama (X% per year).

Import Prices by Country

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable decrease. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Colombia ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :