Report Update Apr 1, 2024

Venezuela - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in Venezuela

The Venezuelan electric rotary converter market fell sharply to $X in 2021, waning by -37.3% 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 recorded a sharp shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from Venezuela

In 2017, approx. X units of electric rotary converters were exported from Venezuela; almost unchanged from the year before. Over the period under review, exports faced a sharp contraction. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2017, the exports failed to regain momentum.

In value terms, electric rotary converter exports totaled $X in 2017. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2017, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for electric rotary converter exports from Venezuela, with a approx. 100% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Chile was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2017, almost unchanged from the previous year. In general, the export price showed a pronounced expansion. The most prominent rate of growth was recorded in 2014 when the average export price decreased by 99.9%. The export price peaked in 2017 and is likely to see gradual growth in years to come.

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

From 2013 to 2017, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Electric Rotary Converter Imports

Imports into Venezuela

In 2021, the amount of electric rotary converters imported into Venezuela declined rapidly to X units, which is down by -41.7% on 2020 figures. Overall, imports saw a sharp downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 312%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric rotary converter imports shrank dramatically to $X in 2021. In general, imports saw a significant contraction. The most prominent rate of growth was recorded in 2015 with an increase of 454% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Panama (X units) and Russia (X units) were the main suppliers of electric rotary converter imports to Venezuela. Moreover, electric rotary converter imports in China exceeded the figures recorded by the second-largest supplier, Panama, twofold.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of -4.4%), while purchases for the other leaders experienced a decline.

In value terms, Russia ($X) constituted the largest supplier of electric rotary converters to Venezuela, comprising 71% of total imports. The second position in the ranking was held by Panama ($X), with an 11% share of total imports. It was followed by China, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+5.5% per year) and China (-22.4% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, growing by 27% against the previous year. In general, the import price posted a buoyant increase. The growth pace was the most rapid in 2017 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric rotary converters in the world?

The countries with the highest volumes of consumption in 2021 were the United States, Malaysia and the Netherlands, with a combined 60% share of global consumption. These countries were followed by Hong Kong SAR, Nigeria, Canada, Latvia, Vietnam, Switzerland and the UK, which together accounted for a further 25%.

What are the largest producers of electric rotary converters in the world?

Malaysia constituted the country with the largest volume of electric rotary converter production, accounting for 31% of total volume. Moreover, electric rotary converter production in Malaysia exceeded the figures recorded by the second-largest producer, Hong Kong SAR, twofold. The third position in this ranking was held by Germany, with an 11% share.

What are the leading suppliers of electric rotary converters to Venezuela?

In value terms, Russia constituted the largest supplier of electric rotary converters to Venezuela, comprising 71% of total imports. The second position in the ranking was taken by Panama, with an 11% share of total imports. It was followed by China, with a 9.9% share.

What is the average export price for electric rotary converters in Venezuela?

The average electric rotary converter export price stood at $137 per unit in 2017, stabilizing at the previous year.

What is the average import price for electric rotary converters in Venezuela?

In 2021, the average electric rotary converter import price amounted to $2,132 per unit, growing by 27% against the previous year.

This report provides an in-depth analysis of the electric rotary converter 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.

Product coverage:

Prodcom 27113270 - Rotary converters

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023