Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela - 2022

Contents:

1. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela
4. Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela (CIF) - 2022

The average import price for machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $88,919 per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 80%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Japan ($1,051,750 per ton), while the price for China ($29,421 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, for the machines of heading no. 8464 amounted to $62,373 per ton, growing by 6.4% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machine-tools; parts and accessories, for the machines of heading no. 8464 increased by +26.2% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $80,074 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($359,000 per ton), while the average price for exports to Germany ($39,500 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela

For the third consecutive year, Venezuela recorded decline in overseas purchases of machine-tools; parts and accessories, for the machines of heading no. 8464, which decreased by -35.5% to 358 kg in 2022. In general, imports recorded a precipitous shrinkage. The smallest decline of -9.5% was in 2021.

In value terms, imports of machine-tools; parts and accessories, for the machines of heading no. 8464 dropped rapidly to $32K in 2022. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year.

Top Suppliers of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 to Venezuela in 2022:

1. China (247.0 kg)
2. United States (81.0 kg)
3. Japan (8.0 kg)

Exports of Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 in Venezuela

After three years of growth, overseas shipments of machine-tools; parts and accessories, for the machines of heading no. 8464 decreased by -5.6% to 51 kg in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year.

In value terms, exports of machine-tools; parts and accessories, for the machines of heading no. 8464 stood at $3.2K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, the exports of machine-tools; parts and accessories, for machines of heading no. 8464 attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Machine-Tools; Parts and Accessories, for the Machines of Heading No. 8464 from Venezuela in 2022:

1. Panama (33.0 kg)
2. United States (9.0 kg)
3. Germany (8.0 kg)
4. Italy (1.0 kg)

Source: IndexBox Market Intelligence Platform