After three years of decline, the Venezuelan market for pulley tackle and hoists powered by an electric motor increased by X% to $X in 2021. Over the period under review, consumption, however, continues to indicate a sharp reduction. 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.
After four years of growth, by 2021, the overseas shipment of motor driven pulley blocks and hoists decline, and their volume decrease by - X% to X sets. However, on the whole, exports increased slightly. In 2018, the growth rate was the fastest, with exports increasing by X% year on year. The export reached the peak of X sets in 2020, and then decreased slightly in the second year.
In value terms, the export of pulley blocks and hoists driven by electric motors shrink to $X in 2021. Exports continued to decline sharply during the reporting period. The most significant growth rate was X% in 2017. The export reached the peak of X dollars in 2012; However, from 2013 to 2021, exports failed to recover momentum.
Panama (X sets) is the main export destination of pulley blocks and hoists driven by Venezuelan motors. X% of the total export share.
From 2012 to 2021, the average annual growth rate of trade volume to Panama is+X%. In terms of value, Panama (US $X) is still the main overseas market for electric pulley blocks and elevators exported from Venezuela.
From 2012 to 2021, the average annual growth rate of value to Panama is+X%.
In 2021, the supply of electric pulley blocks and hoists from abroad finally start to rise, reaching X sets for the first time since 2017, thus ending the three-year downward trend. However, on the whole, imports decreased significantly. The most significant growth rate was in 2017, when imports increased by X%. In 2012, the import reached a peak of X sets; However, from 2013 to 2021, imports remain at a low level.
In terms of value, the import of pulley block and hoist driven by motor increase significantly to X dollars in 2021. However, imports declined sharply during the reporting period. The most significant growth rate occurred in 2017, with a year-on-year growth of X%. During the reporting period, imports peaked at $X in 2012; However, from 2013 to 2021, imports failed to recover momentum.
In 2021, Finlandia (X sets) become the largest supplier of pulley blocks and electric hoists in Venezuela, accounting for X% of the total import. In addition, the number of pulley blocks and motor driven cranes imported from Finland is more than three times that of Rusia (X sets), the second largest supplier. The third place is Jepang (X units), with a share of X%.
From 2012 to 2021, Finland's average annual growth rate will total - X%. The average annual import growth rate of the remaining supplier countries is as follows: Russia (- X% per year) and Japan (- X% per year). In terms of value, Finland (US $X) is Venezuela's largest supplier of pulley blocks and motor driven cranes, accounting for X% of the total imports. The second place is Russia (US $X), accounting for X% of the total import. It was followed by Japan with a market share of X%.
From 2012 to 2021, the average annual growth rate of Finland's value is - X%. The average annual import growth rate of the remaining supplier countries is as follows: Russia (- X% per year) and Japan (- X% per year).
In value terms, Finland constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Venezuela, comprising 41% of total imports. The second position in the ranking was held by Russia, with a 17% share of total imports. It was followed by Japan, with a 15% share.
In value terms, Panama remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Venezuela.
In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $50 per unit, remaining stable against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $15 per unit in 2021, declining by -1.7% against the previous year.
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