The Venezuelan lifting equipment market will expand to US $X in 2021, with a year-on-year growth of X%. Overall, consumption has decreased slightly. As a result, consumption reached a peak of $X. From 2016 to 2021, the market growth rate remained at a low level.

In terms of value, the output of lifting equipment in 2021 is estimated to decrease slightly to US $X according to the export price. Overall, the production shows a relatively stable trend pattern. The most significant growth rate occurred in 2014, with an increase of X%. During the review period, the output reached a peak of US $X in 2015; However, from 2016 to 2021, production failed to regain momentum.

Export scale of lifting equipment in Venezuela
In 2021, after six years of growth, the overseas shipment of lifting equipment decreased significantly, and its sales volume decreased by – x% to x sets. However, during the period under review, there was a significant increase in exports. The growth rate was the most obvious in 2017, with exports increasing by X% over the previous year. During the review period, the export volume reached a record high of X units in 2020, and then contracted in the following year.

In terms of value, the export of lifting equipment dropped sharply to US $X in 2021. Overall, however, exports continued to show significant growth. The growth rate was the most obvious in 2017, with exports increasing by X% over the previous year. Exports peaked at US $X in 2020 and then contracted significantly in the following year.

Colombia (x sets) is the main destination of Venezuela’s export of lifting equipment, accounting for about X% of the total export.

From 2012 to 2021, the average annual growth rate of freight volume to Colombia is + X%.

In terms of value, Colombia (US $x) remains the main foreign market for Venezuela’s export of lifting equipment.

From 2012 to 2021, the average annual growth rate of value to Colombia is + X%.

Import scale of lifting equipment in Venezuela
In 2021, overseas purchases of lifting equipment will increase by X% to X units, the second consecutive year of growth after three years of decline. Overall, however, imports continued to show abrupt cuts. During the period under review, imports peaked at X units in 2013; however, from 2014 to 2021, imports have remained low.

In value terms, hoisting equipment imports fell sharply to $X in 2021. During the period under review, however, there was a sudden drop in imports. The most significant growth rate occurred in 2020, when imports increased by X%. During the period under review, imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In 2021, Indonesia (X units) is the main lifting equipment supplier to Venezuela, accounting for X% of total imports. It is closely followed by Argentina (X units) with X% of total imports.

From 2012 to 2021, the average annual growth rate of sales in Indonesia totals +X%.

Indonesia (X USD) is the largest supplier of lifting equipment to Venezuela by value, accounting for X% of total imports. In second place is Argentina ($X) with X% of total imports.

From 2012 to 2021, Indonesia’s average annual growth in value totals +X%.

Statistics of various crane suppliers in Venezuela
Indonesia is Venezuela’s largest supplier of lifting equipment by value, accounting for 75% of total imports. In second place is Argentina, which accounts for 11% of total imports.

In terms of value, Colombia remains the main foreign market for Venezuelan hoisting equipment exports.

The average export price of hoisting equipment in 2021 will be $2,514 per unit, down -14.4% from the previous year.

The average import price of hoisting equipment in 2021 is $3,465 per unit, down -75.1% from the previous year.

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Analysis of lifting equipment market in Venezuela in 2022