Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela - 2022

Contents:

  1. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (CIF) - 2022
  2. Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (FOB) - 2022
  3. Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela
  4. Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (CIF) - 2022

In 2022, the average import price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $54 per unit, shrinking by -51.6% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when the average import price increased by 95%. As a result, import price reached the peak level of $222 per unit. From 2020 to 2022, the average import prices failed to regain momentum.

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 the United States ($132 per unit), while the price for China amounted to $40 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-2.7%).

Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (FOB) - 2022

The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $52 per unit in 2022, growing by 23% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 268% against the previous year. As a result, the export price attained the peak level of $99 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($72 per unit), while the average price for exports to Guatemala amounted to $13 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-17.4%), while the prices for the other major destinations experienced a decline.

Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela

For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of sound recording or reproducing apparatus; turntables (record-decks)s, which increased by 534% to 1.8K units in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s surged to $96K in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A60.00%
United States10.217.931.236.352.7%
OthersN/AN/A0.1N/A0%
Total10.217.931.496.3111.4%

Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Venezuela in 2022:

  1. China (1499.0 units)
  2. United States (275.0 units)

Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela

In 2022, overseas shipments of sound recording or reproducing apparatus; turntables (record-decks)s decreased by -57.1% to 3 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when exports increased by 133% against the previous year. As a result, the exports attained the peak of 7 units, and then contracted rapidly in the following year.

In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s shrank remarkably to $157 in 2022. In general, exports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 90% against the previous year. As a result, the exports attained the peak of $299, and then reduced dramatically in the following year.

Export of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/AN/A1440%
Guatemala11315717.013.0-51.4%
ThailandN/AN/A42.0N/A0%
SwitzerlandN/AN/A9.0N/A0%
ChileN/AN/A98.0N/A0%
FranceN/AN/A133N/A0%
Angola61.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total174157299157-3.4%

Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Venezuela in 2022:

  1. Spain (2.0 units)
  2. Guatemala (1.0 units)

Source: IndexBox Market Intelligence Platform

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