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Venezuela

The world's most comprehensive market research on consumer products, commercial industries, demographics trends and consumer lifestyles in Venezuela.

Venezuela StatisticsConsumer Lifestyles in Venezuela

Venezuela Country BriefingsFuture Demographics: Venezuela in 2030

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    Country Profile

    Venezuela: Country Profile

    Oct 2017

    Venezuela’s economy continues to contract. Hyperinflation and deep structural weaknesses perpetuate the economic slide and are unlikely to be addressed by the present government. Cash shortages, a steady fall in oil output, the disappearance of ...

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    Country Report

    Car Rental in Venezuela

    Sep 2017

    Car rental in Venezuela faced exceptional constraints regarding the availability of new cars in 2017, as a result of the monopoly on foreign exchange managed by the government. The seven car assembly companies continued to be unable to access the ...

    US$990
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    Country Report

    Airlines in Venezuela

    Sep 2017

    Many airlines have left the Venezuelan market, after lengthy disputes over billions of dollars that the government owes them. They say that the administration of President Nicolás Maduro has not reimbursed companies in hard currency for the sale of ...

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    Country Report

    Flows in Venezuela

    Sep 2017

    In 2017, the official exchange rate for tourism transactions increased to VEF2,700 per US dollar. With an expected inflation rate of over 700%, the overvaluation of the domestic currency continued to hinder the competitive position of Venezuela ...

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    Country Report

    Intermediaries in Venezuela

    Sep 2017

    2017 was a year full of uncertainty for the tourism industry; intermediaries managed to grow by 128% thanks to the large devaluation of the domestic currency, but compared with the previous year this was more than 30 percentage points lower, due to ...

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    Country Report

    Lodging in Venezuela

    Sep 2017

    The high inflation rate observed for food and beverages continued to play an important role in the cost structure of hotels, as breakfast is typically included in the room charge, thereby increasing the pressure on margins. During 2017, hotels ...

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    Country Report

    Online Travel Sales To Residents in Venezuela

    Sep 2017

    Online sales in the tourism industry were underdeveloped in Venezuela in 2017, due to restrictions on foreign exchange and the widespread perception of a high risk of ID fraud, preventing or discouraging Venezuelans from conducting business online. ...

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    Country Report

    Travel in Venezuela

    Sep 2017

    In 2017, the government announced a new devaluation of the bolivar, which was not enough to restore the competitiveness of the travel industry. In particular, luxury hotels continued to show some of the highest room rates in US dollar terms within ...

    US$2,100
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    Country Briefing

    Economy, Finance and Trade: Venezuela

    Sep 2017

    Low oil prices since mid-2014 and economic mismanagement have led to a severe recession and extremely elevated inflation in Venezuela. Given that nearly all exports come from hydrocarbons, the external sector has experienced a severe contraction, ...

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    Country Briefing

    Natural Resources: Venezuela

    Sep 2017

    Although Venezuela has the world’s largest proven oil reserves, falling production and lack of investment, coupled with subdued oil prices, are proving to be major challenges for the government. Limited access to imports has also caused food ...

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    Country Briefing

    Income and Expenditure: Venezuela

    Aug 2017

    Venezuela’s consumer market was the worst performer amongst Latin American economies over 2011-2016, reflecting high levels of economic and political instability in the country. Venezuela’s uncertain environment and economic distortions (including ...

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    Country Briefing

    Business Dynamics: Venezuela

    Aug 2017

    Venezuela’s business landscape continues to suffer from high levels of state intervention, as well as unfavourable trade and investment policies, which deter foreign direct investment (FDI) and dampen the development of the private sector. Weak ...

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    Country Report

    In-Car Entertainment in Venezuela

    Aug 2017

    A complex economic environment negatively impacted retailers and consumers in this category in 2017. Total sales of new vehicles, as reported by the Automotive Chamber or Venezuela (CAVENEZ) reached almost 2,700 units between May 2016 and April 2017,...

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    Country Report

    Computers and Peripherals in Venezuela

    Aug 2017

    In 2017 volume sales of computers and peripherals continued to decline. In terms of private companies’ purchases, economic uncertainty and declines in consumption negatively affected companies’ decisions over the short term. Retail volume sales of ...

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    Country Report

    Home Audio and Cinema in Venezuela

    Aug 2017

    Imports of home audio and cinema products continued to be constrained by the insufficient supply of foreign currency in a market tightly controlled by the government. Any importer must have a government certification that the item is not being ...

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    Country Report

    Home Video in Venezuela

    Aug 2017

    Volume sales of home video declined by 44% in 2017, driven by a fall in sales of televisions. Suppliers are slowly replenishing inventories after the price freeze and subsequent purchase frenzy of electronics produced by an order given by President ...

    US$990
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    Country Report

    Imaging Devices in Venezuela

    Aug 2017

    Imaging devices recorded a volume decline of 41% driven by a fall in digital cameras, since camcorders only represent 2% of all imaging devices sold in 2017. Traditionally, these products are considered luxuries whilst the economic recession and high...

    US$990
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    Country Report

    Mobile Phones in Venezuela

    Aug 2017

    Lower sales of mobile phones can be traced back to a sharp reduction of the supply caused by limited access to foreign currency for imports. Whenever a telecom operator wants to purchase mobile phones, it must introduce an application for foreign ...

    US$990
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    Country Report

    Consumer Electronics in Venezuela

    Aug 2017

    An erratic and uneven supply in the market of consumer electronics is the result of a complex regulatory environment created by the Venezuelan government. The extremely challenging business environment that prevails in the country has resulted in a ...

    US$2,640
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    Country Report

    Portable Players in Venezuela

    Aug 2017

    In 2017, as in all categories in consumer electronics, limited supply and higher prices characterised the portable media players landscape. A falling trend in portable multimedia players, which made up 96% of sales in this category in 2017, drove the...

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