Venezuela
Venezuela StatisticsConsumer Lifestyles in VenezuelaVenezuela Country BriefingsFuture Demographics: Venezuela in 2030
Country Profile
Venezuela: Country Profile
Feb 2019
Venezuela’s economy continues to contract. Hyperinflation and severe structural weaknesses are only part of the reason for the continuing decline. Cash shortages, power shortages and the suspension of lending by Chinese banks are other limitations. ...
Country Report
Air Treatment Products in Venezuela
Feb 2019
Air treatment products has seen a further decline in retail volume terms in 2018, continuing the negative performance seen throughout the review period. Shortages of foreign exchange prevented a continuous presence of recognisable brands, while ...
Country Report
Dishwashers in Venezuela
Feb 2019
To maximise sales, companies are more inclined to import essential consumer appliances such as large cooking appliances, washing machines and fridges and as a result are neglecting dishwashers. In 2017, retailers had almost no units on sale, because ...
Country Report
Food Preparation Appliances in Venezuela
Feb 2019
Due to tighter household budgets consumers are taking greater care of their food preparation appliances, in particular blenders, carrying out maintenance and looking for technical support. During the review period, there has been evidence of ...
Country Report
Home Laundry Appliances in Venezuela
Feb 2019
As long as the current economic model remains unchanged the government is expected to continue exercising a monopoly on imports with it restricting access to foreign currency for importers and manufacturers. Furthermore, it maintains an oversight on ...
Country Report
Large Cooking Appliances in Venezuela
Feb 2019
According to industry representatives, the retail volume decline seen in large cooking appliances in 2018 is being driven by lower demand due to tightening household budgets. Venezuelan households are having to dedicate more of their income to ...
Country Report
Microwaves in Venezuela
Feb 2019
Microwaves has the potential for growth in urban centres, where lifestyles are more hectic than in rural areas where cookers and wood stoves are still present. Dynamic lifestyles have changed the habits of Venezuelan consumers, who have embraced ...
Country Report
Consumer Appliances in Venezuela
Feb 2019
The complex regulatory environment created by the Venezuelan government has resulted in a steeper contraction in volume sales of consumer appliances in 2018 than in almost any other country, with low oil prices draining government finances. ...
Country Report
Personal Care Appliances in Venezuela
Feb 2019
Beauty matters to Venezuelan consumers, as they are continuously exposed to images of physical perfection in the media. This stems from the successful participation of the country’s candidates in international beauty pageants such as Miss Universe ...
Country Report
Refrigeration Appliances in Venezuela
Feb 2019
While suppliers have been unable to replenish inventories, new arrivals have not sold out as quickly as they once did. Previously consumers were inclined to buy as many units as they could in anticipation of future shortages. However, the loss of ...
Country Report
Small Cooking Appliances in Venezuela
Feb 2019
According to Euromonitor International’s research of hot drinks, coffee is typically sold in cafés/bars, full-service restaurants and self-service cafeterias. Venezuelans are used to drinking coffee away-from-home in the morning, after lunch and/or ...
Country Report
Vacuum Cleaners in Venezuela
Feb 2019
Sales of vacuum cleaners continue to be negatively affected by Electrolux Comercial de Venezuela’s decision to reduce its operations in Venezuela in 2015. The company was no longer able to import enough merchandise to support its operating expenses, ...
Country Report
Analgesics in Venezuela
Feb 2019
In Venezuela, systemic analgesics are positioned as products for light and moderate pain and general discomfort. Acetaminophen is commonly positioned as appropriate to treat mild fever and often advertised as “safe” for dengue cases because other ...
Country Report
Cough, Cold and Allergy (Hay Fever) Remedies in Venezuela
Feb 2019
Players in Venezuela are increasingly inclined to using herbal ingredients in their preparations as a way to avoid high prices of imported standard active ingredients while taking advantage of fewer regulations over the manufacture of natural ...
Country Report
Dermatologicals in Venezuela
Feb 2019
All categories recorded volume decline, but antipruritics and nappy (diaper) rash treatments showed the smallest volume losses thanks to a more competitive environment. These are products that have attracted companies in the beauty and cosmetics ...
Country Report
Dietary Supplements in Venezuela
Feb 2019
In spite of the recessionary environment that is affecting all products in consumer health, dietary supplements is comparatively more dynamic in 2018. While there has been a loss of traditional brands, other companies are taking advantage of the void...
Country Report
Digestive Remedies in Venezuela
Feb 2019
A ban on aluminium hydroxide caused the production of antacids to stop altogether in 2014. The government’s ban on this active ingredient can be tied directly to the use of antacids as pepper spray and lachrymator agent (tear gas) blockers during the...
Country Report
Herbal/Traditional Products in Venezuela
Feb 2019
Herbal/traditional products continue to increase their relevance as providers of relief to Venezuelan consumers given that many standard versions of the products remain scarce and expensive. The government has moved towards the formalisation of ...
Country Report
NRT Smoking Cessation Aids in Venezuela
Feb 2019
As a result of the high cost of foreign currency and the ongoing hyperinflation present in Venezuela in 2018, imports of NRT smoking cessation aids could not be detected and sales are negligible. No brands were available in Venezuela during 2018....
Country Report
Consumer Health in Venezuela
Feb 2019
Foreign exchange controls, currency quotas and price controls enacted by the Venezuelan government have resulted in severe shortages of food and medicines. During the years of abundant financial resources, Venezuelans were willing to live within the ...
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