This is a best prospect industry sector for this country. Includes a market overview and trade data.
Last Published: 2/17/2019

Overview

Major dealers of security products estimated the size of the Venezuelan market for industrial safety equipment to exceed $130 million per year, although no official figures exist.  The safety and security industry has grown in recent years as have crime rates.  Rates of common crime, such as violent crime, assaults, home burglaries, short-term (“express”) kidnapping, and car thefts, continue to increase.  Many crimes go unreported, and only a small percentage of reported crimes are prosecuted.

Venezuela has traditionally been a strong market for U.S. security equipment suppliers and hosts an annual security trade show, SegurShow.  U.S. equipment suppliers normally work closely with local and foreign engineering, petroleum, and manufacturing companies involved in design and engineering.  In addition, there is high recognition of U.S. brand names, lower transportation costs due to geographical proximity, and strong local representation by U.S. agents and dealers.

Prospective U.S. exporters are encouraged to review carefully whether the official technical standards developed by the National Autonomous Service for Standardization, Quality, Metrology and Technical Regulations (SENCAMER) apply to their particular products.  SENCAMER might require product compliance certification from an independent testing agency.

Web Resources

National Autonomous Service for Standardization, Quality, Metrology and Technical Regulations – SENCAMER
 

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More Information

Venezuela Safety and Security Trade Development and Promotion