CONINDUSTRIA: Venezuela will have an industrial growth of 11% in 2025

Published at: 30/03/2025 09:51 PM

The president of the Venezuelan Confederation of Industrialists (CONINDUSTRIA), Luigi Pisella, specified that the country's industrial production grew 16.8% in 2024, a fact that occurred in the midst of productive reactivation and intense economic war by imperialist countries.

He noted that this growth materialized after achieving an expansion of 9.5% in the fourth quarter of 2024, referring to the results of the last economic survey.

Regarding the results of this economic survey, corresponding to the fourth quarter of 2024, Pisella stated that the country ended “in a positive way, and although not all sectors are there, obviously the domestic industry grew”.

Also, small and medium-sized industries are the most affected in terms of growth. According to the industrial sector, this year's growth prospects are around 11%.

In addition, a used capacity of 47.8% was reached, four percentage points higher than that reported in 2023, reported the El Universal website.

In addressing the Chevron case, Pisella said that “not because Chevron ceases its activities in Venezuela, the production of approximately 250,000 barrels on average will cease.”

He clarified that “there can be a reduction in this because it changes operators, but those drills will still be there and could be operated by Venezuelan hands and by Venezuelan companies.”

On the other hand, he pointed out that there is currently a plan to reduce imports, that is, to replace imports with domestic production, if this happens as planned, the domestic industry will have a niche.

“We are not against imports, what we want is to compete on equal terms and for them to pay taxes, as we pay them and that they comply with sanitary and phytosanitary regulations and energy regulations and everything that the nutritional products that demand of us contain, that they also be required to comply with equal conditions,” he explained.

Pisella, pointed out that the confidence index comes from a mix of three factors, firstly, production expectations, secondly, the level of inventory and the third, the order book.

“The first quarter of the year is always lower because they come from a quarter with the highest economic activity of the year, such as Christmas. It is reasonable for economic activity to fall, the positive thing to highlight is that the positive confidence index is still maintained,” he said.

Mazo News Team