Aluminium Wire Price in Venezuela - 2022

Contents:

1. Aluminium Wire Price in Venezuela (FOB) - 2022
2. Aluminium Wire Price in Venezuela (CIF) - 2022
3. Aluminium Wire Exports in Venezuela
4. Aluminium Wire Imports in Venezuela

Aluminium Wire Price in Venezuela (FOB) - 2022

The average aluminium wire export price stood at $3,233 per ton in 2022, rising by 16% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium wire export price increased by +58.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 37%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Costa Rica ($4,182 per ton) and Argentina ($3,947 per ton), while the average price for exports to Colombia ($2,981 per ton) and Peru ($3,051 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Wire Price in Venezuela (CIF) - 2022

The average aluminium wire import price stood at $5,382 per ton in 2022, picking up by 19% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium wire import price increased by +99.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 35% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($7,248 per ton) and the United States ($6,457 per ton), while the price for Brazil ($5,010 per ton) and China ($5,552 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Exports in Venezuela

Aluminium wire exports from Venezuela soared to 4.6K tons in 2022, jumping by 33% on 2021. The total export volume increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

In value terms, aluminium wire exports surged to $15M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aluminium Wire from Venezuela in 2022:

1. Colombia (1824.0 tons)
2. Turkey (1160.5 tons)
3. Ecuador (634.1 tons)
4. Brazil (570.8 tons)
5. Argentina (169.2 tons)
6. Costa Rica (104.8 tons)
7. Peru (78.0 tons)

Aluminium Wire Imports in Venezuela

In 2022, overseas purchases of aluminium wires increased by 37% to 30 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant curtailment.

In value terms, aluminium wire imports soared to $160K in 2022. In general, imports, however, saw a dramatic contraction.

Top Suppliers of Aluminium Wire to Venezuela in 2022:

1. Brazil (20.5 tons)
2. China (4.7 tons)
3. Spain (2.5 tons)
4. United States (2.0 tons)

Source: IndexBox Market Intelligence Platform