Copper; Master Alloys Price in Venezuela - 2022

Copper; Master Alloys Price in Venezuela (CIF) - 2022

The average copper; master alloys import price stood at $8,254 per ton in 2022, remaining constant against the previous year. Overall, the import price showed a pronounced setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 12%. The import price peaked at $11,267 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($66,218 per ton), while the price for Chile amounted to $4,524 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (-8.4%).

Copper; Master Alloys Imports in Venezuela

For the fourth consecutive year, Venezuela recorded growth in supplies from abroad of copper; master alloyses, which increased by 1.2% to 3.2 tons in 2022. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 1.3%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, copper; master alloys imports totaled $26K in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.