Price for Aluminium; Alloys, Hollow Profiles in Venezuela - 2022

Contents:

  1. Price for Aluminium; Alloys, Hollow Profiles in Venezuela (CIF) - 2022
  2. Price for Aluminium; Alloys, Hollow Profiles in Venezuela (FOB) - 2022
  3. Imports of Aluminium; Alloys, Hollow Profiles in Venezuela
  4. Exports of Aluminium; Alloys, Hollow Profiles in Venezuela

Price for Aluminium; Alloys, Hollow Profiles in Venezuela (CIF) - 2022

The average aluminium; alloys, hollow profiles import price stood at $4,191 per ton in 2022, jumping by 16% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24% against the previous year. Over the period under review, average import prices attained the peak figure at $6,180 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($13,746 per ton), while the price for Italy ($1,837 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+73.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Hollow Profiles in Venezuela (FOB) - 2022

In 2022, the average aluminium; alloys, hollow profiles export price amounted to $2,780 per ton, with an increase of 4.4% against the previous year. In general, the export price, however, continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2015 an increase of 144% against the previous year. As a result, the export price reached the peak level of $6,173 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($5,006 per ton), while the average price for exports to Aruba ($2,510 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Alloys, Hollow Profiles in Venezuela

In 2022, after two years of decline, there was growth in supplies from abroad of aluminium; alloys, hollow profileses, when their volume increased by 4.9% to 59 tons. Over the period under review, imports, however, continue to indicate a deep downturn.

In value terms, aluminium; alloys, hollow profiles imports surged to $249K in 2022. Overall, imports, however, showed a deep slump.

Import of Aluminium; Alloys, Hollow Profiles in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Uruguay225233119133-16.1%
China11.226.159.256.371.3%
Dominican Republic14.0N/AN/A25.722.4%
Turkey7.69.74.710.19.9%
Italy2.610.55.56.233.6%
United States6.77.84.55.6-5.8%
Panama2.83.62.33.13.5%
Spain20.013.64.92.3-51.4%
Others11.58.94.76.5-17.3%
Total302313205249-6.2%

Top Suppliers of Aluminium; Alloys, Hollow Profiles to Venezuela in 2022:

  1. China (29.5 tons)
  2. Uruguay (9.7 tons)
  3. Dominican Republic (9.5 tons)
  4. Italy (3.4 tons)
  5. Turkey (2.9 tons)
  6. United States (2.0 tons)
  7. Panama (1.0 tons)
  8. Spain (0.6 tons)

Exports of Aluminium; Alloys, Hollow Profiles in Venezuela

In 2022, aluminium; alloys, hollow profiles exports from Venezuela soared to 20 tons, with an increase of 23% compared with 2021. Over the period under review, exports, however, showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 23%.

In value terms, aluminium; alloys, hollow profiles exports soared to $55K in 2022. Overall, exports, however, faced a dramatic setback.

Export of Aluminium; Alloys, Hollow Profiles in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Aruba39424.130.337.9-54.2%
United States1338.611.415.1-51.6%
Colombia21.80.51.01.8-56.5%
Others0.3N/AN/AN/A0%
Total54933.342.754.7-53.6%

Top Export Markets for Aluminium; Alloys, Hollow Profiles from Venezuela in 2022:

  1. Aruba (15.1 tons)
  2. United States (4.2 tons)
  3. Colombia (0.4 tons)

Source: IndexBox Market Intelligence Platform

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