Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (FOB) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (CIF) - 2022
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $3,793 per ton, rising by 20% against the previous year. Over the period under review, the export price recorded a pronounced increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 339% against the previous year. As a result, the export price reached the peak level of $6,944 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Ecuador.
From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +38.9% per year.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $5,827 per ton, with an increase of 32% against the previous year. Overall, the import price, however, recorded a mild decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 55%. The import price peaked at $6,550 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($6,457 per ton), while the price for China totaled $5,552 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela
Exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses from Venezuela was estimated at 218 tons in 2022, surging by 5.4% against the previous year. Over the period under review, exports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 399% against the previous year.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $825K in 2022. In general, exports showed strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 555%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 615 | 99.7 | 653 | 825 | 10.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 615 | 99.7 | 653 | 825 | 10.3% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Venezuela in 2022:
- Ecuador (217.6 tons)
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela
In 2022, approx. 6.8 tons of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses were imported into Venezuela; increasing by 49% compared with the year before. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 190% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses soared to $39K in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 130%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 8.7 | 20.0 | 26.0 | 187.0% |
| United States | 3.8 | N/A | N/A | 13.2 | 51.4% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 4.8 | 8.7 | 20.0 | 39.4 | 101.7% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Venezuela in 2022:
- China (4.7 tons)
- United States (2.0 tons)
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