Price for Copper; Powders and Flakes in Venezuela - 2022

Contents:

  1. Price for Copper; Powders and Flakes in Venezuela (FOB) - 2022
  2. Price for Copper; Powders and Flakes in Venezuela (CIF) - 2022
  3. Exports of Copper; Powders and Flakes in Venezuela
  4. Imports of Copper; Powders and Flakes in Venezuela

Price for Copper; Powders and Flakes in Venezuela (FOB) - 2022

The average copper; powders and flakes export price stood at $5,877 per ton in 2022, waning by -24.9% against the previous year. Over the period under review, the export price recorded a sharp downturn. The export price peaked at $7,822 per ton in 2021, and then contracted significantly in the following year.

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 Malaysia ($6,022 per ton), while the average price for exports to Singapore stood at $3,574 per ton.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-23.0%).

Price for Copper; Powders and Flakes in Venezuela (CIF) - 2022

In 2022, the average copper; powders and flakes import price amounted to $9,603 per ton, jumping by 16% against the previous year. Overall, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $17,571 per ton in 2015; however, from 2016 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 Argentina ($90,318 per ton), while the price for the United States ($1,424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+11.0%), while the prices for the other major suppliers experienced a decline.

Exports of Copper; Powders and Flakes in Venezuela

In 2022, the amount of copper; powders and flakeses exported from Venezuela surged to 789 tons, picking up by 21,450% compared with the previous year. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes exports soared to $4.6M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Copper; Powders and Flakes in Venezuela (Million USD)
COUNTRY20212022CAGR,
2021-2022
MalaysiaN/A4.50%
SingaporeN/A0.20%
OthersN/AN/A0%
TotalN/A4.60%

Top Export Markets for Copper; Powders and Flakes from Venezuela in 2022:

  1. Malaysia (741.8 tons)
  2. Singapore (46.7 tons)

Imports of Copper; Powders and Flakes in Venezuela

In 2022, imports of copper; powders and flakeses into Venezuela soared to 1.5 tons, growing by 28% on the previous year's figure. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper; powders and flakes imports skyrocketed to $15K in 2022. Overall, imports showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Copper; Powders and Flakes in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico4.72.53.85.87.3%
Argentina3.81.92.84.01.7%
Germany1.91.01.52.36.6%
Brazil1.10.60.91.48.4%
United States1.20.60.71.0-5.9%
Others0.10.10.10.226.0%
Total12.76.79.914.75.0%

Top Suppliers of Copper; Powders and Flakes to Venezuela in 2022:

  1. United States (700.0 kg)
  2. Mexico (414.0 kg)
  3. Germany (205.0 kg)
  4. Brazil (151.0 kg)
  5. Argentina (44.0 kg)

Source: IndexBox Market Intelligence Platform

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