Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Venezuela - 2022

Price for Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Venezuela (CIF) - 2022

In 2022, the average import price for copper; refined, unwrought, cathodes and sections of cathodeses amounted to $9,952 per ton, surging by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 34%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Peru ($22,422 per ton), while the price for Chile stood at $7,821 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+8.5%).

Imports of Copper; Refined, Unwrought, Cathodes and Sections of Cathodes in Venezuela

For the third consecutive year, Venezuela recorded decline in purchases abroad of copper; refined, unwrought, cathodes and sections of cathodeses, which decreased by -4.6% to 497 tons in 2022. Over the period under review, imports continue to indicate a perceptible setback. The smallest decline of -4.6% was in 2020.

In value terms, imports of copper; refined, unwrought, cathodes and sections of cathodeses rose sharply to $4.9M in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 5.7% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.