Price for Iron and Non-Alloy Steel in Ingot in Venezuela - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Venezuela (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Venezuela (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Venezuela
- Imports of Iron and Non-Alloy Steel in Ingot in Venezuela
Price for Iron and Non-Alloy Steel in Ingot in Venezuela (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $273 per ton in 2022, growing by 1.7% against the previous year. In general, the export price, however, continues to indicate a deep setback. The export price peaked at $516 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($665 per ton), while the average price for exports to the Dominican Republic totaled $572 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.0%).
Price for Iron and Non-Alloy Steel in Ingot in Venezuela (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $287 per ton, increasing by 2.4% against the previous year. Overall, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2014 when the average import price increased by 137%. As a result, import price reached the peak level of $1,632 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
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 ($2,431 per ton), while the price for Italy totaled $198 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.9%), while the prices for the other major suppliers experienced a decline.
Exports of Iron and Non-Alloy Steel in Ingot in Venezuela
In 2022, shipments abroad of iron and non-alloy steel in ingots increased by 8% to 11K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt curtailment.
In value terms, exports of iron and non-alloy steel in ingots totaled $2.9M in 2022. In general, exports, however, continue to indicate a abrupt descent.
| Export of Iron and Non-Alloy Steel in Ingot in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 305 | 532 | 160 | 150 | -21.1% |
| Netherlands | 123 | 201 | 56.7 | 50.2 | -25.8% |
| Others | 3,374 | 2,443 | 2,437 | 2,714 | -7.0% |
| Total | 3,802 | 3,176 | 2,654 | 2,915 | -8.5% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Venezuela in 2022:
- Dominican Republic (0.3K tons)
- Netherlands (0.1K tons)
Imports of Iron and Non-Alloy Steel in Ingot in Venezuela
In 2022, purchases abroad of iron and non-alloy steel in ingots was finally on the rise to reach 5.2 tons after two years of decline. In general, imports, however, showed a drastic downturn.
In value terms, imports of iron and non-alloy steel in ingots expanded markedly to $1.5K in 2022. Over the period under review, imports, however, faced a abrupt downturn.
| Import of Iron and Non-Alloy Steel in Ingot in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,172 | 995 | 840 | 994 | -5.3% |
| United States | 893 | 656 | 480 | 491 | -18.1% |
| Others | 28.0 | 23.0 | 19.0 | 21.0 | -9.1% |
| Total | 2,093 | 1,674 | 1,339 | 1,506 | -10.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Venezuela in 2022:
- Italy (5.0 tons)
- United States (0.2 tons)
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