Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $2,509 per ton in 2022, increasing by 4.5% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the Dominican Republic.
From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to +10.2% per year.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $130 per ton in 2022, which is down by -15.9% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average import price increased by 9.7% against the previous year. Over the period under review, average import prices attained the peak figure at $834 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -14.6% per year.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Venezuela rose markedly to 257 tons, surging by 7.3% on the previous year. The total export volume increased at an average annual rate of +7.3% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s rose notably to $645K in 2022. The total export value increased at an average annual rate of +12.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 12%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 458 | 513 | 575 | 645 | 12.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 458 | 513 | 575 | 645 | 12.1% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Venezuela in 2022:
- Dominican Republic (257.0 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela
For the third consecutive year, Venezuela recorded decline in supplies from abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -4.8% to 130 tons in 2022. Over the period under review, imports recorded a pronounced decrease. The smallest decline of -4.8% was in 2020.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s reduced rapidly to $17K in 2022. Overall, imports faced a sharp contraction. The smallest decline of -20% was in 2020.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 33.0 | 26.4 | 21.1 | 16.9 | -20.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.0 | 26.4 | 21.1 | 16.9 | -20.0% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Venezuela in 2022:
- United States (129.7 tons)
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