Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela - 2022

Contents:

1. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela (CIF) - 2022
2. Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela (FOB) - 2022
3. Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela
4. Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela (CIF) - 2022

The average import price for tube or pipe fittings of non-malleable cast iron stood at $4,181 per ton in 2022, reducing by -10.3% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 181% against the previous year. Over the period under review, average import prices reached the peak figure at $13,988 per ton in 2017; however, from 2018 to 2022, 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 ($8,568 per ton), while the price for Germany ($1,606 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela (FOB) - 2022

In 2022, the average export price for tube or pipe fittings of non-malleable cast iron amounted to $2,091 per ton, growing by 75% against the previous year. Over the period under review, the export price, however, saw a perceptible contraction. Over the period under review, the average export prices reached the maximum at $3,073 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($4,706 per ton), while the average price for exports to Colombia ($1,001 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+11.1%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela

In 2022, approx. 106 tons of tube or pipe fittings of non-malleable cast iron were imported into Venezuela; with an increase of 791% compared with 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of tube or pipe fittings of non-malleable cast iron skyrocketed to $445K in 2022. In general, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron to Venezuela in 2022:

1. China (29.5 tons)
2. Canada (19.9 tons)
3. Malaysia (18.0 tons)
4. United States (9.2 tons)
5. Italy (8.6 tons)
6. Panama (6.5 tons)
7. Spain (5.4 tons)
8. India (1.9 tons)
9. Germany (1.9 tons)

Exports of Iron or Steel Cast Fittings, of Non-Malleable Cast Iron in Venezuela

In 2022, exports of tube or pipe fittings of non-malleable cast iron from Venezuela surged to 8.1 tons, picking up by 37% on the year before. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 197%. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of tube or pipe fittings of non-malleable cast iron skyrocketed to $17K in 2022. Over the period under review, exports recorded a significant expansion.

Top Export Markets for Iron or Steel Cast Fittings, of Non-Malleable Cast Iron from Venezuela in 2022:

1. Colombia (4.1 tons)
2. Ecuador (2.4 tons)
3. Bolivia (1.3 tons)
4. Panama (0.3 tons)

Source: IndexBox Market Intelligence Platform