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

Contents:

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

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

The average import price for iron or steel cast fittings, other than of non-malleable cast ira stood at $3,105 per ton in 2022, waning by -7.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 144% against the previous year. As a result, import price attained the peak level of $5,600 per ton. From 2019 to 2022, the average 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 Brazil ($12,347 per ton), while the price for China ($2,377 per ton) was amongst the lowest.

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

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

The average export price for iron or steel cast fittings, other than of non-malleable cast ira stood at $72,242 per ton in 2022, rising by 19% against the previous year. Over the period under review, the export price recorded a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 78%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($109,105 per ton), while the average price for exports to Colombia totaled $2,581 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Grenada (+24.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

For the fourth year in a row, Venezuela recorded growth in purchases abroad of iron or steel cast fittings, other than of non-malleable cast ira, which increased by 21% to 278 tons in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 116%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of iron or steel cast fittings, other than of non-malleable cast ira rose markedly to $864K in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 154%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. China (233.3 tons)
2. United States (29.5 tons)
3. India (2.8 tons)

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

For the third consecutive year, Venezuela recorded decline in overseas shipments of iron or steel cast fittings, other than of non-malleable cast ira, which decreased by -11.5% to 393 kg in 2022. In general, exports showed a deep slump.

In value terms, exports of iron or steel cast fittings, other than of non-malleable cast ira rose modestly to $28K in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Panama (257.0 kg)
2. Colombia (136.0 kg)

Source: IndexBox Market Intelligence Platform