Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela - 2022
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (CIF) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (FOB) - 2022
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $11,448 per ton, picking up by 50% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $14,682 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Spain ($168,507 per ton), while the price for Portugal ($598 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $38,588 per ton in 2022, increasing by 20% against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2018 an increase of 79% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
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 the United States ($459,000 per ton), while the average price for exports to Ecuador ($1,000 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 the United States (+23.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela
In 2022, approx. 7 tons of iron or steel; non-threaded cotters and cotter-pinses were imported into Venezuela; dropping by -61.6% against the previous year's figure. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 319%. As a result, imports reached the peak of 18 tons, and then plummeted in the following year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses contracted dramatically to $80K in 2022. Overall, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by 245%. As a result, imports reached the peak of $139K, and then shrank remarkably in the following year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 31.4 | 17.1 | 51.0 | 34.2 | 2.9% |
| China | 2.4 | 3.8 | 25.9 | 15.5 | 86.2% |
| United States | 6.1 | 3.3 | 9.6 | 5.7 | -2.2% |
| Italy | 9.4 | 3.3 | 6.5 | 2.8 | -33.2% |
| South Korea | 2.8 | 1.4 | 3.7 | 2.3 | -6.3% |
| Portugal | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 31.4 | 11.5 | 42.6 | 19.7 | -14.4% |
| Total | 83.7 | 40.4 | 139 | 80.3 | -1.4% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Venezuela in 2022:
- China (4.4 tons)
- South Korea (1.2 tons)
- Italy (0.4 tons)
- United States (0.3 tons)
- Spain (0.2 tons)
- Portugal (0.1 tons)
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Venezuela surged to 17 kg, growing by 21% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 57%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses surged to $656 in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 141 | 210 | 311 | 459 | 48.2% |
| Peru | 52.0 | 76.0 | 111 | 162 | 46.1% |
| Panama | 16.0 | 20.0 | 26.0 | 33.0 | 27.3% |
| Colombia | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Ecuador | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 211 | 308 | 450 | 656 | 46.0% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Venezuela in 2022:
- Peru (13.0 kg)
- United States (1.0 kg)
- Panama (1.0 kg)
- Ecuador (1.0 kg)
- Colombia (1.0 kg)
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