Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela - 2022

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela (CIF) - 2022

In 2022, the average import price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $3 per unit, increasing by 29% against the previous year. Over the period under review, the import price, however, showed a abrupt shrinkage. The import price peaked at $7.1 per unit in 2013; however, from 2014 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 Germany ($8.5 per unit), while the price for the United States ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+6.4%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela (FOB) - 2022

In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $9.6 per unit, increasing by 4.1% against the previous year. In general, the export price recorded a strong increase. The pace of growth was the most pronounced in 2017 an increase of 97%. The export price peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +6.0% per year.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela

In 2022, overseas purchases of millstones, grindstones, grinding wheels and the like; of natural stones decreased by -61.3% to 1K units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2020 with an increase of 39% against the previous year. As a result, imports reached the peak of 3.1K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones fell rapidly to $3.1K in 2022. Overall, imports continue to indicate a precipitous contraction. The smallest decline of -13.8% was in 2020. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones hit record highs at $8.4K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Venezuela in 2022:

1. Italy (777.0 units)
2. Thailand (73.0 units)
3. Mexico (67.0 units)
4. Germany (48.0 units)
5. United States (23.0 units)
6. China (20.0 units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Venezuela

In 2022, approx. 83 units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from Venezuela; dropping by -7.8% compared with 2021. In general, exports saw a deep reduction. The smallest decline of -6.7% was in 2020. Over the period under review, the exports of millstones, grindstones, grinding wheels and like; of natural stones reached the maximum at 104 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones reduced to $794 in 2022. Overall, exports showed a perceptible curtailment. The smallest decline of -3.9% was in 2020. The exports peaked at $896 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Venezuela in 2022:

1. Costa Rica (83.0 units)

Source: IndexBox Market Intelligence Platform