Price for Nickel; Bars, Rods, Profiles and Wire in Venezuela - 2022
Contents:
- Price for Nickel; Bars, Rods, Profiles and Wire in Venezuela (CIF) - 2022
- Price for Nickel; Bars, Rods, Profiles and Wire in Venezuela (FOB) - 2022
- Imports of Nickel; Bars, Rods, Profiles and Wire in Venezuela
- Exports of Nickel; Bars, Rods, Profiles and Wire in Venezuela
Price for Nickel; Bars, Rods, Profiles and Wire in Venezuela (CIF) - 2022
The average import price for nickel; bars, rods, profiles and wires stood at $24,260 per ton in 2022, waning by -6.2% against the previous year. Over the period under review, the import price recorded a perceptible descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $39,236 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($34,085 per ton), while the price for Colombia ($2,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-3.7%), while the prices for the other major suppliers experienced a decline.
Price for Nickel; Bars, Rods, Profiles and Wire in Venezuela (FOB) - 2022
In 2022, the average export price for nickel; bars, rods, profiles and wires amounted to $48,000 per ton, with an increase of 29% against the previous year. Overall, the export price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2015 when the average export price increased by 84% against the previous year. The export price peaked at $81,000 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Panama.
From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to -3.4% per year.
Imports of Nickel; Bars, Rods, Profiles and Wire in Venezuela
In 2022, overseas purchases of nickel; bars, rods, profiles and wires decreased by -90.6% to 388 kg, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 2,758%. As a result, imports reached the peak of 8.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of nickel; bars, rods, profiles and wires declined dramatically to $9.4K in 2022. Overall, imports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2020 when imports increased by 2,218% against the previous year. As a result, imports attained the peak of $205K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Nickel; Bars, Rods, Profiles and Wire in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.0 | 184 | 95.5 | 8.0 | 58.7% |
| China | 0.3 | 3.2 | 1.9 | 0.5 | 18.6% |
| Peru | 1.6 | 6.1 | 3.7 | 0.4 | -37.0% |
| Brazil | 2.0 | 6.3 | 3.2 | 0.3 | -46.9% |
| India | 0.9 | 1.8 | 0.8 | 0.1 | -51.9% |
| Germany | 1.2 | 0.7 | 0.6 | 0.1 | -56.3% |
| Colombia | 0.8 | 2.6 | 1.4 | 0.1 | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.8 | 205 | 107 | 9.4 | 2.2% |
Top Suppliers of Nickel; Bars, Rods, Profiles and Wire to Venezuela in 2022:
- United States (236.0 kg)
- China (51.0 kg)
- Colombia (50.0 kg)
- Brazil (15.0 kg)
- Peru (12.0 kg)
- India (12.0 kg)
- Germany (12.0 kg)
Exports of Nickel; Bars, Rods, Profiles and Wire in Venezuela
In 2022, the amount of nickel; bars, rods, profiles and wires exported from Venezuela fell markedly to 2 kg, shrinking by -33.3% compared with the previous year's figure. Over the period under review, exports recorded a abrupt descent.
In value terms, exports of nickel; bars, rods, profiles and wires dropped to $96 in 2022. Overall, exports showed a abrupt downturn.
| Export of Nickel; Bars, Rods, Profiles and Wire in Venezuela (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 153 | 131 | 112 | 96.0 | -14.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 153 | 131 | 112 | 96.0 | -14.4% |
Top Export Markets for Nickel; Bars, Rods, Profiles and Wire from Venezuela in 2022:
- Panama (2.0 kg)
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