Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela - 2022

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela (CIF) - 2022

In 2022, the average import price for sanitary ware and parts thereof, of iron or steel amounted to $8.9 per unit, increasing by 11% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 82%. As a result, import price reached the peak level of $14 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($16 per unit), while the price for China ($8.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $15 per unit, picking up by 83% against the previous year. In general, the export price, however, showed a mild decrease. The growth pace was the most rapid in 2016 an increase of 115% against the previous year. The export price peaked at $16 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($27 per unit), while the average price for exports to Panama totaled $12 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela

In 2022, the amount of sanitary ware and parts thereof, of iron or steel imported into Venezuela totaled 393K units, increasing by 5.7% on 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 116% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, imports of sanitary ware and parts thereof, of iron or steel soared to $3.5M in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 93%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Venezuela in 2022:

1. China (377.0K units)
2. Spain (9.3K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Venezuela

Exports of sanitary ware and parts thereof, of iron or steel from Venezuela declined rapidly to 1.9K units in 2022, reducing by -38.6% on the previous year. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The exports peaked at 6.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of sanitary ware and parts thereof, of iron or steel expanded rapidly to $28K in 2022. In general, exports saw a drastic downturn. Over the period under review, the exports of attained the maximum at $37K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Venezuela in 2022:

1. Panama (1538.0 units)
2. Peru (333.0 units)

Source: IndexBox Market Intelligence Platform