Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela (CIF) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela (CIF) - 2022
In 2022, the average import price for steel, alloy amounted to $4,145 per ton, rising by 29% against the previous year. In general, the import price posted a mild increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 83%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($9,254 per ton), while the price for Italy ($1,156 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+126.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela
Imports of steel, alloy into Venezuela totaled 41 tons in 2022, almost unchanged from 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 95%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, alloy surged to $170K in 2022. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 258%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 30.4 | 23.7 | 65.4 | 80.0 | 38.1% |
| France | N/A | 5.1 | 47.9 | 72.7 | 277.6% |
| United States | 8.0 | 5.1 | 11.7 | 11.8 | 13.8% |
| Italy | 2.0 | 1.3 | 2.9 | 2.9 | 13.2% |
| Brazil | 2.3 | 1.3 | 2.8 | 2.6 | 4.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.6 | 36.5 | 131 | 170 | 58.6% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Venezuela in 2022:
- Mexico (26.9 tons)
- France (7.9 tons)
- Italy (2.5 tons)
- United States (2.4 tons)
- Brazil (1.3 tons)
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