Price for Winding Wire of Copper in Venezuela - 2022
Contents:
- Price for Winding Wire of Copper in Venezuela (CIF) - 2022
- Price for Winding Wire of Copper in Venezuela (FOB) - 2022
- Imports of Winding Wire of Copper in Venezuela
- Exports of Winding Wire of Copper in Venezuela
Price for Winding Wire of Copper in Venezuela (CIF) - 2022
The average winding wire of copper import price stood at $9,606 per ton in 2022, falling by -7.2% against the previous year. Overall, the import price showed a mild shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 64% against the previous year. Over the period under review, average import prices hit record highs at $12,219 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Colombia ($12,694 per ton), while the price for Mexico ($3,568 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Winding Wire of Copper in Venezuela (FOB) - 2022
In 2022, the average winding wire of copper export price amounted to $23,036 per ton, almost unchanged from the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, winding wire of copper export price decreased by -0.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 192% against the previous year. The export price peaked at $23,041 per ton in 2020; afterwards, it flattened through to 2022.
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 Serbia ($28,556 per ton), while the average price for exports to Austria amounted to $15,710 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-2.4%), while the prices for the other major destinations experienced a decline.
Imports of Winding Wire of Copper in Venezuela
In 2022, purchases abroad of winding wire of coppers increased by 106% to 153 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction.
In value terms, winding wire of copper imports soared to $1.5M in 2022. Overall, imports, however, saw a noticeable shrinkage.
| Import of Winding Wire of Copper in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 502 | 281 | 328 | 708 | 12.1% |
| China | 682 | 457 | 193 | 498 | -10.0% |
| Mexico | 98.9 | 77.9 | 65.9 | 66.5 | -12.4% |
| Colombia | 16.8 | 22.4 | 56.2 | 60.5 | 53.3% |
| Peru | 47.8 | 39.4 | 34.8 | 36.8 | -8.3% |
| Spain | 62.6 | 33.6 | 19.3 | 7.9 | -49.8% |
| United States | 84.7 | 29.9 | 8.2 | 5.6 | -59.6% |
| Others | 98.2 | 74.4 | 61.0 | 82.5 | -5.6% |
| Total | 1,593 | 1,015 | 767 | 1,466 | -2.7% |
Top Suppliers of Winding Wire of Copper to Venezuela in 2022:
- China (62.7 tons)
- Brazil (57.9 tons)
- Mexico (18.6 tons)
- Colombia (4.8 tons)
- Peru (3.7 tons)
- United States (1.2 tons)
- Spain (0.8 tons)
Exports of Winding Wire of Copper in Venezuela
Winding wire of copper exports from Venezuela declined notably to 249 kg in 2022, which is down by -20.2% against the previous year's figure. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -19.8% was in 2021.
In value terms, winding wire of copper exports declined rapidly to $5.7K in 2022. In general, exports faced a sharp setback. The smallest decline of -20% was in 2020.
| Export of Winding Wire of Copper in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | N/A | N/A | N/A | 4.1 | 0% |
| Austria | 5.9 | 9.0 | 7.2 | 1.7 | -34.0% |
| Jamaica | 5.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.2 | 9.0 | 7.2 | 5.7 | -20.2% |
Top Export Markets for Winding Wire of Copper from Venezuela in 2022:
- Serbia (142.0 kg)
- Austria (107.0 kg)
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