Price for Wire of Other Alloy Steel in Venezuela - 2022
Contents:
- Price for Wire of Other Alloy Steel in Venezuela (FOB) - 2022
- Price for Wire of Other Alloy Steel in Venezuela (CIF) - 2022
- Exports of Wire of Other Alloy Steel in Venezuela
- Imports of Wire of Other Alloy Steel in Venezuela
Price for Wire of Other Alloy Steel in Venezuela (FOB) - 2022
The average export price for wire of other alloy steels stood at $1,788 per ton in 2022, increasing by 4% against the previous year. Over the period under review, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,868 per ton), while the average price for exports to Colombia stood at $977 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.8%).
Price for Wire of Other Alloy Steel in Venezuela (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,548 per ton in 2022, rising by 30% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $1,987 per ton in 2018; however, from 2019 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 the United States ($5,217 per ton), while the price for China ($1,189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+40.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wire of Other Alloy Steel in Venezuela
In 2022, the amount of wire of other alloy steels exported from Venezuela reduced slightly to 185 tons, which is down by -3.9% on 2021 figures. Over the period under review, exports showed a deep contraction.
In value terms, wire of other alloy steel exports shrank modestly to $330K in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 4.6% against the previous year.
| Export of Wire of Other Alloy Steel in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 116 | 295 | 315 | 314 | 39.4% |
| Colombia | 44.1 | 21.5 | 16.0 | 16.3 | -28.2% |
| Peru | 143 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 303 | 317 | 330 | 330 | 2.9% |
Top Export Markets for Wire of Other Alloy Steel from Venezuela in 2022:
- United States (168.0 tons)
- Colombia (16.6 tons)
Imports of Wire of Other Alloy Steel in Venezuela
After three years of growth, supplies from abroad of wire of other alloy steels decreased by -60.5% to 114 tons in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 434%. As a result, imports attained the peak of 288 tons, and then shrank markedly in the following year.
In value terms, wire of other alloy steel imports contracted markedly to $176K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 444%. As a result, imports reached the peak of $341K, and then declined notably in the following year.
| Import of Wire of Other Alloy Steel in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 6.3 | 9.3 | 231 | 95.3 | 147.3% |
| China | 18.6 | 14.2 | 47.2 | 34.2 | 22.5% |
| Italy | 2.6 | 4.4 | 14.2 | 19.0 | 94.1% |
| South Korea | 10.0 | 10.9 | 22.9 | 12.0 | 6.3% |
| United States | 19.3 | 12.5 | 10.1 | 7.9 | -25.8% |
| India | 0.5 | 5.1 | 4.4 | 2.5 | 71.0% |
| Others | 7.0 | 6.4 | 11.5 | 5.2 | -9.4% |
| Total | 64.2 | 62.8 | 341 | 176 | 40.0% |
Top Suppliers of Wire of Other Alloy Steel to Venezuela in 2022:
- Turkey (74.4 tons)
- China (28.8 tons)
- Italy (5.3 tons)
- India (1.9 tons)
- United States (1.5 tons)
- South Korea (0.7 tons)
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