Price for Zinc; Dust, Powders and Flakes in Venezuela - 2022

Price for Zinc; Dust, Powders and Flakes in Venezuela (CIF) - 2022

In 2022, the average import price for zinc; dust, powders and flakeses amounted to $5,243 per ton, picking up by 41% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the average import price increased by 87%. Over the period under review, average import prices hit record highs 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 the Netherlands ($9,084 per ton), while the price for Canada ($4,067 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Dust, Powders and Flakes in Venezuela (FOB) - 2022

The average export price for zinc; dust, powders and flakeses stood at $1,041 per ton in 2022, waning by -2.9% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; dust, powders and flakes export price decreased by -10.9% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 34%. Over the period under review, the average export prices hit record highs at $1,169 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($1,169 per ton), while the average price for exports to Colombia stood at $942 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+4.2%).

Imports of Zinc; Dust, Powders and Flakes in Venezuela

In 2022, purchases abroad of zinc; dust, powders and flakeses decreased by -27.8% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year.

In value terms, zinc; dust, powders and flakes imports rose modestly to $78K in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 55%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Import of Zinc; Dust, Powders and Flakes in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	22.3	36.9	52.3	45.7	27.0%
United States	11.2	15.5	20.4	21.8	24.9%
Netherlands	3.1	3.6	4.1	10.8	51.6%
Others	0.2	0.9	0.2	0.1	-20.6%
Total	36.8	56.9	77.0	78.4	28.7%

Top Suppliers of Zinc; Dust, Powders and Flakes to Venezuela in 2022:

Canada (11.2 tons)
United States (2.5 tons)
Netherlands (1.2 tons)

Exports of Zinc; Dust, Powders and Flakes in Venezuela

Zinc; dust, powders and flakes exports from Venezuela shrank modestly to 38 tons in 2022, therefore, remained relatively stable against the previous year. In general, exports continue to indicate a mild descent. The smallest decline of -1.1% was in 2021.

In value terms, zinc; dust, powders and flakes exports dropped slightly to $40K in 2022. Over the period under review, exports showed a pronounced descent. The smallest decline of -3.9% was in 2021.