Price for Zinc; Plates, Sheets, Strip and Foil in Venezuela - 2022

Contents:

  1. Price for Zinc; Plates, Sheets, Strip and Foil in Venezuela (CIF) - 2022
  2. Imports of Zinc; Plates, Sheets, Strip and Foil in Venezuela

Price for Zinc; Plates, Sheets, Strip and Foil in Venezuela (CIF) - 2022

In 2022, the average import price for zinc; plates, sheets, strip and foils amounted to $3,640 per ton, with an increase of 9% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for zinc; plates, sheets, strip and foils increased by +136.0% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($7,207 per ton), while the price for Colombia ($515 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), while the prices for the other major suppliers experienced a decline.

Imports of Zinc; Plates, Sheets, Strip and Foil in Venezuela

For the third consecutive year, Venezuela recorded decline in overseas purchases of zinc; plates, sheets, strip and foils, which decreased by -74.9% to 919 kg in 2022. Overall, imports showed a sharp setback. The smallest decline of -65.1% was in 2020.

In value terms, imports of zinc; plates, sheets, strip and foils dropped significantly to $3.1K in 2022. Over the period under review, imports saw a dramatic setback. The smallest decline of -56.1% was in 2021.

Import of Zinc; Plates, Sheets, Strip and Foil in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States24.223.514.22.5-53.1%
China59.313.21.80.4-81.1%
ColombiaN/AN/AN/A0.20%
OthersN/AN/AN/AN/A0%
Total83.536.616.13.1-66.6%

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to Venezuela in 2022:

  1. Colombia (441.0 kg)
  2. United States (347.0 kg)
  3. China (131.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Zinc; plates, sheets, strip and foil - Venezuela