Sulphates; of Copper Price in Venezuela - 2022
Contents:
Sulphates; of Copper Price in Venezuela (CIF) - 2022
The average sulphates; of copper import price stood at $3,290 per ton in 2022, with an increase of 21% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +78.6% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 48% against the previous year. As a result, import price reached the peak level of $4,226 per ton. From 2018 to 2022, the average 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 China ($9,322 per ton), while the price for the United States ($217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sulphates; of Copper Imports in Venezuela
In 2022, imports of sulphates; of coppers into Venezuela dropped rapidly to 29 tons, shrinking by -80.9% on the previous year. Overall, imports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 112%. As a result, imports attained the peak of 152 tons, and then declined rapidly in the following year.
In value terms, sulphates; of copper imports reduced notably to $95K in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 212%. As a result, imports reached the peak of $412K, and then fell remarkably in the following year.
| Import of Sulphates; of Copper in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 69.5 | 69.9 | 179 | 45.1 | -13.4% |
| Peru | 21.7 | 12.4 | 127 | 26.9 | 7.4% |
| Colombia | 45.7 | 35.9 | 71.6 | 14.1 | -32.4% |
| China | 3.4 | 5.4 | 18.9 | 5.5 | 17.4% |
| Mexico | 8.5 | 6.6 | 12.8 | 2.5 | -33.5% |
| United States | 0.7 | 0.5 | 0.8 | 0.1 | -47.7% |
| Others | 1.3 | 1.4 | 2.0 | 0.9 | -11.5% |
| Total | 151 | 132 | 412 | 95.2 | -14.3% |
Top Suppliers of Sulphates; of Copper to Venezuela in 2022:
- Colombia (18.3 tons)
- Panama (5.7 tons)
- Peru (3.3 tons)
- United States (0.7 tons)
- China (0.6 tons)
- Mexico (0.3 tons)
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