Report Update: May 1, 2024

Venezuela - Base Metal Wire And Rods Of Agglomerated Base Powder - Market Analysis, Forecast, Size, Trends And Insights

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Agglomerated Powder Rod Price in Venezuela - 2022

Agglomerated Powder Rod Price in Venezuela (CIF) - 2022

In 2022, the average agglomerated powder rod import price amounted to $2,705 per ton, surging by 12% against the previous year. Overall, the import price, however, showed a slight setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 41%. The import price peaked at $7,744 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Belgium ($10,000 per ton), while the price for China ($422 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Agglomerated Powder Rod Price in Venezuela (FOB) - 2022

In 2022, the average agglomerated powder rod export price amounted to $14,143 per ton, surging by 8.2% against the previous year. Over the period under review, the export price continues to indicate a measured increase. The growth pace was the most rapid in 2015 an increase of 243%. As a result, the export price reached the peak level of $42,528 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($64,000 per ton), while the average price for exports to Costa Rica ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Agglomerated Powder Rod Imports in Venezuela

In 2022, approx. 35 tons of base metal wire and rods of agglomerated base powder were imported into Venezuela; picking up by 78% on 2021. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 256% against the previous year. As a result, imports attained the peak of 35 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agglomerated powder rod imports skyrocketed to $94K in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 133%. As a result, imports reached the peak of $141K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Agglomerated Powder Rod in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	53.9	124	41.8	82.5	15.2%
Mexico	1.9	4.5	1.5	3.1	17.7%
China	0.6	2.6	0.8	2.6	63.0%
Panama	0.5	3.0	0.9	1.6	47.4%
Others	3.4	7.0	2.2	4.2	7.3%
Total	60.4	141	47.3	94.1	15.9%

Top Suppliers of Agglomerated Powder Rod to Venezuela in 2022:

United States (23.9 tons)
China (6.3 tons)
Mexico (2.7 tons)
Panama (1.4 tons)

Agglomerated Powder Rod Exports in Venezuela

In 2022, after three years of growth, there was decline in overseas shipments of base metal wire and rods of agglomerated base powder, when their volume decreased by 0% to 14 kg. The total export volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7.7% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, agglomerated powder rod exports expanded rapidly to $198 in 2022. Over the period under review, exports recorded a abrupt curtailment.

Export of Agglomerated Powder Rod in Venezuela (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Aruba	106	98.0	89.0	101	-1.6%
Panama	88.0	75.0	62.0	64.0	-10.1%
Ecuador	34.0	30.0	26.0	28.0	-6.3%
Saint Vincent and the Grenadines	11.0	7.0	4.0	3.0	-35.2%
Bolivia	1.0	1.0	1.0	1.0	0.0%
Costa Rica	1.0	1.0	1.0	1.0	0.0%
Jamaica	5.0	N/A	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	246	212	183	198	-7.0%

Top Export Markets for Agglomerated Powder Rod from Venezuela in 2022:

Aruba (9.0 kg)
Panama (1.0 kg)
Costa Rica (1.0 kg)
Saint Vincent and the Grenadines (1.0 kg)
Bolivia (1.0 kg)
Ecuador (1.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the agglomerated powder rod market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931570 - Base metal wire and rods of agglomerated base powder, u sed for metal spraying (including parts)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023