Venezuela - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAluminium Bar Price in Venezuela - 2022
Contents:
- Aluminium Bar Price in Venezuela (CIF) - 2022
- Aluminium Bar Price in Venezuela (FOB) - 2022
- Aluminium Bar Imports in Venezuela
- Aluminium Bar Exports in Venezuela
Aluminium Bar Price in Venezuela (CIF) - 2022
In 2022, the average aluminium bar import price amounted to $7,115 per ton, rising by 16% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar import price increased by +148.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 113%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($6,112 per ton), while the price for China ($2,200 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Bar Price in Venezuela (FOB) - 2022
The average aluminium bar export price stood at $3,600 per ton in 2022, picking up by 24% against the previous year. In general, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium bar export price increased by +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 80%. As a result, the export price attained the peak level of $4,738 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($2,805 per ton), while the average price for exports to Finland ($2,522 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 Aruba (+22.7%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Bar Imports in Venezuela
In 2022, purchases abroad of aluminium bars, rods and profiles decreased by -1.5% to 134 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic contraction. The growth pace was the most rapid in 2020 with an increase of 8.6% against the previous year. As a result, imports reached the peak of 324 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, aluminium bar imports rose rapidly to $952K in 2022. Over the period under review, imports recorded a abrupt decline.
| Import of Aluminium Bar in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 263 | 335 | 473 | 306 | 5.2% |
| Spain | 126 | 64.2 | 140 | 262 | 27.6% |
| Italy | 27.7 | 22.1 | 43.6 | 75.1 | 39.4% |
| Dominican Republic | 202 | N/A | N/A | 55.7 | -34.9% |
| Colombia | 30.6 | 23.8 | 37.2 | 24.2 | -7.5% |
| Turkey | N/A | 231 | 23.7 | 23.9 | -67.8% |
| Brazil | 1.1 | 7.8 | 25.9 | 18.2 | 154.8% |
| Greece | 893 | 221 | 72.8 | N/A | -71.4% |
| Others | 73.6 | 24.4 | 16.0 | 187 | 36.5% |
| Total | 1,617 | 930 | 832 | 952 | -16.2% |
Top Suppliers of Aluminium Bar to Venezuela in 2022:
- China (138.9 tons)
- Spain (42.9 tons)
- Dominican Republic (23.0 tons)
- Italy (18.4 tons)
- Turkey (7.9 tons)
- Brazil (4.8 tons)
- Colombia (3.5 tons)
Aluminium Bar Exports in Venezuela
For the third consecutive year, Venezuela recorded decline in overseas shipments of aluminium bars, rods and profiles, which decreased by -22.9% to 216 tons in 2022. Over the period under review, exports showed a abrupt decline. The smallest decline of -12.2% was in 2021.
In value terms, aluminium bar exports fell slightly to $776K in 2022. In general, exports continue to indicate a noticeable slump. The smallest decline of -2.3% was in 2021.
| Export of Aluminium Bar in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | N/A | 833 | N/A | 587 | -16.1% |
| Peru | N/A | N/A | N/A | 194 | 0% |
| Finland | N/A | N/A | N/A | 42.1 | 0% |
| Thailand | 128 | N/A | N/A | N/A | 0% |
| Chile | N/A | N/A | 814 | N/A | 0% |
| United States | 650 | N/A | N/A | N/A | 0% |
| Brazil | 74.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | -47.4 | 0% |
| Total | 853 | 833 | 814 | 776 | -3.1% |
Top Export Markets for Aluminium Bar from Venezuela in 2022:
- Colombia (209.4 tons)
- Peru (72.8 tons)
- Finland (16.7 tons)
This report provides an in-depth analysis of the aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
- Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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