Report Update: May 1, 2024

Venezuela - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights

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Metal Link Chain Price in Venezuela - 2022

Metal Link Chain Price in Venezuela (CIF) - 2022

The average metal link chain import price stood at $8,345 per ton in 2022, shrinking by -3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 an increase of 30% against the previous year. The import price peaked at $9,047 per ton in 2019; however, from 2020 to 2022, 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 Japan ($40,631 per ton), while the price for Canada ($543 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Link Chain Price in Venezuela (FOB) - 2022

The average metal link chain export price stood at $2,609 per ton in 2022, increasing by 4.5% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 60% against the previous year. Over the period under review, the average export prices reached the peak figure at $18,523 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($2,729 per ton), while the average price for exports to Jamaica totaled $226 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (-13.4%).

Metal Link Chain Imports in Venezuela

In 2022, approx. 83 tons of iron or steel articulated link chain were imported into Venezuela; which is down by -11.2% against the previous year's figure. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year.

In value terms, metal link chain imports dropped to $695K in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year.

Import of Metal Link Chain in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	363	258	362	333	-2.8%
Colombia	83.1	77.6	145	100	6.4%
Netherlands	111	74.2	97.9	84.7	-8.6%
Argentina	65.9	38.3	43.9	33.0	-20.6%
Panama	9.9	11.7	13.8	10.6	2.3%
Spain	3.9	3.9	12.7	9.8	36.0%
China	N/A	N/A	N/A	4.8	0%
United States	202	5.4	5.1	2.9	-75.7%
Canada	5.3	3.0	3.3	2.4	-23.2%
Others	173	109	125	113	-13.2%
Total	1,017	581	808	695	-11.9%

Top Suppliers of Metal Link Chain to Venezuela in 2022:

Malaysia (34.1 tons)
Colombia (16.7 tons)
Netherlands (7.3 tons)
Spain (4.8 tons)
China (4.7 tons)
Canada (4.5 tons)
Argentina (2.1 tons)
Panama (2.0 tons)
United States (1.1 tons)

Metal Link Chain Exports in Venezuela

In 2022, after three years of growth, there was significant decline in shipments abroad of iron or steel articulated link chain, when their volume decreased by -6% to 2.9 tons. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +97.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76% against the previous year.

In value terms, metal link chain exports dropped slightly to $7.5K in 2022. The total export value increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 3.7%.

Export of Metal Link Chain in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	7.0	7.2	7.6	7.4	1.9%
Jamaica	N/A	N/A	N/A	N/A	0%
Others	0.1	0.1	N/A	N/A	0.0%
Total	7.1	7.3	7.6	7.5	1.8%

Top Export Markets for Metal Link Chain from Venezuela in 2022:

Panama (2.7 tons)
Jamaica (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal link chain 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 28152170 - Iron or steel articulated link chain (excluding roller chain)

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