Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela - 2022

Contents:

  1. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (CIF) - 2022
  2. Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (FOB) - 2022
  3. Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela
  4. Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (CIF) - 2022

In 2022, the average import price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s amounted to $3,834 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. The import price peaked at $4,751 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 the United States ($22,772 per ton), while the price for China ($3,465 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (FOB) - 2022

The average export price for aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s stood at $3,106 per ton in 2022, dropping by -11.9% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 65% against the previous year. Over the period under review, the average export prices hit record highs at $3,526 per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($6,250 per ton), while the average price for exports to the United States ($2,169 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 Colombia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela

In 2022, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s into Venezuela soared to 2.8K tons, growing by 325% on the previous year. In general, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s skyrocketed to $11M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China97.51584647,647328.1%
Brazil26235558693953.0%
South Korea49.8109468668137.6%
United States20126352043929.7%
Italy9.214.645.7248199.8%
Germany40.061.814517162.3%
Others58.710525844696.6%
Total7181,0662,48810,559145.0%

Top Suppliers of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) to Venezuela in 2022:

  1. China (2206.8 tons)
  2. Brazil (230.0 tons)
  3. South Korea (149.9 tons)
  4. Italy (48.7 tons)
  5. Germany (29.0 tons)
  6. United States (19.3 tons)

Exports of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela

For the fourth year in a row, Venezuela recorded growth in overseas shipments of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s, which increased by 98% to 844 tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 693%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of aluminium; plates, sheets and strip, thickness exceeding 0.2mm, alloys, rectangular (including square)s soared to $2.6M in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,211% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.346.961.51,351579.8%
Costa Rica35.04841,014899195.1%
Italy14.3171280227151.3%
Colombia2.939.273.979.2201.1%
United States2.026.849.246.6185.6%
Others1.012.922.219.8170.5%
Total59.57801,5012,622253.2%

Top Export Markets for Aluminium; Plates, Sheets and Strip, Thickness Exceeding 0.2mm, Alloys, Rectangular (Including Square) from Venezuela in 2022:

  1. Brazil (481.3 tons)
  2. Costa Rica (262.1 tons)
  3. Italy (59.0 tons)
  4. United States (21.5 tons)
  5. Colombia (12.7 tons)

Source: IndexBox Market Intelligence Platform

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