Price for Chain and Parts Thereof, of Iron or Steel in Venezuela - 2022

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Venezuela (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Venezuela (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Venezuela
4. Exports of Chain and Parts Thereof, of Iron or Steel in Venezuela

Price for Chain and Parts Thereof, of Iron or Steel in Venezuela (CIF) - 2022

The average import price for chain and parts thereof, of iron or steel stood at $4,136 per ton in 2022, picking up by 6.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 87% against the previous year. As a result, import price reached the peak level of $9,443 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($32,447 per ton), while the price for China ($3,222 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Venezuela (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $1,477 per ton in 2022, dropping by -9.1% against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. As a result, the export price attained the peak level of $7,860 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($8,923 per ton), while the average price for exports to Jamaica ($347 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 Chile (+20.4%), while the prices for the other major destinations experienced a decline.

Imports of Chain and Parts Thereof, of Iron or Steel in Venezuela

In 2022, the amount of chain and parts thereof, of iron or steel imported into Venezuela soared to 2.1K tons, rising by 143% compared with the year before. Over the period under review, imports saw 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 chain and parts thereof, of iron or steel surged to $8.7M in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Venezuela in 2022:

1. China (1934.8 tons)
2. Colombia (57.7 tons)
3. United States (32.6 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Venezuela

In 2022, after three years of growth, there was decline in shipments abroad of chain and parts thereof, of iron or steel, when their volume decreased by -0.4% to 1.6 tons. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 65%. As a result, the exports attained the peak of 1.6 tons, leveling off in the following year.

In value terms, exports of chain and parts thereof, of iron or steel contracted to $3.1K in 2022. Overall, exports continue to indicate a abrupt contraction. The smallest decline of -6.5% was in 2020.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Venezuela in 2022:

1. Panama (1077.0 kg)
2. Ecuador (253.0 kg)
3. Jamaica (124.0 kg)
4. Colombia (75.0 kg)
5. Italy (39.0 kg)

Source: IndexBox Market Intelligence Platform