Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela - 2022

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (CIF) - 2022

The average import price for clasps and frames with clasps stood at $10,531 per ton in 2022, waning by -42.1% against the previous year. Over the period under review, the import price continues to indicate a mild shrinkage. The growth pace was the most rapid in 2017 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the peak figure at $26,971 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($13,600 per ton), while the price for China ($898 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (-4.4%), while the prices for the other major suppliers experienced a decline.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (FOB) - 2022

The average export price for clasps and frames with clasps stood at $15,176 per ton in 2022, reducing by -4.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 127% against the previous year. As a result, the export price reached the peak level of $37,909 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Aruba amounted to +76.5% per year.

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela

In 2022, the amount of clasps and frames with clasps imported into Venezuela surged to 772 kg, with an increase of 104% on 2021 figures. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of clasps and frames with clasps skyrocketed to $8.1K in 2022. The total import value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.85.05.66.510.6%
Panama0.50.50.60.817.0%
Italy0.40.40.50.720.5%
United States0.10.10.10.10.0%
ChinaN/AN/A0.10.10.0%
OthersN/AN/AN/AN/A0%
Total5.86.16.98.111.8%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Venezuela in 2022:

  1. Spain (480.0 kg)
  2. Panama (127.0 kg)
  3. China (98.0 kg)
  4. Italy (51.0 kg)
  5. United States (12.0 kg)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela

For the fourth consecutive year, Venezuela recorded growth in shipments abroad of clasps and frames with clasps, which increased by 19% to 51 kg in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of clasps and frames with clasps stood at $774 in 2022. The total export value increased at an average annual rate of +13.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 13% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Venezuela (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama53460568477413.2%
OthersN/AN/AN/AN/A0%
Total53460568477413.2%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Venezuela in 2022:

  1. Panama (51.0 kg)

Source: IndexBox Market Intelligence Platform

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