Price for Copper Plates, Sheets and Strip in Venezuela - 2022

Price for Copper Plates, Sheets and Strip in Venezuela (CIF) - 2022

In 2022, the average import price for copper plates, sheets and strips amounted to $18,322 per ton, jumping by 32% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper plates, sheets and strip import price increased by +109.6% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($29,585 per ton), while the price for Peru ($6,180 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Plates, Sheets and Strip in Venezuela (FOB) - 2022

In 2022, the average export price for copper plates, sheets and strips amounted to $12,565 per ton, rising by 36% against the previous year. In general, the export price showed a pronounced expansion. The growth pace was the most rapid in 2019 when the average export price increased by 54% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +3.8% per year.

Imports of Copper Plates, Sheets and Strip in Venezuela

In 2022, imports of copper plates, sheets and strips into Venezuela soared to 21 tons, picking up by 226% against the previous year. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 259%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, copper plates, sheets and strip imports skyrocketed to $380K in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Copper Plates, Sheets and Strip in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	22.8	75.3	74.4	290	133.4%
United States	1.5	3.5	1.9	42.2	204.1%
Mexico	3.1	7.5	5.5	15.7	71.7%
China	0.3	5.8	1.6	11.1	233.2%
Brazil	0.1	0.6	0.9	4.8	263.4%
Canada	0.3	1.1	1.1	4.6	148.4%
Others	1.8	4.3	3.0	11.9	87.7%
Total	29.9	98.1	88.4	380	133.4%

Top Suppliers of Copper Plates, Sheets and Strip to Venezuela in 2022:

Hong Kong SAR (15.4 tons)
United States (1.4 tons)
Mexico (1.3 tons)
China (0.9 tons)
Canada (0.6 tons)
Brazil (0.3 tons)

Exports of Copper Plates, Sheets and Strip in Venezuela

In 2022, exports of copper plates, sheets and strips from Venezuela declined remarkably to 660 kg, which is down by -19.9% compared with the previous year's figure. In general, exports saw a precipitous descent.

In value terms, copper plates, sheets and strip exports rose sharply to $8.3K in 2022. The total export value increased at an average annual rate of +8.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 8.7%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.