Price for Hot-Rolled Wire Rod in Coils in Venezuela - 2022
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Venezuela (FOB) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Venezuela (CIF) - 2022
- Exports of Hot-Rolled Wire Rod in Coils in Venezuela
- Imports of Hot-Rolled Wire Rod in Coils in Venezuela
Price for Hot-Rolled Wire Rod in Coils in Venezuela (FOB) - 2022
In 2022, the average export price for hot-rolled wire rods in coils amounted to $830 per ton, picking up by 8.5% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +52.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($1,757 per ton), while the average price for exports to Peru ($159 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 Guatemala (+48.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Venezuela (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $901 per ton, rising by 4.5% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +76.5% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of 35%. Over the period under review, average import prices reached the peak figure at $926 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,075 per ton), while the price for Italy ($95 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 (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Hot-Rolled Wire Rod in Coils in Venezuela
In 2022, the amount of hot-rolled wire rods in coils exported from Venezuela shrank markedly to 32K tons, dropping by -39.5% against 2021 figures. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 869%. As a result, the exports attained the peak of 54K tons, and then shrank sharply in the following year.
In value terms, hot-rolled wire rod in coils exports shrank notably to $27M in 2022. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,261% against the previous year. As a result, the exports reached the peak of $41M, and then declined rapidly in the following year.
| Export of Hot-Rolled Wire Rod in Coils in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | N/A | 0.9 | 23.4 | 14.2 | 297.2% |
| Spain | N/A | N/A | 5.6 | 5.8 | 3.6% |
| Colombia | 1.0 | 0.3 | 7.2 | 3.4 | 50.4% |
| United States | 2.4 | 1.3 | 3.0 | 2.6 | 2.7% |
| Ecuador | 0.7 | 0.3 | 0.8 | 0.7 | 0.0% |
| Peru | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Others | 0.1 | 0.1 | 0.8 | 0.1 | 0.0% |
| Total | 4.4 | 3.0 | 41.0 | 26.9 | 82.9% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Venezuela in 2022:
- Guatemala (16.5K tons)
- Spain (7.5K tons)
- Colombia (4.2K tons)
- United States (2.6K tons)
- Peru (0.9K tons)
- Ecuador (0.4K tons)
Imports of Hot-Rolled Wire Rod in Coils in Venezuela
Hot-rolled wire rod in coils imports into Venezuela surged to 1.7K tons in 2022, rising by 32% compared with the previous year. In general, imports, however, showed a noticeable curtailment.
In value terms, hot-rolled wire rod in coils imports surged to $1.5M in 2022. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 56%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Hot-Rolled Wire Rod in Coils in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 800 | 591 | 928 | 1,280 | 17.0% |
| Colombia | 26.8 | 9.7 | 23.4 | 39.5 | 13.8% |
| Turkey | 11.4 | 6.8 | 8.5 | 9.4 | -6.2% |
| Italy | 8.5 | 4.5 | 5.0 | 4.9 | -16.8% |
| Spain | 35.3 | 11.6 | 8.3 | 3.1 | -55.6% |
| Others | 111 | 73.6 | 116 | 161 | 13.2% |
| Total | 992 | 697 | 1,090 | 1,498 | 14.7% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Venezuela in 2022:
- Argentina (1491.1 tons)
- Italy (51.2 tons)
- Colombia (29.5 tons)
- Turkey (23.5 tons)
- Spain (2.7 tons)
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