Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $9,909 per ton, surging by 902% against the previous year. In general, the import price posted a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($28,821 per ton), while the price for Brazil ($6,586 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (FOB) - 2022
In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,155 per ton, reducing by -12.5% against the previous year. Overall, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 118% against the previous year. Over the period under review, the average export prices hit record highs at $3,222 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 +5.2% per year.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela
In 2022, purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -14.6% to 91 tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 74%. As a result, imports attained the peak of 3.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $900K in 2022. Overall, imports continue to indicate a abrupt decline.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 215 | 923 | 57.1 | 482 | 30.9% |
| United States | 117 | 297 | 18.5 | 157 | 10.3% |
| Colombia | 44.3 | 133 | 12.2 | 126 | 41.7% |
| Brazil | 349 | 213 | 11.7 | 87.2 | -37.0% |
| Italy | 34.8 | 67.5 | 3.2 | 20.8 | -15.8% |
| Spain | 36.9 | 53.2 | 1.2 | 20.2 | -18.2% |
| Costa Rica | 423 | N/A | N/A | N/A | 0% |
| Others | N/A | 9.9 | 1.3 | 7.0 | -15.9% |
| Total | 1,220 | 1,695 | 105 | 900 | -9.6% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Venezuela in 2022:
- China (61.2 tons)
- Brazil (13.2 tons)
- Colombia (7.0 tons)
- United States (5.5 tons)
- Italy (2.4 tons)
- Spain (1.1 tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela
After three years of growth, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -0.2% to 50 tons in 2022. The total export volume increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 30%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped to $58K in 2022. In general, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 34%.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 68.8 | 48.9 | 66.5 | 58.0 | -5.5% |
| Others | N/A | 0.7 | N/A | N/A | 0% |
| Total | 68.8 | 49.6 | 66.5 | 58.0 | -5.5% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Venezuela in 2022:
- Colombia (50.2 tons)
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