Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela - 2022

Contents:

  1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela (CIF) - 2022
  2. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $5,238 per ton in 2022, falling by -25.3% against the previous year. Overall, the import price recorded a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $8,406 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 France ($51,040 per ton), while the price for Spain ($342 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s imported into Venezuela soared to 15 tons, rising by 592% on the previous year. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $78K in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands7.52.311.352.991.8%
Sweden1.10.31.67.690.5%
United States0.2N/A0.17.4233.2%
China0.3N/A0.22.294.3%
Colombia0.2N/A0.20.858.7%
Spain0.1N/AN/A0.10.0%
Others1.40.41.77.171.8%
Total10.73.115.178.194.0%

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Venezuela in 2022:

  1. United States (4.9 tons)
  2. Netherlands (4.3 tons)
  3. China (3.9 tons)
  4. Colombia (0.6 tons)
  5. Sweden (0.4 tons)
  6. Spain (0.4 tons)
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