Report Update May 1, 2024

Venezuela - Aluminium and Titanium - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Aluminium And Titanium Market 2024

Aluminium And Titanium Market Size in Venezuela

The Venezuelan aluminium and titanium market soared to $X in 2022, rising by X% against the previous year. In general, consumption, however, continues to indicate a sharp downturn. Aluminium and titanium consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Aluminium And Titanium Production in Venezuela

In value terms, aluminium and titanium production declined slightly to $X in 2022 estimated in export price. In general, production saw a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Aluminium and titanium production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Aluminium And Titanium Exports

Exports from Venezuela

In 2022, exports of aluminium and titanium from Venezuela reduced rapidly to X tons, waning by X% on 2021. In general, exports saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium and titanium exports reduced sharply to $X in 2022. Over the period under review, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Brazil (X tons) and Montenegro (X tons) were the main destinations of aluminium and titanium exports from Venezuela, with a combined X% share of total exports. Mexico, China, the Czech Republic, Poland, Costa Rica, Colombia and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Brazil ($X) and Montenegro ($X) were the largest markets for aluminium and titanium exported from Venezuela worldwide, together comprising X% of total exports. The Czech Republic, Mexico, Poland, China, Costa Rica, Italy and Colombia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium and titanium export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to China ($X 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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium And Titanium Imports

Imports into Venezuela

In 2022, purchases abroad of aluminium and titanium decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium and titanium imports contracted to $X in 2022. Overall, imports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) was the main aluminium and titanium supplier to Venezuela, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Spain stood at X%.

In value terms, Spain ($X) constituted the largest supplier of aluminium and titanium to Venezuela.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%.

Import Prices by Country

In 2022, the average aluminium and titanium import price amounted to $X per ton, flattening at the previous year. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium and titanium in the world?

The country with the largest volume of aluminium and titanium consumption was China, accounting for 52% of total volume. Moreover, aluminium and titanium consumption in China exceeded the figures recorded by the second-largest consumer, Mozambique, sevenfold. The third position in this ranking was taken by the United States, with a 6.3% share.

What are the largest producers of aluminium and titanium in the world?

China constituted the country with the largest volume of aluminium and titanium production, accounting for 44% of total volume. Moreover, aluminium and titanium production in China exceeded the figures recorded by the second-largest producer, Mozambique, twofold. Russia ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of aluminium and titanium to Venezuela?

In value terms, Spain constituted the largest supplier of aluminium and titanium to Venezuela.

What are the leading importers of aluminium and titanium from Venezuela?

In value terms, the largest markets for aluminium and titanium exported from Venezuela were the United States, Brazil and Montenegro, together comprising 56% of total exports. The Czech Republic, Mexico, Poland, China, Costa Rica, Italy and Colombia lagged somewhat behind, together comprising a further 34%.

What is the average export price for aluminium and titanium in Venezuela?

The average aluminium and titanium export price stood at $2,168 per ton in 2022, declining by -11.8% against the previous year.

What is the average import price for aluminium and titanium in Venezuela?

The average aluminium and titanium import price stood at $2,456 per ton in 2022, remaining stable against the previous year.

This report provides an in-depth analysis of the aluminium and titanium market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023