Venezuela: Agglomerated Powder Rod Market 2024

Agglomerated Powder Rod Market Size in Venezuela

The Venezuelan agglomerated powder rod market soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a sharp decrease. Agglomerated powder rod consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Agglomerated Powder Rod Exports

Exports from Venezuela

In 2022, overseas shipments of base metal wire and rods of agglomerated base powder decreased by X% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, agglomerated powder rod exports expanded markedly to $X in 2022. In general, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Aruba (X kg) was the main destination for agglomerated powder rod exports from Venezuela, with a X% share of total exports. Moreover, agglomerated powder rod exports to Aruba exceeded the volume sent to the second major destination, Bolivia (X kg), ninefold. The third position in this ranking was held by Panama (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Aruba amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Panama (X% per year).

In value terms, the largest markets for agglomerated powder rod exported from Venezuela were Aruba ($X), Panama ($X) and Ecuador ($X), with a combined X% share of total exports.

Aruba, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average agglomerated powder rod export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2015 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. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Costa Rica ($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 Panama (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agglomerated Powder Rod Imports

Imports into Venezuela

In 2022, imports of base metal wire and rods of agglomerated base powder into Venezuela soared to X tons, rising by X% compared with the year before. Overall, imports, however, recorded a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, agglomerated powder rod imports soared to $X in 2022. Over the period under review, imports, however, continue to indicate a sharp contraction. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of agglomerated powder rod to Venezuela, accounting for a X% share of total imports. Moreover, agglomerated powder rod imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, the United States ($X) constituted the largest supplier of base metal wire and rods of agglomerated base powder to Venezuela, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and China (X% per year).

Import Prices by Country

The average agglomerated powder rod import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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