Report Update Apr 1, 2024

Venezuela - Gold, in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Semi-Manufactured Gold Market 2024

Semi-Manufactured Gold Market Size in Venezuela

In 2022, after three years of decline, there was decline in the Venezuelan semi-manufactured gold market, when its value decreased by 0% to less than $X. Over the period under review, consumption continues to indicate a mild decrease. The growth pace was the most rapid in 2019 when the market value decreased by -1.8%. Semi-manufactured gold consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Semi-Manufactured Gold Production in Venezuela

In value terms, semi-manufactured gold production reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 13,222,516,000%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Semi-Manufactured Gold Exports

Exports from Venezuela

In 2019, approx. X tons of gold, in semi-manufactured forms were exported from Venezuela; dropping by -22.2% compared with the previous year's figure. In general, exports faced a sharp curtailment. Over the period under review, the exports hit record highs at X tons in 2018, and then fell remarkably in the following year.

In value terms, semi-manufactured gold exports dropped rapidly to $X in 2019. Overall, exports continue to indicate a sharp shrinkage. Over the period under review, the exports reached the maximum at $X in 2018, and then fell remarkably in the following year.

Exports by Country

Uganda (X tons) was the main destination for semi-manufactured gold exports from Venezuela, accounting for a 79% share of total exports. Moreover, semi-manufactured gold exports to Uganda exceeded the volume sent to the second major destination, Italy (X kg), sevenfold.

From 2018 to 2019, the average annual growth rate of volume to Uganda was relatively modest.

In value terms, Uganda ($X) emerged as the key foreign market for gold, in semi-manufactured forms exports from Venezuela, comprising 78% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of value to Uganda was relatively modest.

Export Prices by Country

The average semi-manufactured gold export price stood at $X per kg in 2019, with a decrease of -1.8% against the previous year. In general, the export price saw a mild contraction. Over the period under review, the average export prices attained the peak figure at $X per kg in 2018, and then reduced slightly in the following year.

Average prices varied noticeably for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Italy ($X per kg), while the average price for exports to Uganda totaled $X per kg.

From 2018 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Semi-Manufactured Gold Imports

Imports into Venezuela

In 2022, approx. X kg of gold, in semi-manufactured forms were imported into Venezuela; stabilizing at the year before. In general, imports faced a abrupt slump. The smallest decline of -85.7% was in 2013. Over the period under review, imports reached the maximum at X kg in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, semi-manufactured gold imports expanded slightly to $X in 2022. Overall, imports faced a sharp decline. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main semi-manufactured gold supplier to Venezuela, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to -17.7%.

In value terms, the United States ($X) constituted the largest supplier of gold, in semi-manufactured forms to Venezuela.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -23.0%.

Import Prices by Country

In 2022, the average semi-manufactured gold import price amounted to $X per ton, increasing by 2% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -6.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gold, in semi-manufactured forms in the world?

The UK constituted the country with the largest volume of semi-manufactured gold consumption, comprising approx. 27% of total volume. Moreover, semi-manufactured gold consumption in the UK exceeded the figures recorded by the second-largest consumer, Mexico, threefold. The third position in this ranking was held by South Africa, with an 8.2% share.

What are the largest producers of gold, in semi-manufactured forms in the world?

The country with the largest volume of semi-manufactured gold production was the UK, comprising approx. 32% of total volume. Moreover, semi-manufactured gold production in the UK exceeded the figures recorded by the second-largest producer, Mexico, fourfold. Australia ranked third in terms of total production with an 8.2% share.

What are the leading suppliers of gold, in semi-manufactured forms to Venezuela?

In value terms, the United States $520) constituted the largest supplier of gold, in semi-manufactured forms to Venezuela.

What are the leading importers of gold, in semi-manufactured forms from Venezuela?

In value terms, Uganda emerged as the key foreign market for gold, in semi-manufactured forms exports from Venezuela, comprising 78% of total exports. The second position in the ranking was taken by Italy, with an 11% share of total exports.

What is the average export price for gold, in semi-manufactured forms in Venezuela?

In 2019, the average semi-manufactured gold export price amounted to $42,424 per kg, with a decrease of -1.8% against the previous year.

What is the average import price for gold, in semi-manufactured forms in Venezuela?

In 2022, the average semi-manufactured gold import price amounted to $520,000 per ton, increasing by 2% against the previous year.

This report provides an in-depth analysis of the semi-manufactured gold 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:

Prodcom 24412050 - Gold, in semi-manufactured forms for non-monetary use (including plated with platinum) (excluding unwrought or in powder form)

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