Venezuela: Metal Letter Clip Market 2024

Metal Letter Clip Market Size in Venezuela

In 2022, the Venezuelan metal letter clip market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a dramatic contraction. Metal letter clip consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Letter Clip Exports

Exports from Venezuela

In 2022, approx. X kg of letter clips, letter corners of base metal were exported from Venezuela; with a decrease of X% compared with 2021 figures. In general, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal letter clip exports shrank sharply to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Costa Rica (X kg), Panama (X kg) and Colombia (X kg) were the main destinations of metal letter clip exports from Venezuela, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Panama ($X) remains the key foreign market for letter clips, letter corners of base metal exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Panama amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the average metal letter clip export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while the average price for exports to Colombia ($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 Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Metal Letter Clip Imports

Imports into Venezuela

After three years of decline, supplies from abroad of letter clips, letter corners of base metal increased by X% to X tons in 2022. Over the period under review, imports, however, faced a sharp decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal letter clip imports expanded to $X in 2022. In general, imports, however, recorded a precipitous contraction. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal letter clip supplier to Venezuela, accounting for a X% share of total imports. Moreover, metal letter clip imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

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

In value terms, China ($X), the United States ($X) and Italy ($X) constituted the largest metal letter clip suppliers to Venezuela, together accounting for X% of total imports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average metal letter clip import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal letter clip import price increased by X% against 2019 indices. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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