Venezuela: Moulds For Metal Market 2024

Moulds For Metal Market Size in Venezuela

The Venezuelan moulds for metal market declined rapidly to $X in 2022, falling by -31.4% 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). Over the period under review, consumption recorded a drastic downturn. Moulds for metal consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Moulds For Metal Exports

Exports from Venezuela

In 2022, approx. X kg of moulds for metals were exported from Venezuela; declining by -17.2% on 2021. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 195% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, moulds for metal exports contracted to $X in 2022. Over the period under review, exports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 124% 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 lower figure.

Exports by Country

Colombia (X kg), Ecuador (X kg) and Panama (X kg) were the main destinations of moulds for metal exports from Venezuela, together accounting for 78% 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 Ecuador (with a CAGR of +8.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for moulds for metal exported from Venezuela were Colombia ($X), Ecuador ($X) and Panama ($X), together comprising 95% of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +45.8%, saw 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

The average moulds for metal export price stood at $X per ton in 2022, with an increase of 4.7% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the Netherlands ($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 Ecuador (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Moulds For Metal Imports

Imports into Venezuela

In 2022, overseas purchases of moulds for metals decreased by -21.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 360%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, moulds for metal imports dropped dramatically to $X in 2022. Over the period under review, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 514% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Portugal (X tons) constituted the largest supplier of moulds for metal to Venezuela, accounting for a 52% share of total imports. Moreover, moulds for metal imports from Portugal exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), threefold. China (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume from Portugal was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.1% per year) and China (-28.2% per year).

In value terms, the largest moulds for metal suppliers to Venezuela were Spain ($X), Hong Kong SAR ($X) and Portugal ($X), with a combined 47% share of total imports.

Hong Kong SAR, with a CAGR of +1.3%, saw 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 more modest paces of growth.

Import Prices by Country

The average moulds for metal import price stood at $X per ton in 2022, reducing by -20.8% against the previous year. Over the period under review, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2019 an increase of 41%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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