Venezuela - Titanium Sponge, Powders, Ingots and Slabs - Market Analysis, Forecast, Size, Trends and Insights
Venezuela: Titanium Market 2023
Titanium Market Size in Venezuela
For the seventh year in a row, the Venezuelan titanium market recorded decline in sales value, which decreased by -2.5% to $X in 2021. In general, consumption recorded a sharp downturn. Titanium consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.
Imports into Venezuela
Titanium imports into Venezuela totaled X kg in 2021, standing approx. at 2020 figures. In general, imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at X kg in 2012; however, from 2013 to 2021, imports remained at a lower figure.
In value terms, titanium imports reduced slightly to $X in 2021. Overall, imports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 20% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
Italy (X kg) and the United States (X kg) were the main suppliers of titanium imports to Venezuela.
From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +4.6%).
In value terms, Italy ($X), the United States ($X) and China ($X) appeared to be the largest titanium suppliers to Venezuela.
The United States, with a CAGR of -26.2%, saw the highest rates of growth with regard to 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 titanium import price stood at $X per ton in 2021, falling by -4.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 118% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.7%), while the prices for the other major suppliers experienced a decline.
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This report provides an in-depth analysis of the 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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