Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela - 2022

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela (CIF) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela (FOB) - 2022
3. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela
4. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $118,235 per ton in 2022, picking up by 41% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 121%. Over the period under review, average import prices attained the peak figure at $220,545 per ton in 2017; however, from 2018 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 Russia ($713,758 per ton), while the price for Argentina ($30,328 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 (+9.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $37,867 per ton in 2022, reducing by -10.1% against the previous year. Over the period under review, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $153,273 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to -4.7% per year.

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela

In 2022, the amount of balances; of a sensitivity of 5cg or better, with or without weightses imported into Venezuela skyrocketed to 524 kg, with an increase of 201% compared with 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses soared to $62K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Venezuela in 2022:

1. Argentina (247.0 kg)
2. Canada (95.0 kg)
3. China (56.0 kg)
4. Italy (33.0 kg)
5. Russia (33.0 kg)
6. Japan (14.0 kg)
7. Switzerland (13.0 kg)

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Venezuela

In 2022, exports of balances; of a sensitivity of 5cg or better, with or without weightses from Venezuela totaled 15 kg, approximately equating 2021. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses contracted to $568 in 2022. Overall, exports continue to indicate a deep slump. The smallest decline of -10.1% was in 2021.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Venezuela in 2022:

1. Panama (15.0 kg)

Source: IndexBox Market Intelligence Platform