Price for Iron or Steel; Cast Articles in Venezuela - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Venezuela (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Venezuela (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Venezuela
4. Exports of Iron or Steel; Cast Articles in Venezuela

Price for Iron or Steel; Cast Articles in Venezuela (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,052 per ton, declining by -43.4% against the previous year. Overall, the import price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the average import price increased by 150%. The import price peaked at $4,430 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($23,369 per ton), while the price for India ($1,322 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Venezuela (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $916 per ton, falling by -4.3% against the previous year. Over the period under review, the export price saw a deep downturn. The growth pace was the most rapid in 2018 an increase of 3.9%. Over the period under review, the average export prices attained the maximum at $2,191 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -2.6% per year.

Imports of Iron or Steel; Cast Articles in Venezuela

In 2022, imports of iron or steel; cast articleses into Venezuela fell remarkably to 444 tons, which is down by -19.6% on 2021. Over the period under review, imports faced a dramatic slump. The growth pace was the most rapid in 2021 when imports increased by 165% against the previous year.

In value terms, iron or steel; cast articles imports fell rapidly to $911K in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 563% against the previous year. As a result, imports reached the peak of $2M, and then contracted markedly in the following year.

Top Suppliers of Iron or Steel; Cast Articles to Venezuela in 2022:

1. Thailand (224.9 tons)
2. India (150.1 tons)
3. Colombia (56.8 tons)
4. United States (8.2 tons)
5. China (2.8 tons)
6. Brazil (0.2 tons)

Exports of Iron or Steel; Cast Articles in Venezuela

For the fourth consecutive year, Venezuela recorded growth in shipments abroad of iron or steel; cast articleses, which increased by 46% to 442 tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel; cast articles exports soared to $405K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Iron or Steel; Cast Articles from Venezuela in 2022:

1. Colombia (441.7 tons)

Source: IndexBox Market Intelligence Platform