Price for Nickel; Tube and Pipe Fittings in Venezuela - 2022

Price for Nickel; Tube and Pipe Fittings in Venezuela (CIF) - 2022

The average import price for nickel; tube and pipe fittingses stood at $20,410 per ton in 2022, growing by 2.5% against the previous year. Overall, the import price enjoyed a mild increase. The pace of growth was the most pronounced in 2013 an increase of 176%. The import price peaked at $52,872 per ton in 2016; however, from 2017 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 Germany ($232,429 per ton), while the price for Italy ($280 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced a decline.

Imports of Nickel; Tube and Pipe Fittings in Venezuela

Nickel; tube and pipe fittings imports into Venezuela dropped to 854 kg in 2022, which is down by -13.1% on the previous year's figure. Overall, imports saw a abrupt contraction. The smallest decline of -3.4% was in 2021.

In value terms, nickel; tube and pipe fittings imports shrank to $17K in 2022. In general, imports continue to indicate a drastic downturn.

Import of Nickel; Tube and Pipe Fittings in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	17.7	16.4	14.9	13.5	-8.6%
United States	2.4	1.7	1.2	0.9	-27.9%
China	2.3	1.7	1.2	0.9	-26.9%
Panama	0.7	0.6	0.6	0.5	-10.6%
Italy	0.1	N/A	N/A	N/A	0%
Others	1.5	1.5	1.6	1.6	2.2%
Total	24.7	22.0	19.6	17.4	-11.0%