Venezuela: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in Venezuela

The Venezuelan market for aluminium alloy plates, sheets and strip of thickness over X mm fell modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Aluminium Alloy Plates, Sheets and Strip of Thickness over X mm in Venezuela

In value terms, production of aluminium alloy plates, sheets and strip of thickness over X mm contracted to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Venezuela

In 2022, overseas shipments of aluminium alloy plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. In general, exports showed a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Costa Rica (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from Venezuela, with a X% share of total exports. Moreover, exports of aluminium alloy plates, sheets and strip of thickness over X mm to Costa Rica exceeded the volume sent to the second major destination, Brazil (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Costa Rica stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, Costa Rica ($X) remains the key foreign market for aluminium alloy plates, sheets and strip of thickness over X mm exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Costa Rica totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Colombia (X% per year).

Export Prices by Country

The average export price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, approximately mirroring the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank slightly in the following year.

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

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Venezuela

In 2022, purchases abroad of aluminium alloy plates, sheets and strip of thickness over X mm increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Brazil (X tons) and South Korea (X tons) were the main suppliers of imports of aluminium alloy plates, sheets and strip of thickness over X mm to Venezuela, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), China ($X) and South Korea ($X) were the largest aluminium alloy plate, sheet and strip of thickness over X mm suppliers to Venezuela, together accounting for X% of total imports.

Among the main suppliers, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2015; however, from 2016 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 the United States ($X per ton), while the price for China ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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