Venezuela: Aluminium Alloy Tube Market 2024

Aluminium Alloy Tube Market Size in Venezuela

The Venezuelan aluminium alloy tube market declined slightly to $X in 2022, standing approx. at the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminium Alloy Tube Production in Venezuela

In value terms, aluminium alloy tube production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 29%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Aluminium Alloy Tube Exports

Exports from Venezuela

Aluminium alloy tube exports from Venezuela contracted to X tons in 2022, reducing by -5.3% compared with 2021. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 99.9% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium alloy tube exports dropped to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 102%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for aluminium alloy tube exports from Venezuela, with a 74% share of total exports. Moreover, aluminium alloy tube exports to the United States exceeded the volume sent to the second major destination, Colombia (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +23.3%.

In value terms, the largest markets for aluminium alloy tube exported from Venezuela were the United States ($X) and Colombia ($X).

The United States, with a CAGR of +16.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average aluminium alloy tube export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+7.1%).

Aluminium Alloy Tube Imports

Imports into Venezuela

In 2022, supplies from abroad of aluminium alloy tubes and pipes increased by 19% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, showed a pronounced reduction. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, aluminium alloy tube imports reduced slightly to $X in 2022. In general, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 8.6% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of aluminium alloy tube to Venezuela, accounting for a 72% share of total imports. Moreover, aluminium alloy tube imports from the United States exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.5% per year) and Taiwan (Chinese) (+17.6% per year).

In value terms, the United States ($X) constituted the largest supplier of aluminium alloy tubes and pipes to Venezuela, comprising 52% of total imports. The second position in the ranking was taken by Mexico ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value from the United States totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+15.2% per year) and the Netherlands (-12.7% per year).

Import Prices by Country

In 2022, the average aluminium alloy tube import price amounted to $X per ton, waning by -16.9% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2017 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 Mexico ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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