Report Update Feb 1, 2025

Venezuela - Aluminum - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Aluminum Market 2025

Aluminum Market Size in Venezuela

The Venezuelan aluminum market dropped markedly to $X in 2021, which is down by -94.9% against the previous year. In general, consumption showed a dramatic slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aluminum Production in Venezuela

In value terms, aluminum production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a dramatic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 16% against the previous year. Aluminum production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Aluminum Exports

Exports from Venezuela

After three years of decline, shipments abroad of aluminum increased by 208% to X tons in 2021. Overall, exports posted notable growth. The pace of growth was the most pronounced in 2014 when exports increased by 655% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aluminum exports surged to $X in 2021. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 706% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for aluminum exports from Venezuela, with a 47% share of total exports. Moreover, aluminum exports to the United States exceeded the volume sent to the second major destination, China (X tons), fivefold. The third position in this ranking was taken by Brazil (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+33.9% per year) and Brazil (+10.2% per year).

In value terms, the United States ($X) remains the key foreign market for aluminum exports from Venezuela, comprising 52% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9% share of total exports. It was followed by Brazil, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.5% per year) and Brazil (+15.7% per year).

Export Prices by Country

In 2021, the average aluminum export price amounted to $X per ton, surging by 55% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into Venezuela

In 2021, purchases abroad of aluminum increased by 18% to X tons, rising for the sixth consecutive year after two years of decline. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 542% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, aluminum imports soared to $X in 2021. Over the period under review, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 424%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Spain (X tons) was the main aluminum supplier to Venezuela, accounting for a 99% share of total imports. It was followed by Brazil (X kg), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +18.3%.

In value terms, Spain ($X) constituted the largest supplier of aluminum to Venezuela, comprising 97% of total imports. The second position in the ranking was taken by Brazil ($X), with less than 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +18.1%.

Import Prices by Country

The average aluminum import price stood at $X per ton in 2021, remaining constant against the previous year. In general, the import price recorded a slight decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 20%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum in the world?

China remains the largest aluminum consuming country worldwide, comprising approx. 58% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, the United States, tenfold. The third position in this ranking was occupied by Japan, with a 3% share.

What are the largest producers of aluminum in the world?

China constituted the country with the largest volume of aluminum production, accounting for 56% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Russia, tenfold. India ranked third in terms of total production with a 5.3% share.

What are the leading suppliers of aluminum to Venezuela?

In value terms, the United States constituted the largest supplier of aluminum to Venezuela, comprising 73% of total imports. The second position in the ranking was occupied by Spain, with a 25% share of total imports.

What are the leading importers of aluminum from Venezuela?

In value terms, the United States, China and Italy appeared to be the largest markets for aluminum exported from Venezuela worldwide, with a combined 57% share of total exports.

What is the average export price for aluminum in Venezuela?

In 2020, the average aluminum export price amounted to $1,580 per ton, which is down by -9.8% against the previous year.

What is the average import price for aluminum in Venezuela?

The average aluminum import price stood at $2,476 per ton in 2020, approximately mirroring the previous year.

This report provides an in-depth analysis of the aluminum market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024