Venezuela: Iron Angle Market 2025

Iron Angle Market Size in Venezuela

After two years of decline, the Venezuelan iron angle market increased by 4.5% to $X in 2021. Over the period under review, consumption, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 6%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Iron Angle Production in Venezuela

In value terms, iron angle production reached $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 6%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Iron Angle Exports

Exports from Venezuela

In 2021, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -5.8% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2016 when exports increased by 53% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, iron angle exports amounted to $X in 2021. Over the period under review, exports saw a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for iron angle exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at -10.0%.

In value terms, Colombia ($X) also remains the key foreign market for angles, shapes and sections (of iron or non-alloy steel) exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Colombia stood at -14.6%.

Export Prices by Country

The average iron angle export price stood at $X per ton in 2021, picking up by 7.7% against the previous year. Over the period under review, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 11%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Colombia amounted to -5.0% per year.

Iron Angle Imports

Imports into Venezuela

In 2021, supplies from abroad of angles, shapes and sections (of iron or non-alloy steel) increased by 38% to X tons, rising for the fourth year in a row after five years of decline. In general, imports, however, continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2018 with an increase of 45% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron angle imports skyrocketed to $X in 2021. Overall, imports, however, recorded a sharp setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Spain (X tons) were the main suppliers of iron angle imports to Venezuela, with a combined 72% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +5.6%), while imports for the other leaders experienced a decline.

In value terms, the largest iron angle suppliers to Venezuela were China ($X), Turkey ($X) and Spain ($X), together accounting for 62% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +8.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average iron angle import price amounted to $X per ton, jumping by 16% against the previous year. Over the period under review, the import price, however, saw a mild reduction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, 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 Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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