Venezuela: Market for Articles Of Non-Malleable Cast Iron 2025

Market Size for Articles Of Non-Malleable Cast Iron in Venezuela

The Venezuelan non-malleable cast iron articles market fell slightly to $X in 2022, which is down by -4.9% against the previous year. In general, consumption showed a abrupt setback. Non-malleable cast iron articles consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Articles Of Non-Malleable Cast Iron in Venezuela

In value terms, non-malleable cast iron articles production declined slightly to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 11% against the previous year. Non-malleable cast iron articles production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Non-Malleable Cast Iron

Exports from Venezuela

In 2022, shipments abroad of articles of non-malleable cast iron increased by 67% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 251%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-malleable cast iron articles exports skyrocketed to $X in 2022. Overall, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 265%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) and Ecuador (X tons) were the main destinations of non-malleable cast iron articles exports from Venezuela.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ecuador (with a CAGR of -11.3%).

In value terms, the largest markets for non-malleable cast iron articles exported from Venezuela were Ecuador ($X) and Colombia ($X).

Ecuador, with a CAGR of -11.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average non-malleable cast iron articles export price amounted to $X per ton, reducing by -29.3% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (-0.1%).

Imports of Articles Of Non-Malleable Cast Iron

Imports into Venezuela

In 2022, the amount of articles of non-malleable cast iron imported into Venezuela fell to X tons, with a decrease of -2% on the previous year's figure. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2019 when imports increased by 1,212%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-malleable cast iron articles imports rose to $X in 2022. In general, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 1,749%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X tons) constituted the largest non-malleable cast iron articles supplier to Venezuela, with a 59% share of total imports. Moreover, non-malleable cast iron articles imports from Mexico exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Spain (X tons), with an 8.4% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-4.8% per year) and Spain (+14.5% per year).

In value terms, Italy ($X), Mexico ($X) and Spain ($X) appeared to be the largest non-malleable cast iron articles suppliers to Venezuela, with a combined 69% share of total imports.

Mexico, with a CAGR of -4.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average non-malleable cast iron articles import price amounted to $X per ton, rising by 6.9% against the previous year. Over the period under review, the import price, however, saw a noticeable decline. The growth pace was the most rapid in 2015 when the average import price increased by 48%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for Spain ($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 (+29.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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