Venezuela: Articles Of Zinc Market 2025

Articles Of Zinc Market Size in Venezuela

The Venezuelan articles of zinc market declined to $X in 2021, waning by -7.1% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +62.4% against 2014 indices. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Articles Of Zinc Production in Venezuela

In value terms, articles of zinc production dropped to $X in 2021 estimated in export price. In general, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +80.9% against 2014 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 35%. As a result, production reached the peak level of $X, and then declined in the following year.

Articles Of Zinc Exports

Exports from Venezuela

In 2021, shipments abroad of articles of zinc was finally on the rise to reach X tons after eight years of decline. Overall, exports, however, saw a abrupt downturn. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, articles of zinc exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Panama (X tons) was the main destination for articles of zinc exports from Venezuela, accounting for a 92% share of total exports. Moreover, articles of zinc exports to Panama exceeded the volume sent to the second major destination, Honduras (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Panama totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (-21.0% per year) and Colombia (-34.4% per year).

In value terms, Panama ($X) remains the key foreign market for articles of zinc exports from Venezuela, comprising 93% of total exports. The second position in the ranking was held by Colombia ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Panama stood at +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-26.4% per year) and Honduras (-25.6% per year).

Export Prices by Country

In 2021, the average articles of zinc export price amounted to $X per ton, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 6.3% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Honduras ($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 Colombia (+12.3%), while the prices for the other major destinations experienced a decline.

Articles Of Zinc Imports

Imports into Venezuela

In 2021, supplies from abroad of articles of zinc increased by 350% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a significant decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, articles of zinc imports surged to $X in 2021. Overall, imports, however, continue to indicate a significant decrease. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Peru (X tons), Mexico (X tons) and South Korea (X tons) were the main suppliers of articles of zinc imports to Venezuela, with a combined 69% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +88.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Mexico ($X) and Sweden ($X) were the largest articles of zinc suppliers to Venezuela, together comprising 56% of total imports. These countries were followed by China, Panama, the United States and South Korea, which together accounted for a further 18%.

South Korea, with a CAGR of +33.5%, 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 more modest paces of growth.

Import Prices by Country

The average articles of zinc import price stood at $X per ton in 2021, declining by -7% against the previous year. Overall, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 153%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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