Report Update Nov 1, 2024

Venezuela - Base Metal Hinges - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Base Metal Hinge Market 2024

Base Metal Hinge Market Size in Venezuela

In 2021, the Venezuelan base metal hinge market increased by 129% to $X, rising for the second consecutive year after seven years of decline. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Base Metal Hinge Exports

Exports from Venezuela

In 2021, overseas shipments of base metal hinges increased by 18,200% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, base metal hinge exports surged to $X in 2021. Over the period under review, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Dominican Republic (X tons) was the main destination for base metal hinge exports from Venezuela, with a 71% share of total exports. Moreover, base metal hinge exports to the Dominican Republic exceeded the volume sent to the second major destination, Trinidad and Tobago (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Dominican Republic amounted to +69.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+24.3% per year) and Aruba (-3.8% per year).

In value terms, the largest markets for base metal hinge exported from Venezuela were Aruba ($X), the Dominican Republic ($X) and Trinidad and Tobago ($X), together accounting for 99% of total exports.

The Dominican Republic, with a CAGR of +48.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average base metal hinge export price stood at $X per ton in 2021, waning by -63.5% against the previous year. In general, the export price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Aruba (+24.7%), while the prices for the other major destinations experienced a decline.

Base Metal Hinge Imports

Imports into Venezuela

In 2021, overseas purchases of base metal hinges increased by 112% to X tons, rising for the second consecutive year after seven years of decline. In general, imports, however, recorded a precipitous decrease. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, base metal hinge imports skyrocketed to $X in 2021. Overall, imports, however, showed a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest base metal hinge supplier to Venezuela, accounting for a 70% share of total imports. Moreover, base metal hinge imports from China exceeded the figures recorded by the second-largest supplier, Colombia (X tons), eightfold. Panama (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (-22.1% per year) and Panama (-26.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal hinges to Venezuela, comprising 52% of total imports. The second position in the ranking was held by Panama ($X), with an 8.3% share of total imports. It was followed by Austria, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-23.1% per year) and Austria (-5.3% per year).

Import Prices by Country

The average base metal hinge import price stood at $X per ton in 2021, surging by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2018 an increase of 33%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal hinges in the world?

The countries with the highest volumes of base metal hinge consumption in 2020 were China, the United States and India, together accounting for 50% of global consumption. Japan, Germany, Mexico, Turkey, Poland, South Korea, Italy, Russia, Canada and Thailand lagged somewhat behind, together comprising a further 29%.

What are the largest producers of base metal hinges in the world?

The country with the largest volume of base metal hinge production was China, accounting for 44% of total volume. Moreover, base metal hinge production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The United States ranked third in terms of total production with a 7.4% share.

What are the leading suppliers of base metal hinges to Venezuela?

In value terms, China constituted the largest supplier of base metal hinge to Venezuela, comprising 55% of total imports. The second position in the ranking was occupied by Austria, with a 17% share of total imports. It was followed by Colombia, with a 15% share.

What are the leading importers of base metal hinges from Venezuela?

In value terms, Colombia $647) remains the key foreign market for base metal hinge exports from Venezuela.

What is the average export price for base metal hinges in Venezuela?

In 2020, the average base metal hinge export price amounted to $26,203 per ton, increasing by 904% against the previous year.

What is the average import price for base metal hinges in Venezuela?

The average base metal hinge import price stood at $4,961 per ton in 2020, rising by 33% against the previous year.

This report provides an in-depth analysis of the base metal hinge 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 25721410 - Base metal hinges

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023