Report Update Nov 1, 2024

Venezuela - Baths of Iron or Steel - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Metal Bath Market 2024

Metal Bath Market Size in Venezuela

The Venezuelan metal bath market contracted to $X in 2021, dropping by -13.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a abrupt decline. Metal bath consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Bath Exports

Exports from Venezuela

In 2021, approx. X kg of baths of iron or steel were exported from Venezuela; increasing by 7.6% on the previous year. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 628%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal bath exports rose significantly to $X in 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 1,070% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Panama (X kg) was the main destination for metal bath exports from Venezuela, with a approx. 115% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Panama amounted to +14.2%.

In value terms, Panama ($X) also remains the key foreign market for baths of iron or steel exports from Venezuela.

From 2012 to 2021, the average annual growth rate of value to Panama stood at +35.1%.

Export Prices by Country

In 2021, the average metal bath export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 183%. The export price peaked at $X per ton in 2020, and then shrank in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for Panama amounted to +18.2% per year.

Metal Bath Imports

Imports into Venezuela

In 2021, the amount of baths of iron or steel imported into Venezuela rose rapidly to X tons, with an increase of 13% against 2020. In general, imports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 20% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal bath imports plummeted to $X in 2021. Overall, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 70%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest metal bath supplier to Venezuela, with a 55% share of total imports. Moreover, metal bath imports from the United States exceeded the figures recorded by the second-largest supplier, Panama (X tons), threefold. The third position in this ranking was held by China (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-18.7% per year) and China (-28.9% per year).

In value terms, the largest metal bath suppliers to Venezuela were the United States ($X), China ($X) and India ($X).

In terms of the main suppliers, the United States, with a CAGR of +0.7%, saw the highest rates of growth with regard to 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 metal bath import price amounted to $X per ton, reducing by -31.1% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

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 China ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+26.1%), 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 baths of iron or steel in the world?

The country with the largest volume of metal bath consumption was China, accounting for 24% of total volume. Moreover, metal bath consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 10% share.

What are the largest producers of baths of iron or steel in the world?

China constituted the country with the largest volume of metal bath production, comprising approx. 29% of total volume. Moreover, metal bath production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.6% share.

What are the leading suppliers of baths of iron or steel to Venezuela?

In value terms, the United States, China and Panama were the largest metal bath suppliers to Venezuela, together comprising 93% of total imports.

What is the average export price for baths of iron or steel in Venezuela?

In 2019, the average metal bath export price amounted to $2,833 per ton, approximately mirroring the previous year.

What is the average import price for baths of iron or steel in Venezuela?

In 2020, the average metal bath import price amounted to $14,840 per ton, surging by 59% against the previous year.

This report provides an in-depth analysis of the metal bath 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 25991127 - Baths of iron or steel

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