Report Update Nov 1, 2024

Venezuela - Chromates, Dichromates and Peroxochromates - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Chromates Market 2024

Chromates Market Size in Venezuela

In 2022, the Venezuelan chromates market increased by 25% to $X, rising for the third year in a row after seven years of decline. Over the period under review, consumption, however, faced a abrupt curtailment. Chromates consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Chromates Production in Venezuela

In value terms, chromates production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 5.4% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Chromates Exports

Exports from Venezuela

In 2022, the amount of chromates, dichromates and peroxochromates exported from Venezuela amounted to X tons, approximately reflecting 2021. In general, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, chromates exports rose sharply to $X in 2022. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.8% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of 5.8% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for chromates exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest.

In value terms, Canada ($X) also remains the key foreign market for chromates, dichromates and peroxochromates exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +5.8%.

Export Prices by Country

The average chromates export price stood at $X per ton in 2022, with an increase of 5.8% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chromates export price increased by +75.8% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 5.8% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +5.8% per year.

Chromates Imports

Imports into Venezuela

In 2022, purchases abroad of chromates, dichromates and peroxochromates increased by 28% to X tons, rising for the fourth consecutive year after six years of decline. In general, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 202% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, chromates imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 146%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X tons) constituted the largest chromates supplier to Venezuela, with a 82% share of total imports. Moreover, chromates imports from South Africa exceeded the figures recorded by the second-largest supplier, Argentina (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from South Africa amounted to -5.0%.

In value terms, South Africa ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to Venezuela, comprising 66% of total imports. The second position in the ranking was held by Argentina ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa amounted to +2.4%.

Import Prices by Country

In 2022, the average chromates import price amounted to $X per ton, falling by -7.5% against the previous year. In general, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for South Africa amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+7.8%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, Turkey and Germany, together accounting for 44% of global consumption. These countries were followed by Kazakhstan, India, South Africa, Japan, China, Argentina, Italy, Estonia, Uruguay and Colombia, which together accounted for a further 44%.

What are the largest producers of chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, South Africa and Kazakhstan, with a combined 74% share of global production. Turkey, Argentina, Estonia and Austria lagged somewhat behind, together accounting for a further 24%.

What are the leading suppliers of chromates, dichromates and peroxochromates to Venezuela?

In value terms, Argentina constituted the largest supplier of chromates to Venezuela, comprising 45% of total imports. The second position in the ranking was occupied by Colombia, with a 3.9% share of total imports.

What are the leading importers of chromates, dichromates and peroxochromates from Venezuela?

In value terms, Canada remains the key foreign market for chromates exports from Venezuela.

What is the average export price for chromates, dichromates and peroxochromates in Venezuela?

The average chromates export price stood at $6,102 per ton in 2021, with an increase of 5.8% against the previous year.

What is the average import price for chromates, dichromates and peroxochromates in Venezuela?

The average chromates import price stood at $2,570 per ton in 2021, surging by 4.2% against the previous year.

This report provides an in-depth analysis of the chromates 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 20135125 - Chromates and dichromates, peroxochromates

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