Venezuela: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Venezuela

The Venezuelan concrete reinforcing bar market reached $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Concrete Reinforcing Bar Production in Venezuela

In value terms, concrete reinforcing bar production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. Concrete reinforcing bar production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Concrete Reinforcing Bar Exports

Exports from Venezuela

In 2022, overseas shipments of concrete reinforcing bars increased by 0.5% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 354%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, concrete reinforcing bar exports totaled $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 568%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia (X tons) was the main destination for concrete reinforcing bar exports from Venezuela, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to +32.0%.

In value terms, Colombia ($X) also remains the key foreign market for concrete reinforcing bars exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Colombia totaled +33.2%.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 47%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to +0.9% per year.

Concrete Reinforcing Bar Imports

Imports into Venezuela

In 2022, overseas purchases of concrete reinforcing bars increased by 16% to X tons, rising for the fourth consecutive year after four years of decline. In general, imports, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar imports expanded rapidly to $X in 2022. Overall, imports, however, faced a dramatic slump. The growth pace was the most rapid in 2014 when imports increased by 37%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Dominican Republic (X tons) was the main concrete reinforcing bar supplier to Venezuela, accounting for a 92% share of total imports. Moreover, concrete reinforcing bar imports from the Dominican Republic exceeded the figures recorded by the second-largest supplier, Panama (X tons), more than tenfold. Mexico (X tons) ranked third in terms of total imports with a 0.6% share.

From 2012 to 2022, the average annual growth rate of volume from the Dominican Republic stood at -10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (+7.0% per year) and Mexico (-42.3% per year).

In value terms, the Dominican Republic ($X) constituted the largest supplier of concrete reinforcing bars to Venezuela, comprising 43% of total imports. The second position in the ranking was held by Panama ($X), with a 2.8% share of total imports. It was followed by Mexico, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Dominican Republic stood at -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-3.4% per year) and Mexico (-44.3% per year).

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 Panama ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cuba (+101.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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