Venezuela: Copper Screw Market 2025

Copper Screw Market Size in Venezuela

The Venezuelan copper screw market contracted significantly to $X in 2021, declining by -75.6% 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). Over the period under review, consumption recorded a dramatic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Copper Screw Exports

Exports from Venezuela

Copper screw exports from Venezuela surged to X kg in 2021, increasing by 53% on the previous year. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 100%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, copper screw exports skyrocketed to $X in 2021. Overall, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X kg), Costa Rica (X kg) and Colombia (X kg) were the main destinations of copper screw exports from Venezuela, with a combined 65% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +9.0%), while the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) emerged as the key foreign market for copper screws, bolts and nuts exports from Venezuela, comprising 42% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 6.9% share of total exports. It was followed by Costa Rica, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+8.2% per year) and Costa Rica (+20.7% per year).

Export Prices by Country

The average copper screw export price stood at $X per ton in 2021, with an increase of 104% against the previous year. In general, the export price posted a noticeable expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 140%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Costa Rica ($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 Bolivia (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Copper Screw Imports

Imports into Venezuela

In 2021, copper screw imports into Venezuela contracted markedly to X kg, which is down by -81.4% on the previous year's figure. In general, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2015 with an increase of 918%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, copper screw imports reduced sharply to $X in 2021. Overall, imports saw a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of 1,093%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Trinidad and Tobago (X kg) constituted the largest supplier of copper screw to Venezuela, accounting for a 54% share of total imports. Moreover, copper screw imports from Trinidad and Tobago exceeded the figures recorded by the second-largest supplier, Panama (X kg), sixfold. The third position in this ranking was taken by Colombia (X kg), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Trinidad and Tobago was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-21.1% per year) and Colombia (+20.0% per year).

In value terms, Trinidad and Tobago ($X), Denmark ($X) and Panama ($X) constituted the largest copper screw suppliers to Venezuela, with a combined 63% share of total imports.

Trinidad and Tobago, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average copper screw import price amounted to $X per ton, rising by 69% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Denmark ($X per ton), while the price for Colombia ($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 (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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