Venezuela: Market for Copper Tubes, Pipes And Fitting 2025

Market Size for Copper Tubes, Pipes And Fitting in Venezuela

The Venezuelan copper pipe and fitting market shrank modestly to $X in 2021, reducing by -2.6% against the previous year. Overall, consumption, however, showed a pronounced reduction. Copper pipe and fitting consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Copper Tubes, Pipes And Fitting in Venezuela

In value terms, copper pipe and fitting production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24% against the previous year. Copper pipe and fitting production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Copper Tubes, Pipes And Fitting

Exports from Venezuela

In 2021, exports of copper tubes, pipes and fitting from Venezuela soared to X tons, increasing by 25% on 2020. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 265% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, copper pipe and fitting exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2018 when exports increased by 383%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Egypt (X tons), the United States (X tons) and Panama (X tons) were the main destinations of copper pipe and fitting exports from Venezuela, together accounting for 99% 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 Panama (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) emerged as the key foreign market for copper tubes, pipes and fitting exports from Venezuela, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 26% share of total exports. It was followed by Panama, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+33.5% per year) and Panama (+24.5% per year).

Export Prices by Country

The average copper pipe and fitting export price stood at $X per ton in 2021, growing by 8.4% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 32%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Panama ($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 Peru (+47.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Copper Tubes, Pipes And Fitting

Imports into Venezuela

In 2021, purchases abroad of copper tubes, pipes and fitting increased by 35% to X tons, rising for the third consecutive year after six years of decline. Over the period under review, imports, however, continue to indicate a sharp slump. The pace of growth appeared the most rapid in 2019 with an increase of 204%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, copper pipe and fitting imports skyrocketed to $X in 2021. Overall, imports, however, faced a precipitous decline. The growth pace was the most rapid in 2019 when imports increased by 115% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest copper pipe and fitting supplier to Venezuela, with a 45% share of total imports. Moreover, copper pipe and fitting imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-25.6% per year) and Chile (-28.0% per year).

In value terms, China ($X) constituted the largest supplier of copper tubes, pipes and fitting to Venezuela, comprising 38% of total imports. The second position in the ranking was taken by Chile ($X), with a 15% share of total imports. It was followed by Mexico, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (-21.1% per year) and Mexico (-32.0% per year).

Import Prices by Country

In 2021, the average copper pipe and fitting import price amounted to $X per ton, picking up by 30% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 32%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iran ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :