Report Update Jan 1, 2025

Venezuela - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in Venezuela

In 2021, the Venezuelan flat-rolled steel products market increased by 26% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, recorded a deep setback. Flat-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Flat-Rolled Steel Products Production in Venezuela

In value terms, flat-rolled steel products production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 9.2% against the previous year. Flat-rolled steel products production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Flat-Rolled Steel Products Exports

Exports from Venezuela

For the ninth consecutive year, Venezuela recorded decline in overseas shipments of flat-rolled products of iron or non-alloy steel, which decreased by -6.3% to X tons in 2021. In general, exports saw a sharp slump. The smallest decline of -4.5% was in 2017. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, flat-rolled steel products exports amounted to $X in 2021. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by 15%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for flat-rolled steel products exports from Venezuela, accounting for a 96% share of total exports. Moreover, flat-rolled steel products exports to Colombia exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Colombia stood at -25.0%.

In value terms, Colombia ($X) remains the key foreign market for flat-rolled products of iron or non-alloy steel exports from Venezuela, comprising 98% of total exports. The second position in the ranking was held by India ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Colombia totaled -16.9%.

Export Prices by Country

In 2021, the average flat-rolled steel products export price amounted to $X per ton, rising by 21% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+10.8%).

Flat-Rolled Steel Products Imports

Imports into Venezuela

In 2021, overseas purchases of flat-rolled products of iron or non-alloy steel increased by 95% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a prominent increase. The growth pace was the most rapid in 2013 when imports increased by 139%. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports skyrocketed to $X in 2021. Overall, imports saw temperate growth. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), South Korea (X tons) and China (X tons) were the main suppliers of flat-rolled steel products imports to Venezuela, with a combined 89% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +53.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products suppliers to Venezuela were South Korea ($X), Brazil ($X) and China ($X), together accounting for 89% of total imports.

China, with a CAGR of +56.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flat-rolled steel products import price stood at $X per ton in 2021, picking up by 31% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for flat-rolled products of iron or non-alloy steel in the world?

China constituted the country with the largest volume of flat-rolled steel products consumption, accounting for 40% of total volume. Moreover, flat-rolled steel products consumption in China exceeded the figures recorded by the second-largest consumer, the United States, sevenfold. The third position in this ranking was occupied by Brazil, with a 5.8% share.

What are the largest producers of flat-rolled products of iron or non-alloy steel in the world?

China constituted the country with the largest volume of flat-rolled steel products production, comprising approx. 44% of total volume. Moreover, flat-rolled steel products production in China exceeded the figures recorded by the second-largest producer, Germany, sevenfold. The third position in this ranking was occupied by Brazil, with a 5.8% share.

What are the leading suppliers of flat-rolled products of iron or non-alloy steel to Venezuela?

In value terms, Brazil constituted the largest supplier of flat-rolled steel products to Venezuela, comprising 72% of total imports. The second position in the ranking was occupied by Germany, with a 13% share of total imports. It was followed by the United States, with an 8.1% share.

What are the leading importers of flat-rolled products of iron or non-alloy steel from Venezuela?

In value terms, the largest markets for flat-rolled steel products exported from Venezuela were Colombia and Peru.

What is the average export price for flat-rolled products of iron or non-alloy steel in Venezuela?

In 2020, the average flat-rolled steel products export price amounted to $610 per ton, picking up by 8.8% against the previous year.

What is the average import price for flat-rolled products of iron or non-alloy steel in Venezuela?

In 2020, the average flat-rolled steel products import price amounted to $1,022 per ton, approximately reflecting the previous year.

This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024