Report Venezuela - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Mar 1, 2025

Venezuela - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Cold-Rolled) - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in Venezuela

The Venezuelan cold-rolled steel products market shrank to $X in 2022, remaining stable against the previous year. In general, consumption, however, showed a mild reduction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cold-Rolled Steel Products Production in Venezuela

In value terms, cold-rolled steel products production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a mild shrinkage. The growth pace was the most rapid in 2013 with an increase of 4.5%. Cold-rolled steel products production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Cold-Rolled Steel Products Exports

Exports from Venezuela

In 2022, the amount of flat-rolled products of iron or steel (not further worked than cold-rolled) exported from Venezuela declined slightly to X tons, shrinking by -2% against the previous year. In general, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 2.3%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cold-rolled steel products exports fell slightly to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 6.7% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Colombia (X tons) was the main destination for cold-rolled steel products exports from Venezuela, accounting for a 69% share of total exports. Moreover, cold-rolled steel products exports to Colombia exceeded the volume sent to the second major destination, Costa Rica (X tons), fivefold. The Dominican Republic (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (-0.1% per year) and the Dominican Republic (-10.0% per year).

In value terms, Colombia ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than cold-rolled) exports from Venezuela, comprising 82% of total exports. The second position in the ranking was held by Ecuador ($X), with a 13% share of total exports. It was followed by Peru, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to Colombia stood at -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-10.6% per year) and Peru (-17.9% per year).

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, 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 Ecuador ($X per ton), while the average price for exports to Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Venezuela

In 2022, overseas purchases of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 26% to X tons, rising for the third year in a row after five years of decline. Overall, imports, however, saw a abrupt downturn. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, cold-rolled steel products imports soared to $X in 2022. In general, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Colombia (X tons), China (X tons) and Brazil (X tons) were the main suppliers of cold-rolled steel products imports to Venezuela, with a combined 86% share of total imports. Panama, the United States and South Africa lagged somewhat behind, together comprising a further 7.8%.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of +5.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Colombia ($X) and Panama ($X) were the largest cold-rolled steel products suppliers to Venezuela, with a combined 72% share of total imports.

Colombia, with a CAGR of +2.5%, recorded 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 a decline.

Import Prices by Country

The average cold-rolled steel products import price stood at $X per ton in 2022, with an increase of 14% against the previous year. In general, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +130.1% against 2015 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 South Africa ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of cold-rolled steel products consumption in 2020 were China, South Korea and the U.S., together comprising 51% of global consumption. Japan, Russia, Indonesia, Brazil, India, Germany, Canada and Mexico lagged somewhat behind, together comprising a further 23%.
The countries with the highest volumes of cold-rolled steel products production in 2020 were China, South Korea and the U.S., together accounting for 55% of global production.
In value terms, China constituted the largest supplier of cold-rolled steel products to Venezuela, comprising 78% of total imports. The second position in the ranking was occupied by the U.S., with a 13% share of total imports.
In value terms, Colombia remains the key foreign market for cold-rolled steel products exports from Venezuela, comprising 97% of total exports. The second position in the ranking was occupied by Ecuador, with a 2.7% share of total exports.
In 2020, the average cold-rolled steel products export price amounted to $634 per ton, reducing by -7.8% against the previous year.
The average cold-rolled steel products import price stood at $781 per ton in 2020, with an increase of 8% against the previous year.

This report provides an in-depth analysis of the cold-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 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
  • Prodcom 24104150 - Electrical sheet and strip, grain non-oriented of a width . .600 mm
  • Prodcom 241041Z0 - Uncoated cold-rolled sheet, plate and strip (including electrical sheet and strip not finally annealed), of a width . .600 mm, of steel other than stainless steel
  • Prodcom 24104200 - Cold-rolled sheet, plate and wide strip of a width of .600 mm or more (of stainless steel)
  • Prodcom 24104300 - Flat-rolled products of alloy steel other than stainless, of a width of . .600 mm, simply cold-rolled (excluding products of high-speed steel or silicon-electrical steel)
  • Prodcom 24321025 - Flat-rolled products of iron or non-alloy steel, of a width of < .600 mm, simply cold-rolled
  • Prodcom 243210Z1 - Cold-rolled narrow strip and cold-rolled slit strip, of non-alloy steel and of alloy steel (other than stainless steel), of a width < .600 mm
  • Prodcom 243210Z2 - Cold-rolled narrow strip and cold-rolled slit strip, of stainless steel (excluding insulated electric strip, corrugated strip with one edge serrated or bevelled), 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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

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