Venezuela: Metal Hammer Market 2025

Metal Hammer Market Size in Venezuela

In 2022, the Venezuelan metal hammer market was finally on the rise to reach $X after two years of decline. In general, consumption, however, continues to indicate a dramatic decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Hammer Exports

Exports from Venezuela

After four years of decline, overseas shipments of hammers and sledge hammers with working part of metal increased by 7.6% to X tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 6,804% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal hammer exports dropped to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 10,588%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Aruba (X tons) was the main destination for metal hammer exports from Venezuela, with a 67% share of total exports. Moreover, metal hammer exports to Aruba exceeded the volume sent to the second major destination, Saint Vincent and the Grenadines (X kg), fivefold. The third position in this ranking was held by Jamaica (X kg), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Aruba stood at +54.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saint Vincent and the Grenadines (+1.3% per year) and Jamaica (-10.9% per year).

In value terms, Aruba ($X) remains the key foreign market for hammers and sledge hammers with working part of metal exports from Venezuela, comprising 97% of total exports. The second position in the ranking was held by Colombia ($X), with a 0.8% share of total exports. It was followed by Jamaica, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Aruba totaled +62.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+6.2% per year) and Jamaica (-16.2% per year).

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, shrinking by -9.7% against the previous year. Overall, the export price, however, showed significant growth. The growth pace was the most rapid in 2015 when the average export price increased by 86%. The export price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Saint Vincent and the Grenadines ($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 Colombia (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Venezuela

In 2022, supplies from abroad of hammers and sledge hammers with working part of metal was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 474% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal hammer imports surged to $X in 2022. In general, imports, however, saw a sharp decrease. The pace of growth appeared the most rapid in 2019 with an increase of 766%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Panama (X tons) and Portugal (X tons) were the main suppliers of metal hammer imports to Venezuela, together comprising 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of -10.6%), while purchases for the other leaders experienced a decline.

In value terms, Panama ($X), China ($X) and Colombia ($X) constituted the largest metal hammer suppliers to Venezuela, with a combined 88% share of total imports.

Panama, with a CAGR of -3.0%, 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 a decline.

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, surging by 21% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal hammer import price decreased by -37.9% against 2020 indices. The pace of growth was the most pronounced in 2019 an increase of 51% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, 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 the United States ($X per ton), while the price for Portugal ($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 (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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