Report Update Jan 1, 2025

Venezuela - Iron or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Expanded Metal Market 2025

Expanded Metal Market Size in Venezuela

The Venezuelan expanded metal market stood at $X in 2022, picking up by 3.9% against the previous year. In general, consumption, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 7.9%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Expanded Metal Production in Venezuela

In value terms, expanded metal production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 8.3% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Expanded Metal Exports

Exports from Venezuela

In 2018, the amount of iron or steel expanded metal exported from Venezuela was estimated at X tons, approximately equating the year before. In general, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2014. Over the period under review, the exports attained the peak figure in 2018 and are expected to retain growth in the immediate term.

In value terms, expanded metal exports totaled $X in 2018. Over the period under review, exports showed buoyant growth. The smallest decline of 99.9% was in 2014. Over the period under review, the exports hit record highs in 2018 and are likely to see steady growth in years to come.

Exports by Country

Honduras (X tons) was the main destination for expanded metal exports from Venezuela, with a approx. 99.9% share of total exports.

From 2013 to 2018, the average annual growth rate of volume to Honduras was relatively modest.

From 2013 to 2018, the average annual rate of growth in terms of value to Honduras was relatively modest.

Export Prices by Country

In 2018, the average expanded metal export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price faced a precipitous curtailment. The pace of growth appeared the most rapid in 2014 when the average export price decreased by 99.9% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Honduras.

From 2013 to 2018, the rate of growth in terms of prices for Angola amounted to 0.0% per year.

Expanded Metal Imports

Imports into Venezuela

After seven years of decline, purchases abroad of iron or steel expanded metal increased by 27% to X tons in 2022. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 251% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, expanded metal imports expanded rapidly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 75%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest expanded metal supplier to Venezuela, accounting for a 77% share of total imports. Moreover, expanded metal imports from Brazil exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+48.5% per year) and the United States (-9.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of iron or steel expanded metal to Venezuela, comprising 82% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Italy, with a 4% share.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.4% per year) and Italy (+10.2% per year).

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, dropping by -10.8% against the previous year. Over the period under review, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 22%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Italy ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel expanded metal in the world?

The country with the largest volume of expanded metal consumption was China, accounting for 24% of total volume. Moreover, expanded metal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of iron or steel expanded metal in the world?

China remains the largest expanded metal producing country worldwide, comprising approx. 29% of total volume. Moreover, expanded metal production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6.4% share.

What are the leading suppliers of iron or steel expanded metal to Venezuela?

In value terms, Brazil constituted the largest supplier of expanded metal to Venezuela, comprising 52% of total imports. The second position in the ranking was occupied by Germany, with a 20% share of total imports. It was followed by Italy, with a 14% share.

What is the average export price for iron or steel expanded metal in Venezuela?

In 2018, the average expanded metal export price amounted to $563 per ton, remaining stable against the previous year.

What is the average import price for iron or steel expanded metal in Venezuela?

The average expanded metal import price stood at $1,361 per ton in 2021, reducing by -2.3% against the previous year.

This report provides an in-depth analysis of the expanded metal 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 25931350 - Iron or steel expanded metal

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