Report Update Nov 1, 2024

Venezuela - Iron or Steel Flexible Tubing - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Metal Flexible Tubing Market 2024

Metal Flexible Tubing Market Size in Venezuela

After two years of growth, the Venezuelan metal flexible tubing market decreased by -37.3% to $X in 2021. In general, consumption continues to indicate a dramatic setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Metal Flexible Tubing Exports

Exports from Venezuela

In 2021, approx. X kg of iron or steel flexible tubing were exported from Venezuela; declining by -28.1% on the previous year. Overall, exports showed a noticeable setback. The pace of growth was the most pronounced in 2013 when exports increased by 634% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, metal flexible tubing exports reduced to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 443% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for metal flexible tubing exports from Venezuela, with a 90% share of total exports. Moreover, metal flexible tubing exports to Spain exceeded the volume sent to the second major destination, Colombia (X kg), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +65.6%.

In value terms, Spain ($X) and Colombia ($X) constituted the largest markets for metal flexible tubing exported from Venezuela worldwide.

Spain, with a CAGR of +66.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average metal flexible tubing export price amounted to $X per ton, increasing by 32% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2019 an increase of 144% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Colombia ($X per ton), while the average price for exports to Spain totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+20.3%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Flexible Tubing Imports

Imports into Venezuela

After two years of growth, purchases abroad of iron or steel flexible tubing decreased by -24.1% to X tons in 2021. Overall, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 427% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, metal flexible tubing imports dropped notably to $X in 2021. In general, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2014 when imports increased by 375% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The UK (X tons), China (X tons) and Argentina (X tons) were the main suppliers of metal flexible tubing imports to Venezuela, together accounting for 80% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of +79.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of iron or steel flexible tubing to Venezuela, comprising 79% of total imports. The second position in the ranking was held by the UK ($X), with a 6.3% share of total imports. It was followed by the United States, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.9% per year) and the United States (-43.7% per year).

Import Prices by Country

The average metal flexible tubing import price stood at $X per ton in 2021, reducing by -32.2% against the previous year. In general, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2018 an increase of 102% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+32.2%), 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 flexible tubing in the world?

The countries with the highest volumes of metal flexible tubing consumption in 2020 were China, Brazil and the United States, together accounting for 40% of global consumption.

What are the largest producers of iron or steel flexible tubing in the world?

China remains the largest metal flexible tubing producing country worldwide, accounting for 31% of total volume. Moreover, metal flexible tubing production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. The third position in this ranking was occupied by India, with a 7.9% share.

What are the leading suppliers of iron or steel flexible tubing to Venezuela?

In value terms, Canada constituted the largest supplier of metal flexible tubing to Venezuela, comprising 59% of total imports. The second position in the ranking was occupied by the UK, with a 13% share of total imports. It was followed by Argentina, with an 11% share.

What are the leading importers of iron or steel flexible tubing from Venezuela?

In value terms, Colombia and Spain were the largest markets for metal flexible tubing exported from Venezuela worldwide.

What is the average export price for iron or steel flexible tubing in Venezuela?

The average metal flexible tubing export price stood at $8,835 per ton in 2020, with a decrease of -56.7% against the previous year.

What is the average import price for iron or steel flexible tubing in Venezuela?

The average metal flexible tubing import price stood at $9,207 per ton in 2020, increasing by 23% against the previous year.

This report provides an in-depth analysis of the metal flexible tubing 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 25992983 - Iron or steel flexible tubing (excluding rubber tubing incorporating or fitted with external metallic reinforcements, f lexible tubing made into the form of machinery or vehicle parts)

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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023