Report Update Nov 1, 2024

Venezuela - Iron or Steel Parts of Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Market for Iron Or Steel Parts Of Articulated Link Chain 2024

Market Size for Iron Or Steel Parts Of Articulated Link Chain in Venezuela

In 2021, the Venezuelan metal link chain parts market increased by 22% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption, however, showed a deep contraction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Exports of Iron Or Steel Parts Of Articulated Link Chain

Exports from Venezuela

In 2019, metal link chain parts exports from Venezuela shrank dramatically to X kg, dropping by -70.1% compared with 2018. Over the period under review, exports faced a precipitous shrinkage. Over the period under review, the exports reached the maximum at X kg in 2018, and then dropped sharply in the following year.

In value terms, metal link chain parts exports dropped remarkably to $X in 2019. In general, exports recorded a significant curtailment. Over the period under review, the exports hit record highs at $X in 2018, and then contracted rapidly in the following year.

Exports by Country

Panama (X kg) was the main destination for metal link chain parts exports from Venezuela, with a approx. 100% share of total exports.

From 2018 to 2019, the average annual rate of growth in terms of volume to Panama was relatively modest.

In value terms, Panama ($X) emerged as the key foreign market for iron or steel parts of articulated link chain exports from Venezuela.

From 2018 to 2019, the average annual rate of growth in terms of value to Panama was relatively modest.

Export Prices by Country

The average metal link chain parts export price stood at $X per ton in 2019, with a decrease of -40.3% against the previous year. Over the period under review, the export price showed a sharp shrinkage. The export price peaked at $X per ton in 2018, and then declined dramatically in the following year.

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

From 2018 to 2019, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Iron Or Steel Parts Of Articulated Link Chain

Imports into Venezuela

In 2021, overseas purchases of iron or steel parts of articulated link chain increased by 2.9% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a precipitous decrease. The most prominent rate of growth was recorded in 2015 with an increase of 247% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal link chain parts imports soared to $X in 2021. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of 156%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons), the UK (X tons) and Canada (X tons) were the main suppliers of metal link chain parts imports to Venezuela, together accounting for 61% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Colombia ($X) appeared to be the largest metal link chain parts suppliers to Venezuela, together comprising 49% of total imports. These countries were followed by the UK, China, Canada and Mexico, which together accounted for a further 16%.

Among the main suppliers, the UK, with a CAGR of +32.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal link chain parts import price amounted to $X per ton, increasing by 28% against the previous year. Over the period under review, the import price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 67% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel parts of articulated link chain in the world?

China constituted the country with the largest volume of metal link chain parts consumption, accounting for 24% of total volume. Moreover, metal link chain parts consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by India, with an 8.3% share.

What are the largest producers of iron or steel parts of articulated link chain in the world?

China remains the largest metal link chain parts producing country worldwide, accounting for 51% of total volume. Moreover, metal link chain parts production in China exceeded the figures recorded by the second-largest producer, India, sevenfold. Germany ranked third in terms of total production with a 4.3% share.

What are the leading suppliers of iron or steel parts of articulated link chain to Venezuela?

In value terms, Germany, Colombia and the United States appeared to be the largest metal link chain parts suppliers to Venezuela, with a combined 86% share of total imports. The UK, Panama and Canada lagged somewhat behind, together comprising a further 8.7%.

What is the average export price for iron or steel parts of articulated link chain in Venezuela?

In 2018, the average metal link chain parts export price amounted to $20,612 per ton, stabilizing at the previous year.

What is the average import price for iron or steel parts of articulated link chain in Venezuela?

The average metal link chain parts import price stood at $4,360 per ton in 2020, declining by -6.9% against the previous year.

This report provides an in-depth analysis of the market for metal link chain parts 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 28153200 - Iron or steel parts of articulated link chain

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