Report Update Jan 1, 2025

Venezuela - Nickel - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Nickel Market 2022

Nickel Market Size in Venezuela

The Venezuelan nickel market rose slightly to $X in 2021, with an increase of X% against the previous year. Overall, consumption saw a deep reduction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Nickel Production in Venezuela

In value terms, nickel production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Nickel Exports

Exports from Venezuela

In 2021, the amount of nickel exported from Venezuela dropped notably to less than X kg, which is down by -X% compared with 2020 figures. In general, exports, however, showed a significant increase. Over the period under review, the exports attained the maximum at X tons in 2020, and then contracted significantly in the following year.

In value terms, nickel exports contracted significantly to less than $X in 2021. Overall, exports, however, saw significant growth. The exports peaked at $X in 2020, and then declined notably in the following year.

Exports by Country

The UK (X tons) was the main destination for nickel exports from Venezuela, with a approx. X% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to the UK was relatively modest.

From 2012 to 2020, the average annual growth rate of value to the UK was relatively modest.

Export Prices by Country

The average nickel export price stood at $X per ton in 2020, approximately mirroring the previous year. Over the period under review, the export price recorded resilient growth. Over the period under review, the average export prices attained the maximum in 2020 and is likely to see steady growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for the UK amounted to X% per year.

Nickel Imports

Imports into Venezuela

After six years of decline, overseas purchases of nickel increased by X% to X tons in 2021. Over the period under review, imports, however, saw a sharp shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, nickel imports totaled $X in 2021. In general, imports, however, saw a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Panama (X tons) were the main suppliers of nickel imports to Venezuela.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Panama (with a CAGR of +X value terms, the United States ($X) constituted the largest supplier of nickel to Venezuela, comprising X% of total imports. The second position in the ranking was occupied by Panama ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to -X%.

Import Prices by Country

In 2021, the average nickel import price amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Panama stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for nickel in the world?

China constituted the country with the largest volume of nickel consumption, comprising approx. 37% of total volume. Moreover, nickel consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. Japan ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of nickel in the world?

The countries with the highest volumes of in 2021 were China, Indonesia and Russia, with a combined 56% share of global production.

What are the leading suppliers of nickel to Venezuela?

In value terms, the United States constituted the largest supplier of nickel to Venezuela, comprising 94% of total imports. The second position in the ranking was occupied by Panama, with a 4% share of total imports.

What is the average export price for nickel in Venezuela?

The average nickel export price stood at $9,235 per ton in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for nickel in Venezuela?

The average nickel import price stood at $57,387 per ton in 2021, which is down by -5.5% against the previous year.

This report provides an in-depth analysis of the nickel 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 24451100 - Nickel, unwrought
Prodcom 24451110 -
Prodcom 24451120 -

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