Venezuela: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Venezuela

For the fifth consecutive year, the Venezuelan graphite non-electrical articles market recorded decline in sales value, which decreased by -23.2% to $X in 2021. Overall, consumption, however, showed a precipitous slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Graphite Non-Electrical Articles Exports

Exports from Venezuela

In 2021, overseas shipments of non-electrical articles of graphite or other carbon decreased by -54% to X kg, falling for the second consecutive year after five years of growth. Over the period under review, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 98% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, graphite non-electrical articles exports declined remarkably to $X in 2021. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 117% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for graphite non-electrical articles exports from Venezuela, accounting for a 77% share of total exports. Moreover, graphite non-electrical articles exports to the United States exceeded the volume sent to the second major destination, Ecuador (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +39.0%.

In value terms, the United States ($X) remains the key foreign market for graphite non-electrical articles exports from Venezuela, comprising 99% of total exports. The second position in the ranking was held by Colombia ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-33.9% per year) and Ecuador (-34.5% per year).

Export Prices by Country

The average graphite non-electrical articles export price stood at $X per ton in 2021, rising by 7.9% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 65%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Colombia ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+41.2%), while the prices for the other major destinations experienced mixed trend patterns.

Graphite Non-Electrical Articles Imports

Imports into Venezuela

Graphite non-electrical articles imports into Venezuela reduced slightly to X tons in 2021, which is down by -4.7% on the previous year. Over the period under review, imports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 44% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, graphite non-electrical articles imports declined markedly to $X in 2021. Overall, imports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 with an increase of 39%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Peru (X kg) constituted the largest supplier of graphite non-electrical articles to Venezuela, accounting for a 74% share of total imports. Moreover, graphite non-electrical articles imports from Peru exceeded the figures recorded by the second-largest supplier, Argentina (X kg), ninefold. The third position in this ranking was held by Denmark (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Peru stood at -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+45.6% per year) and Denmark (-5.9% per year).

In value terms, France ($X), Argentina ($X) and Peru ($X) appeared to be the largest graphite non-electrical articles suppliers to Venezuela, with a combined 67% share of total imports.

Among the main suppliers, Argentina, with a CAGR of +47.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average graphite non-electrical articles import price amounted to $X per ton, waning by -44.6% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2014 an increase of 35%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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