Venezuela: Mill Rolling Roll Market 2025

Mill Rolling Roll Market Size in Venezuela

The Venezuelan mill rolling roll market fell remarkably to $X in 2022, declining by -30.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a dramatic descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Mill Rolling Roll Exports

Exports from Venezuela

In 2018, shipments abroad of rolls for rolling mills decreased by 0% to less than X units for the first time since 2014, thus ending a three-year declining trend. In general, exports faced a precipitous decline. The smallest decline of -25% was in 2015. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2018, the exports remained at a lower figure.

In value terms, mill rolling roll exports stood at $X in 2018. Over the period under review, exports recorded a dramatic decrease. The smallest decline of -13.6% was in 2015. The exports peaked at $X in 2014; however, from 2015 to 2018, the exports remained at a lower figure.

Exports by Country

Ecuador (X units) was the main destination for mill rolling roll exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2014 to 2015, the average annual rate of growth in terms of volume to Ecuador totaled -25.0%.

In value terms, Ecuador ($X) also remains the key foreign market for rolls for rolling mills exports from Venezuela.

From 2014 to 2015, the average annual growth rate of value to Ecuador stood at -13.6%.

Export Prices by Country

In 2015, the average mill rolling roll export price amounted to $X per unit, rising by 15% against the previous year. Over the last one-year period, it increased at an average annual rate of +15.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2015, the rate of growth in terms of prices for Ecuador amounted to +15.3% per year.

Mill Rolling Roll Imports

Imports into Venezuela

Mill rolling roll imports into Venezuela fell significantly to X units in 2022, reducing by -29.2% against the previous year's figure. Overall, imports showed a sharp setback. The most prominent rate of growth was recorded in 2013 when imports increased by 216% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, mill rolling roll imports reduced rapidly to $X in 2022. Over the period under review, imports faced a significant decrease. The growth pace was the most rapid in 2021 when imports increased by 418%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Belgium (X units), Sweden (X units) and France (X units) were the main suppliers of mill rolling roll imports to Venezuela, with a combined 53% share of total imports. Argentina, Japan, China, Colombia, Brazil, Austria, Germany, the United States, Canada and South Korea lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Sweden ($X) and France ($X) constituted the largest mill rolling roll suppliers to Venezuela, together accounting for 89% of total imports.

Among the main suppliers, Sweden, with a CAGR of -23.3%, recorded 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

The average mill rolling roll import price stood at $X per unit in 2022, with a decrease of -15.8% against the previous year. Overall, the import price faced a abrupt contraction. The growth pace was the most rapid in 2021 when the average import price increased by 137% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-9.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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