Report Update Nov 1, 2024

Venezuela - Sanitary Ware and Parts of Copper - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Copper Sanitary Ware Market 2024

Copper Sanitary Ware Market Size in Venezuela

In 2021, the Venezuelan copper sanitary ware market increased by 96% to $X, rising for the third year in a row after three years of decline. Overall, consumption, however, continues to indicate a sharp decline. Copper sanitary ware consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Copper Sanitary Ware Exports

Exports from Venezuela

In 2021, copper sanitary ware exports from Venezuela surged to X kg, increasing by 1,393% compared with 2020 figures. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper sanitary ware exports skyrocketed to $X in 2021. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 2,258%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Colombia (X kg) and Nicaragua (X kg) were the main destinations of copper sanitary ware exports from Venezuela.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +8.2%).

In value terms, the largest markets for copper sanitary ware exported from Venezuela were Colombia ($X) and Nicaragua ($X).

Among the main countries of destination, Colombia, with a CAGR of +3.6%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average copper sanitary ware export price amounted to $X per ton, surging by 18% against the previous year. Overall, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 142%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was Nicaragua ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+352.9%), while the prices for the other major destinations experienced mixed trend patterns.

Copper Sanitary Ware Imports

Imports into Venezuela

In 2021, supplies from abroad of sanitary ware and parts of copper increased by 141% to X tons, rising for the third year in a row after six years of decline. Over the period under review, imports, however, recorded a sharp contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, copper sanitary ware imports skyrocketed to $X in 2021. In general, imports, however, faced a sharp setback. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest copper sanitary ware supplier to Venezuela, accounting for a 83% share of total imports. Moreover, copper sanitary ware imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), tenfold. The third position in this ranking was taken by Colombia (X kg), with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.1% per year) and Colombia (-17.5% per year).

In value terms, China ($X) constituted the largest supplier of sanitary ware and parts of copper to Venezuela, comprising 63% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Panama, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.0% per year) and Panama (+44.7% per year).

Import Prices by Country

The average copper sanitary ware import price stood at $X per ton in 2021, waning by -30.2% against the previous year. Over the period under review, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 60% 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 failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+13.6%), 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 sanitary ware and parts of copper in the world?

The country with the largest volume of copper sanitary ware consumption was China, comprising approx. 26% of total volume. Moreover, copper sanitary ware consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 7.5% share.

What are the largest producers of sanitary ware and parts of copper in the world?

China constituted the country with the largest volume of copper sanitary ware production, accounting for 46% of total volume. Moreover, copper sanitary ware production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by Taiwan Chinese), with an 8.6% share.

What are the leading suppliers of sanitary ware and parts of copper to Venezuela?

In value terms, China constituted the largest supplier of copper sanitary ware to Venezuela, comprising 35% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports. It was followed by Taiwan Chinese), with a 14% share.

What are the leading importers of sanitary ware and parts of copper from Venezuela?

In value terms, Colombia $917) remains the key foreign market for copper sanitary ware exports from Venezuela.

What is the average export price for sanitary ware and parts of copper in Venezuela?

In 2020, the average copper sanitary ware export price amounted to $3,983 per ton, which is down by -52.8% against the previous year.

What is the average import price for sanitary ware and parts of copper in Venezuela?

The average copper sanitary ware import price stood at $23,269 per ton in 2020, surging by 7.2% against the previous year.

This report provides an in-depth analysis of the copper sanitary ware 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 25991135 - Sanitary ware and parts thereof of copper

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