Report Update Nov 1, 2024

Venezuela - Silver in Semi-Manufactured Forms - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Venezuela

The Venezuelan semi-manufactured silver market fell to $X in 2021, waning by -5.1% against the previous year. Over the period under review, consumption, however, recorded a slight expansion. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped in the following year.

Semi-Manufactured Silver Production in Venezuela

In value terms, semi-manufactured silver production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a slight increase. The growth pace was the most rapid in 2017 when the production volume increased by 48%. Over the period under review, production reached the maximum level at $X in 2020, and then dropped in the following year.

Semi-Manufactured Silver Exports

Exports from Venezuela

In 2020, the amount of silver in semi-manufactured forms exported from Venezuela amounted to X kg, flattening at the previous year's figure. Overall, exports continue to indicate a dramatic descent. The smallest decline of -14.3% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports stood at $X in 2020. In general, exports saw a sharp setback. The smallest decline of -23.1% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic (X kg) was the main destination for semi-manufactured silver exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to the Dominican Republic was relatively modest.

From 2013 to 2020, the average annual growth rate of value to the Dominican Republic was relatively modest.

Export Prices by Country

In 2020, the average semi-manufactured silver export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when the average export price decreased by -8.9%. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

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

From 2013 to 2020, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Semi-Manufactured Silver Imports

Imports into Venezuela

In 2021, the amount of silver in semi-manufactured forms imported into Venezuela fell significantly to X kg, shrinking by -48.5% against 2020. Over the period under review, imports saw a dramatic decrease. The growth pace was the most rapid in 2017 when imports increased by 137%. Imports peaked at X kg in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, semi-manufactured silver imports reduced notably to $X in 2021. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2017 with an increase of 446% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X kg) constituted the largest supplier of semi-manufactured silver to Venezuela, with a 46% share of total imports. Moreover, semi-manufactured silver imports from France exceeded the figures recorded by the second-largest supplier, Brazil (X kg), threefold. Chile (X kg) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France totaled -17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-15.0% per year) and Chile (-10.3% per year).

In value terms, the largest semi-manufactured silver suppliers to Venezuela were Chile ($X), the United States ($X) and Colombia ($X), with a combined 93% share of total imports.

Among the main suppliers, Chile, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average semi-manufactured silver import price stood at $X per kg in 2021, rising by 41% against the previous year. Overall, the import price recorded a measured increase. The most prominent rate of growth was recorded in 2017 an increase of 128% against the previous year. The import price peaked at $X per kg in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per kg), while the price for Panama ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+25.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for silver in semi-manufactured forms in the world?

The country with the largest volume of semi-manufactured silver consumption was India, comprising approx. 29% of total volume. Moreover, semi-manufactured silver consumption in India exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Japan, with a 5.2% share.

What are the largest producers of silver in semi-manufactured forms in the world?

The countries with the highest volumes of in 2021 were Japan, Germany and the United States, with a combined 38% share of global production. India, Italy, the UK, South Korea, Pakistan, Nigeria, Russia, Brazil, Indonesia and Australia lagged somewhat behind, together accounting for a further 34%.

What are the leading suppliers of silver in semi-manufactured forms to Venezuela?

In value terms, Chile, Italy and the United States were the largest semi-manufactured silver suppliers to Venezuela, together comprising 95% of total imports.

What is the average import price for silver in semi-manufactured forms in Venezuela?

In 2021, the average semi-manufactured silver import price amounted to $728,919 per ton, reducing by -11.8% against the previous year.

This report provides an in-depth analysis of the semi-manufactured silver 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 24411050 - Silver, in semi-manufactured forms (including plated with gold or platinum) (excluding unwrought or in powder form)

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