Venezuela: Iron Household Articles Market 2025

Iron Household Articles Market Size in Venezuela

In 2021, the Venezuelan iron household articles market increased by 73% to $X, rising for the third consecutive year after six years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Iron household articles consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron Household Articles Exports

Exports from Venezuela

Iron household articles exports from Venezuela shrank notably to X tons in 2021, reducing by -33.7% against 2020 figures. In general, exports recorded a noticeable slump. The growth pace was the most rapid in 2017 with an increase of 300%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, iron household articles exports reduced dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 306%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for iron household articles exports from Venezuela, with a 59% share of total exports. Moreover, iron household articles exports to Nigeria exceeded the volume sent to the second major destination, Trinidad and Tobago (X kg), fourfold. The third position in this ranking was held by Spain (X kg), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria amounted to +51.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Trinidad and Tobago (+80.1% per year) and Spain (-16.2% per year).

In value terms, the largest markets for iron household articles exported from Venezuela were Spain ($X), Nigeria ($X) and Trinidad and Tobago ($X), with a combined 42% share of total exports.

Trinidad and Tobago, with a CAGR of +35.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average iron household articles export price amounted to $X per ton, surging by 4.5% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 67%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Trinidad and Tobago ($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 Spain (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into Venezuela

In 2021, overseas purchases of table, kitchen or household articles and parts of iron increased by 24% to X tons, rising for the third consecutive year after six years of decline. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 223%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, iron household articles imports skyrocketed to $X in 2021. Overall, imports, however, showed a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 215% against the previous year. 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

In 2021, China (X tons) was the main supplier of iron household articles to Venezuela, with a approx. 96% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.9%.

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles and parts of iron to Venezuela.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.8%.

Import Prices by Country

The average iron household articles import price stood at $X per ton in 2021, increasing by 75% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.6% per year.

Source: IndexBox Platform

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