Venezuela: Market for Wire Rod Used For Concrete Reinforcing 2022

Market Size for Wire Rod Used For Concrete Reinforcing in Venezuela

The Venezuelan concrete reinforcing wire rod market expanded to $X in 2021, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Concrete reinforcing wire rod consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Wire Rod Used For Concrete Reinforcing in Venezuela

In value terms, concrete reinforcing wire rod production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production showed a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Wire Rod Used For Concrete Reinforcing

Exports from Venezuela

In 2021, overseas shipments of wire rod used for concrete reinforcing decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports showed a dramatic curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing wire rod exports fell slightly to $X in 2021. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons) was the main destination for concrete reinforcing wire rod exports from Venezuela, accounting for a X% share of total exports. Moreover, concrete reinforcing wire rod exports to Guatemala exceeded the volume sent to the second major destination, the United States (X tons), twofold. Colombia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Guatemala totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-X% per year) and Colombia (-X% per year).

In value terms, Guatemala ($X) emerged as the key foreign market for concrete reinforcing wire rod exports from Venezuela, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with an X% share of total exports. It was followed by Colombia, with a X% share.

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

Export Prices by Country

The average concrete reinforcing wire rod export price stood at $X per ton in 2021, rising by X% against the previous year. Overall, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Spain ($X per ton) and Peru ($X per ton), while the average price for exports to the United States ($X per ton) and Guatemala ($X per ton) were amongst the lowest.

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

Imports of Wire Rod Used For Concrete Reinforcing

Imports into Venezuela

In 2021, concrete reinforcing wire rod imports into Venezuela soared to X tons, growing by X% on the previous year's figure. Over the period under review, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, concrete reinforcing wire rod imports rose rapidly to $X in 2021. Overall, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Argentina (X tons) constituted the largest supplier of concrete reinforcing wire rod to Venezuela, accounting for a X% share of total imports. Moreover, concrete reinforcing wire rod imports from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was held by Colombia (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Argentina amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

In value terms, Argentina ($X) constituted the largest supplier of concrete reinforcing wire rod to Venezuela, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Argentina totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Colombia (+X% per year).

Import Prices by Country

In 2021, the average concrete reinforcing wire rod import price amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price saw a slight slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. 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 Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform