Gold Compounds Price in Venezuela - 2022
Contents:
Gold Compounds Price in Venezuela (CIF) - 2022
The average gold compounds import price stood at $20,752,455 per ton in 2022, declining by -8.3% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, gold compounds import price increased by +86.2% against 2015 indices. The growth pace was the most rapid in 2017 when the average import price increased by 20%. The import price peaked at $22,639,000 per ton in 2021, and then declined in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.9% per year.
Gold Compounds Imports in Venezuela
In 2022, approx. 11 kg of gold compoundses were imported into Venezuela; therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 10% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, gold compounds imports dropped to $228K in 2022. The total import value increased at an average annual rate of +9.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year.
| Import of Gold Compounds in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 173 | 208 | 249 | 228 | 9.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 173 | 208 | 249 | 228 | 9.6% |
Top Suppliers of Gold Compounds to Venezuela in 2022:
- United States (11.0 kg)
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