Price for Metals; Silver, Unwrought, (But Not Powder) in Venezuela - 2022
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in Venezuela (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in Venezuela (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in Venezuela
- Imports of Metals; Silver, Unwrought, (But Not Powder) in Venezuela
Price for Metals; Silver, Unwrought, (But Not Powder) in Venezuela (FOB) - 2022
In 2022, the average export price for metals; silver, unwrought, (but not powder) amounted to $665,235 per ton, surging by 2.5% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for metals; silver, unwrought, (but not powder) increased by +18.3% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 79%. The export price peaked at $928,167 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, 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 +5.2% per year.
Price for Metals; Silver, Unwrought, (But Not Powder) in Venezuela (CIF) - 2022
The average import price for metals; silver, unwrought, (but not powder) stood at $688,917 per ton in 2022, declining by -6.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2013 when the average import price increased by 25% against the previous year. The import price peaked at $1,009,100 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Panama ($713,200 per ton), while the price for the United States amounted to $567,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.8%).
Exports of Metals; Silver, Unwrought, (But Not Powder) in Venezuela
Exports of metals; silver, unwrought, (but not powder) from Venezuela skyrocketed to 319 kg in 2022, increasing by 27% compared with the year before. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of metals; silver, unwrought, (but not powder) soared to $212K in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 30%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Metals; Silver, Unwrought, (But Not Powder) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 95.9 | 125 | 163 | 212 | 30.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 95.9 | 125 | 163 | 212 | 30.3% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from Venezuela in 2022:
- United States (319.0 kg)
Imports of Metals; Silver, Unwrought, (But Not Powder) in Venezuela
In 2022, approx. 12 kg of metals; silver, unwrought, (but not powder) were imported into Venezuela; declining by -14.3% on 2021. In general, imports recorded a deep contraction. The smallest decline of -6.7% was in 2021.
In value terms, imports of metals; silver, unwrought, (but not powder) fell remarkably to $8.3K in 2022. Overall, imports showed a dramatic contraction.
| Import of Metals; Silver, Unwrought, (But Not Powder) in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Panama | 7.8 | 9.6 | 8.4 | 7.1 | -3.1% |
| United States | 8.4 | 3.3 | 2.0 | 1.1 | -49.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.1 | 12.9 | 10.3 | 8.3 | -19.8% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to Venezuela in 2022:
- Panama (10.0 kg)
- United States (2.0 kg)
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