Price for Zinc; Powders and Flakes in Venezuela - 2022

Contents:

1. Price for Zinc; Powders and Flakes in Venezuela (CIF) - 2022
2. Price for Zinc; Powders and Flakes in Venezuela (FOB) - 2022
3. Imports of Zinc; Powders and Flakes in Venezuela
4. Exports of Zinc; Powders and Flakes in Venezuela

Price for Zinc; Powders and Flakes in Venezuela (CIF) - 2022

In 2022, the average zinc; powders and flakes import price amounted to $601 per ton, with a decrease of -13.8% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2013 an increase of 1.3%. As a result, import price attained the peak level of $2,287 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 -12.4% per year.

Price for Zinc; Powders and Flakes in Venezuela (FOB) - 2022

The average zinc; powders and flakes export price stood at $1,131 per ton in 2022, stabilizing at the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, zinc; powders and flakes export price decreased by -3.3% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57%. As a result, the export price attained the peak level of $1,351 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($1,269 per ton), while the average price for exports to Colombia amounted to $1,023 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+5.0%).

Imports of Zinc; Powders and Flakes in Venezuela

In 2022, zinc; powders and flakes imports into Venezuela fell to 140 tons, remaining stable against 2021. Overall, imports continue to indicate a relatively flat trend pattern. The smallest decline of -0.8% was in 2020.

In value terms, zinc; powders and flakes imports declined to $84K in 2022. In general, imports saw a abrupt curtailment. The smallest decline of -14.4% was in 2020.

Top Suppliers of Zinc; Powders and Flakes to Venezuela in 2022:

1. United States (139.8 tons)

Exports of Zinc; Powders and Flakes in Venezuela

For the fourth consecutive year, Venezuela recorded growth in shipments abroad of zinc; powders and flakeses, which increased by 14% to 67 tons in 2022. The total export volume increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, zinc; powders and flakes exports expanded notably to $76K in 2022. The total export value increased at an average annual rate of +12.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 13% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Zinc; Powders and Flakes from Venezuela in 2022:

1. Colombia (37.6 tons)
2. Peru (29.3 tons)

Source: IndexBox Market Intelligence Platform