Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela - 2022

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $12,740 per ton in 2022, growing by 9.3% against the previous year. In general, the import price enjoyed a modest increase. The growth pace was the most rapid in 2020 an increase of 104% against the previous year. As a result, import price attained the peak level of $17,383 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($63,043 per ton), while the price for Mexico ($8,374 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela (FOB) - 2022

The average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $1,216 per ton in 2022, falling by -10.5% against the previous year. Over the period under review, the export price faced a deep downturn. The pace of growth was the most pronounced in 2017 a decrease of -0.4% against the previous year. The export price peaked at $9,567 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -18.6% per year.

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela

In 2022, approx. 4 tons of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses were imported into Venezuela; with an increase of 399% on 2021 figures. Over the period under review, imports posted significant growth.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses soared to $51K in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 462% against the previous year. As a result, imports reached the peak of $76K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Venezuela in 2022:

1. United States (2443.0 kg)
2. China (813.0 kg)
3. Mexico (286.0 kg)
4. Finland (273.0 kg)
5. Colombia (161.0 kg)
6. Spain (23.0 kg)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Venezuela

For the third year in a row, Venezuela recorded decline in shipments abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses, which decreased by -10.6% to 12 tons in 2022. In general, exports saw a abrupt downturn. The smallest decline of -10.6% was in 2021.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses reduced rapidly to $14K in 2022. Over the period under review, exports faced a precipitous slump.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Venezuela in 2022:

1. Colombia (11.6 tons)

Source: IndexBox Market Intelligence Platform