Price for Copper; Waste and Scrap in Venezuela - 2022
Contents:
- Price for Copper; Waste and Scrap in Venezuela (FOB) - 2022
- Price for Copper; Waste and Scrap in Venezuela (CIF) - 2022
- Exports of Copper; Waste and Scrap in Venezuela
- Imports of Copper; Waste and Scrap in Venezuela
Price for Copper; Waste and Scrap in Venezuela (FOB) - 2022
In 2022, the average copper; waste and scrap export price amounted to $6,486 per ton, with a decrease of -9.4% against the previous year. In general, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper; waste and scrap export price increased by +37.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 43%. As a result, the export price attained the peak level of $7,160 per ton, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7,488 per ton), while the average price for exports to Hong Kong SAR ($1,876 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Copper; Waste and Scrap in Venezuela (CIF) - 2022
In 2022, the average copper; waste and scrap import price amounted to $9,350 per ton, increasing by 9.8% against the previous year. Over the period under review, the import price saw a slight increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 47%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Aruba ($23,708 per ton), while the price for the United States stood at $8,892 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Aruba (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Copper; Waste and Scrap in Venezuela
Copper; waste and scrap exports from Venezuela skyrocketed to 19K tons in 2022, rising by 38% against the year before. In general, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by 58%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, copper; waste and scrap exports skyrocketed to $126M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 127% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Copper; Waste and Scrap in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.2 | 19.7 | 47.8 | 89.1 | 94.0% |
| Belgium | 13.5 | 17.5 | 26.9 | 12.1 | -3.6% |
| South Korea | 2.2 | 1.1 | 4.2 | 4.5 | 26.9% |
| Brazil | 5.4 | 0.5 | 5.6 | 3.9 | -10.3% |
| Austria | 0.1 | 0.2 | 2.0 | 3.8 | 236.2% |
| Germany | 0.6 | 0.3 | 0.5 | 3.1 | 72.9% |
| United States | 2.3 | 0.5 | 3.7 | 2.2 | -1.5% |
| Hong Kong SAR | 0.8 | 0.2 | 0.7 | 0.7 | -4.4% |
| India | 2.0 | 1.5 | 2.7 | 0.6 | -33.1% |
| Others | 3.9 | 2.8 | 6.3 | 5.8 | 14.1% |
| Total | 43.0 | 44.3 | 100 | 126 | 43.1% |
Top Export Markets for Copper; Waste and Scrap from Venezuela in 2022:
- China (13.4K tons)
- Belgium (1.7K tons)
- South Korea (0.7K tons)
- Brazil (0.6K tons)
- Austria (0.6K tons)
- United States (0.5K tons)
- Germany (0.4K tons)
- Hong Kong SAR (0.4K tons)
- India (0.1K tons)
Imports of Copper; Waste and Scrap in Venezuela
In 2022, the amount of copper; waste and scraps imported into Venezuela fell markedly to 2.1 tons, waning by -63.1% on the year before. Overall, imports saw a dramatic shrinkage.
In value terms, copper; waste and scrap imports dropped sharply to $20K in 2022. Over the period under review, imports saw a dramatic decrease. The smallest decline of -59.5% was in 2021.
| Import of Copper; Waste and Scrap in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 295 | 114 | 47.0 | 18.1 | -60.6% |
| Aruba | 68.5 | 6.3 | 1.5 | 1.5 | -72.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 363 | 120 | 48.6 | 19.7 | -62.1% |
Top Suppliers of Copper; Waste and Scrap to Venezuela in 2022:
- United States (2.0 tons)
- Aruba (0.1 tons)
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