The Venezuelan aluminum industry, though smaller in size than its iron and steel industry, has been making significant progress in recent years. However, the Venezuelan industry has been in decline in terms of value and volume in the last 2-3 years. In 2013, the industry had revenues of over USD 310 million and the coming years is expected to bring moderate to stable growth for the industry. At the end of 2018, the Venezuelan aluminum industry is expected to be worth nearly USD 195 million.
Constant labor shortages and financial limitations are making it difficult for industry players to acquire raw materials and state-run aluminum smelter Venalum has been witnessing production drop by 14% in last year to reach 109,536 tons. Due to its deteriorating financial situation, Venalum has announced that it will no longer be able to meet the purity standards.
Taiyou Research analyzes the aluminum industry in Venezuela in its research report Aluminum Industry in Venezuela 2015. The report covers the following:
An analysis of the global mining and aluminum industry through the parameters of industry profile, market volume and value analysis, industry segmentation and an industry outlook till 2018.
An analysis of the South American aluminum industry through industry statistics, volume and value analysis of the market, region-wise segmentation and an industry analysis.
Analysis of the Venezuelan aluminum industry through industry statistics, value and volume analysis, an industry forecast and regional market share. The industry is analyzed through the framework of Porter's Five Forces analysis.
Corporación Venezolana de Guayana is the sole industry player that has been analyzed in the report.