Price for Chain and Parts Thereof, of Iron or Steel in Guatemala - 2024

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Guatemala (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Guatemala (FOB) - 2022
3. Imports of Chain and Parts Thereof, of Iron or Steel in Guatemala
4. Exports of Chain and Parts Thereof, of Iron or Steel in Guatemala

Price for Chain and Parts Thereof, of Iron or Steel in Guatemala (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $5,664 per ton, with an increase of 33% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $6,565 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,394 per ton), while the price for China ($3,576 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Guatemala (FOB) - 2022

The average export price for chain and parts thereof, of iron or steel stood at $7,008 per ton in 2022, increasing by 68% against the previous year. Overall, the export price, however, showed a slight shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices attained the peak figure at $8,354 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($14,111 per ton), while the average price for exports to Nicaragua ($4,446 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 Mexico (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Guatemala

Imports of chain and parts thereof, of iron or steel into Guatemala reduced dramatically to 1.9K tons in 2022, with a decrease of -23.9% compared with 2021. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +10.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45%. As a result, imports attained the peak of 2.5K tons, and then fell notably in the following year.

In value terms, imports of chain and parts thereof, of iron or steel declined modestly to $11M in 2022. The total import value increased at an average annual rate of +8.8% 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 2021 with an increase of 37% against the previous year. As a result, imports attained the peak of $11M, leveling off in the following year.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Guatemala in 2022:

1. China (1300.9 tons)
2. Brazil (161.6 tons)
3. United States (109.5 tons)
4. Malaysia (55.9 tons)
5. India (54.6 tons)
6. Germany (32.1 tons)
7. United Kingdom (31.4 tons)
8. Mexico (18.3 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Guatemala

In 2022, shipments abroad of chain and parts thereof, of iron or steel decreased by -14.9% to 48 tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 87 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of chain and parts thereof, of iron or steel expanded markedly to $322K in 2022. In general, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 60% against the previous year. As a result, the exports reached the peak of $404K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Guatemala in 2022:

1. Honduras (17.6 tons)
2. Belize (8.6 tons)
3. Nicaragua (7.4 tons)
4. El Salvador (6.0 tons)
5. Costa Rica (5.8 tons)
6. Jamaica (1.0 tons)
7. Panama (0.4 tons)

Source: IndexBox Market Intelligence Platform