Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala - 2023

Contents:

1. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala (FOB) - 2023
2. Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala (CIF) - 2022
3. Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala
4. Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala (FOB) - 2023

The average export price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $4,034 per ton in December 2023, picking up by 8% against the previous month. In general, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 8.4% against the previous month. Over the period under review, the average export prices attained the maximum at $5,371 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was El Salvador ($6,413 per ton), while the average price for exports to Nicaragua ($2,395 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+1.3%), while the prices for the other major destinations experienced a decline.

Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala (CIF) - 2022

In 2022, the average import price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $3,903 per ton, surging by 37% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 47%. The import price peaked at $4,874 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 China ($9,569 per ton), while the price for Honduras ($1,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala

In 2022, the amount of footwear; parts, outer soles and heels, of rubber or plasticses exported from Guatemala contracted to 998 tons, remaining constant against the year before. Over the period under review, exports saw a mild decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year.

In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses rose remarkably to $4.8M in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Guatemala in 2022:

1. El Salvador (362.8 tons)
2. Nicaragua (304.0 tons)
3. Honduras (161.6 tons)
4. Costa Rica (126.7 tons)
5. Panama (34.0 tons)

Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Guatemala

Imports of footwear; parts, outer soles and heels, of rubber or plasticses into Guatemala declined significantly to 312 tons in 2022, waning by -26% on the previous year's figure. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 9.9% against the previous year.

In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses totaled $1.2M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.0% 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 +63.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Guatemala in 2022:

1. Honduras (172.5 tons)
2. El Salvador (64.8 tons)
3. Mexico (51.9 tons)
4. China (18.7 tons)

Source: IndexBox Market Intelligence Platform