Price for Iron Oxides and Hydroxides in Guatemala - 2023
Contents:
- Price for Iron Oxides and Hydroxides in Guatemala (CIF) - 2022
- Price for Iron Oxides and Hydroxides in Guatemala (FOB) - 2022
- Imports of Iron Oxides and Hydroxides in Guatemala
- Exports of Iron Oxides and Hydroxides in Guatemala
Price for Iron Oxides and Hydroxides in Guatemala (CIF) - 2022
The average iron oxides and hydroxides import price stood at $2,490 per ton in 2022, rising by 36% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Costa Rica ($4,145 per ton), while the price for Belgium ($1,600 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron Oxides and Hydroxides in Guatemala (FOB) - 2022
The average iron oxides and hydroxides export price stood at $3,342 per ton in 2022, jumping by 25% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 40%. Over the period under review, the average export prices hit record highs at $3,372 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 export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($3,686 per ton), while the average price for exports to Nicaragua ($2,031 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 Honduras (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron Oxides and Hydroxides in Guatemala
In 2022, the amount of iron oxides and hydroxideses imported into Guatemala reduced dramatically to 1.2K tons, with a decrease of -22.5% against the previous year's figure. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 1.5K tons, and then shrank remarkably in the following year.
In value terms, iron oxides and hydroxides imports reached $3M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Iron Oxides and Hydroxides in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 99.2 | 150 | 775 | 1,243 | 132.3% |
| Brazil | 388 | 353 | 671 | 727 | 23.3% |
| China | 391 | 149 | 378 | 611 | 16.0% |
| Colombia | 127 | 148 | 221 | 116 | -3.0% |
| United States | 29.7 | 80.7 | 75.4 | 86.2 | 42.6% |
| Mexico | 66.9 | 79.9 | 73.5 | 27.0 | -26.1% |
| Belgium | 732 | 650 | 261 | 7.0 | -78.8% |
| Others | 137 | 155 | 345 | 140 | 0.7% |
| Total | 1,970 | 1,767 | 2,799 | 2,958 | 14.5% |
Top Suppliers of Iron Oxides and Hydroxides to Guatemala in 2022:
- Germany (500.7 tons)
- China (312.7 tons)
- Brazil (269.8 tons)
- Colombia (37.4 tons)
- United States (22.8 tons)
- Mexico (10.3 tons)
- Belgium (4.3 tons)
Exports of Iron Oxides and Hydroxides in Guatemala
In 2022, exports of iron oxides and hydroxideses from Guatemala fell rapidly to 187 tons, reducing by -24.1% on the year before. Over the period under review, exports recorded a dramatic slump. The pace of growth appeared the most rapid in 2021 with an increase of 91% against the previous year.
In value terms, iron oxides and hydroxides exports shrank to $626K in 2022. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 103%.
| Export of Iron Oxides and Hydroxides in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 576 | 257 | 594 | 477 | -6.1% |
| Dominican Republic | N/A | N/A | N/A | 64.4 | 0% |
| Costa Rica | 19.3 | N/A | N/A | 62.4 | 47.9% |
| Honduras | 53.4 | 61.9 | 41.8 | 13.4 | -36.9% |
| Nicaragua | 15.6 | 3.1 | 24.1 | 8.2 | -19.3% |
| Others | 4.5 | 4.3 | 0.9 | N/A | -55.3% |
| Total | 669 | 326 | 660 | 626 | -2.2% |
Top Export Markets for Iron Oxides and Hydroxides from Guatemala in 2022:
- El Salvador (129.5 tons)
- Costa Rica (25.6 tons)
- Dominican Republic (23.2 tons)
- Honduras (4.8 tons)
- Nicaragua (4.0 tons)
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