Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala (CIF) - 2023
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala (FOB) - 2022
3. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala
4. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala (CIF) - 2023

In October 2023, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $2,043 per ton, with an increase of 25% against the previous month. Over the period under review, the import price saw a mild increase. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 197% against the previous month. As a result, import price attained the peak level of $3,896 per ton. From April 2023 to October 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Mexico ($6,072 per ton), while the price for Turkey ($879 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mexico (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala (FOB) - 2022

The average export price for felt; whether or not impregnated, coated, covered or laminateds stood at $889 per ton in 2022, declining by -2.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 an increase of 6.4%. The export price peaked at $1,213 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($1,162 per ton), while the average price for exports to the Dominican Republic ($668 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 El Salvador (+0.6%), while the prices for the other major destinations experienced a decline.

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala

In 2022, supplies from abroad of felt; whether or not impregnated, coated, covered or laminateds decreased by -4.8% to 1.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.9% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 73%. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds expanded sharply to $2.7M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +54.2% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 20%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Guatemala in 2022:

1. China (856.2 tons)
2. Mexico (414.9 tons)
3. Colombia (41.2 tons)

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Guatemala

In 2022, after three years of growth, there was decline in shipments abroad of felt; whether or not impregnated, coated, covered or laminateds, when their volume decreased by -4.2% to 1.9K tons. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 81% against the previous year. As a result, the exports attained the peak of 2K tons, and then fell modestly in the following year.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds shrank to $1.7M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 74%. As a result, the exports attained the peak of $1.8M, and then shrank in the following year.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Guatemala in 2022:

1. Dominican Republic (693.4 tons)
2. Costa Rica (496.1 tons)
3. Panama (329.4 tons)
4. El Salvador (262.9 tons)
5. Honduras (90.3 tons)

Source: IndexBox Market Intelligence Platform