Guatemala - Base Metal Cored Wire For Electric Arc-Welding - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCored Arc-Welding Wire Price in Guatemala - 2023
Contents:
- Cored Arc-Welding Wire Price in Guatemala (CIF) - 2023
- Cored Arc-Welding Wire Price in Guatemala (FOB) - 2022
- Cored Arc-Welding Wire Imports in Guatemala
- Cored Arc-Welding Wire Exports in Guatemala
Cored Arc-Welding Wire Price in Guatemala (CIF) - 2023
The average cored arc-welding wire import price stood at $5,481 per ton in October 2023, jumping by 23% against the previous month. Overall, the import price, however, recorded a noticeable setback. The most prominent rate of growth was recorded in June 2023 an increase of 261% month-to-month. As a result, import price reached the peak level of $10,998 per ton. From July 2023 to October 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($9,270 per ton), while the price for Germany ($1,408 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 Colombia (0.0%), while the prices for the other major suppliers experienced a decline.
Cored Arc-Welding Wire Price in Guatemala (FOB) - 2022
In 2022, the average cored arc-welding wire export price amounted to $20,292 per ton, with an increase of 50% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cored arc-welding wire export price increased by +57.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($47,541 per ton), while the average price for exports to Costa Rica ($9,258 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 (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.
Cored Arc-Welding Wire Imports in Guatemala
In 2022, the amount of cored arc-welding wire imported into Guatemala soared to 508 tons, rising by 78% compared with the previous year's figure. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cored arc-welding wire imports skyrocketed to $2.4M in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Cored Arc-Welding Wire in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 850 | 712 | 1,047 | 1,269 | 14.3% |
China | 8.0 | 30.9 | 103 | 500 | 296.9% |
Mexico | 58.6 | 50.1 | 131 | 238 | 59.5% |
India | 10.2 | N/A | 11.7 | 143 | 141.1% |
Brazil | 4.2 | 68.8 | 5.1 | 124 | 209.1% |
Vietnam | 23.0 | N/A | 31.6 | 12.4 | -18.6% |
South Korea | 18.0 | 40.4 | 12.9 | 3.7 | -41.0% |
Taiwan (Chinese) | 81.2 | 51.7 | 106 | N/A | 14.3% |
Others | 32.1 | 23.2 | 42.5 | 76.9 | 33.8% |
Total | 1,085 | 977 | 1,490 | 2,367 | 29.7% |
Top Suppliers of Cored Arc-Welding Wire to Guatemala in 2022:
- China (158.1 tons)
- United States (136.6 tons)
- India (109.3 tons)
- Mexico (77.2 tons)
- Brazil (14.6 tons)
- Vietnam (6.0 tons)
- South Korea (1.2 tons)
Cored Arc-Welding Wire Exports in Guatemala
After three years of growth, shipments abroad of cored arc-welding wire decreased by -56.6% to 22 tons in 2022. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of 51 tons, and then shrank dramatically in the following year.
In value terms, cored arc-welding wire exports dropped dramatically to $446K in 2022. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $687K, and then dropped sharply in the following year.
Export of Cored Arc-Welding Wire in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
El Salvador | 409 | 290 | 210 | 171 | -25.2% |
Nicaragua | 48.8 | 195 | 292 | 162 | 49.2% |
Honduras | 153 | 29.1 | 81.1 | 79.7 | -19.5% |
Costa Rica | 3.0 | 20.4 | 31.3 | 31.7 | 119.4% |
Mexico | N/A | N/A | 47.8 | N/A | 0% |
Others | N/A | 6.2 | 25.1 | 1.0 | -59.8% |
Total | 614 | 540 | 687 | 446 | -10.1% |
Top Export Markets for Cored Arc-Welding Wire from Guatemala in 2022:
- Nicaragua (10.0 tons)
- El Salvador (6.8 tons)
- Costa Rica (3.4 tons)
- Honduras (1.7 tons)
This report provides an in-depth analysis of the cored arc-welding wire market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931530 - Base metal cored wire for electric arc-welding (excluding wire and rods of cored solder, the solder consisting of an alloy containing 2 % or more by weight, of any one precious metal)
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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