Price for Copper Alloy Tube or Pipe Fitting in Guatemala - 2023

Contents:

1. Price for Copper Alloy Tube or Pipe Fitting in Guatemala (CIF) - 2023
2. Price for Copper Alloy Tube or Pipe Fitting in Guatemala (FOB) - 2022
3. Imports of Copper Alloy Tube or Pipe Fitting in Guatemala
4. Exports of Copper Alloy Tube or Pipe Fitting in Guatemala

Price for Copper Alloy Tube or Pipe Fitting in Guatemala (CIF) - 2023

In December 2023, the average import price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $12,655 per ton, which is down by -27.7% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 101% m-o-m. Over the period under review, average import prices reached the maximum at $17,513 per ton in November 2023, and then contracted sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($50,287 per ton), while the price for Peru ($8,071 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Alloy Tube or Pipe Fitting in Guatemala (FOB) - 2022

In 2022, the average export price for tube or pipe fittings, couplings, elbows, sleeves of copper alloys amounted to $9,378 per ton, with an increase of 3.1% against the previous year. Overall, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 43% against the previous year. The export price peaked at $11,794 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Nicaragua ($25,150 per ton), while the average price for exports to Costa Rica ($5,073 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 Nicaragua (+11.9%), while the prices for the other major destinations experienced a decline.

Imports of Copper Alloy Tube or Pipe Fitting in Guatemala

In 2022, approx. 242 tons of tube or pipe fittings, couplings, elbows, sleeves of copper alloys were imported into Guatemala; surging by 4.6% compared with 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% 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 +69.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys expanded notably to $2.8M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +65.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Copper Alloy Tube or Pipe Fitting to Guatemala in 2022:

1. China (129.6 tons)
2. United States (68.5 tons)
3. Mexico (20.7 tons)
4. Taiwan (Chinese) (4.7 tons)
5. India (4.5 tons)

Exports of Copper Alloy Tube or Pipe Fitting in Guatemala

In 2022, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys from Guatemala skyrocketed to 21 tons, increasing by 512% against the previous year's figure. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of tube or pipe fittings, couplings, elbows, sleeves of copper alloys surged to $201K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Copper Alloy Tube or Pipe Fitting from Guatemala in 2022:

1. Honduras (10.2 tons)
2. United States (4.1 tons)
3. Costa Rica (2.8 tons)
4. Ecuador (1.9 tons)
5. El Salvador (0.9 tons)
6. Mexico (0.6 tons)
7. Nicaragua (0.3 tons)
8. Belize (0.1 tons)

Source: IndexBox Market Intelligence Platform