Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala - 2023

Contents:

1. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala (CIF) - 2022
2. Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala (FOB) - 2022
3. Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala
4. Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala (CIF) - 2022

The average import price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses stood at $6,557 per ton in 2022, with a decrease of -24.3% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the average import price increased by 127%. As a result, import price reached the peak level of $25,901 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($9,783 per ton), while the price for the United States amounted to $4,726 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.7%).

Price for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala (FOB) - 2022

In 2022, the average export price for copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses amounted to $34,000 per ton, jumping by 57% against the previous year. Overall, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 84%. The export price peaked in 2022 and is expected to retain growth in the near future.

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 Panama ($73,000 per ton), while the average price for exports to El Salvador stood at $31,310 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+6.5%).

Imports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala

In 2022, purchases abroad of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses decreased by -16.5% to 2.7 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 2,198%. As a result, imports reached the peak of 3.3 tons, and then reduced sharply in the following year.

In value terms, imports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses shrank notably to $18K in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,585% against the previous year.

Top Suppliers of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils to Guatemala in 2022:

1. United States (1816.0 kg)
2. Mexico (885.0 kg)

Exports of Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils in Guatemala

In 2022, the amount of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses exported from Guatemala contracted remarkably to 31 kg, waning by -89.6% compared with the year before. In general, exports faced a precipitous contraction. The smallest decline of -21.4% was in 2020.

In value terms, exports of copper; strip, of a thickness exceeding 0.15mm, of refined copper, in coilses declined sharply to $1.1K in 2022. Over the period under review, exports recorded a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 31%. As a result, the exports attained the peak of $6.4K, and then declined significantly in the following year.

Top Export Markets for Copper; Strip, of A Thickness Exceeding 0.15mm, of Refined Copper, in Coils from Guatemala in 2022:

1. El Salvador (29.0 kg)
2. Panama (2.0 kg)

Source: IndexBox Market Intelligence Platform