Price for Copper; Waste and Scrap in Guatemala - 2023

Contents:

1. Price for Copper; Waste and Scrap in Guatemala (FOB) - 2022
2. Price for Copper; Waste and Scrap in Guatemala (CIF) - 2022
3. Exports of Copper; Waste and Scrap in Guatemala
4. Imports of Copper; Waste and Scrap in Guatemala

Price for Copper; Waste and Scrap in Guatemala (FOB) - 2022

The average copper; waste and scrap export price stood at $2,432 per ton in 2022, growing by 12% against the previous year. Overall, the export price continues to indicate a resilient increase. The pace of growth was the most pronounced in 2017 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $3,273 per ton in 2018; however, from 2019 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 Mexico ($8,929 per ton), while the average price for exports to Belgium ($379 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 Mexico (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Copper; Waste and Scrap in Guatemala (CIF) - 2022

The average copper; waste and scrap import price stood at $8,050 per ton in 2022, remaining stable against the previous year. In general, the import price, however, showed a slight expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 81%. The import price peaked at $8,514 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Costa Rica ($8,083 per ton), while the price for the United States stood at $5,597 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+7.7%).

Exports of Copper; Waste and Scrap in Guatemala

In 2022, overseas shipments of copper; waste and scraps decreased by -14.1% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 3.3K tons, and then reduced in the following year.

In value terms, copper; waste and scrap exports reduced modestly to $7M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 48%. As a result, the exports attained the peak of $7.2M, and then dropped slightly in the following year.

Top Export Markets for Copper; Waste and Scrap from Guatemala in 2022:

1. China (1033.3 tons)
2. South Korea (678.0 tons)
3. Taiwan (Chinese) (307.7 tons)
4. Germany (290.4 tons)
5. Belgium (166.6 tons)
6. Ecuador (110.2 tons)
7. Brazil (99.5 tons)
8. Netherlands (44.2 tons)
9. Hong Kong SAR (29.4 tons)

Imports of Copper; Waste and Scrap in Guatemala

In 2022, after three years of growth, there was significant decline in overseas purchases of copper; waste and scraps, when their volume decreased by -77.6% to 56 tons. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 10,152% against the previous year.

In value terms, copper; waste and scrap imports dropped notably to $450K in 2022. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 9,722% against the previous year.

Top Suppliers of Copper; Waste and Scrap to Guatemala in 2022:

1. Costa Rica (55.1 tons)

Source: IndexBox Market Intelligence Platform