Price for Double or Complex Silicates in Guatemala - 2023

Contents:

1. Price for Double or Complex Silicates in Guatemala (CIF) - 2022
2. Price for Double or Complex Silicates in Guatemala (FOB) - 2022
3. Imports of Double or Complex Silicates in Guatemala
4. Exports of Double or Complex Silicates in Guatemala

Price for Double or Complex Silicates in Guatemala (CIF) - 2022

The average double or complex silicates import price stood at $1,010 per ton in 2022, growing by 3.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18% against the previous year. The import price peaked at $1,216 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,098 per ton), while the price for China ($553 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Double or Complex Silicates in Guatemala (FOB) - 2022

The average double or complex silicates export price stood at $1,287 per ton in 2022, with a decrease of -38.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs at $2,794 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($2,493 per ton), while the average price for exports to Honduras ($936 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 (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double or Complex Silicates in Guatemala

In 2022, approx. 540 tons of double or complex silicates were imported into Guatemala; with an increase of 32% against the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.4% 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 -6.9% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. As a result, imports reached the peak of 580 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, double or complex silicates imports skyrocketed to $545K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 62% against the previous year. As a result, imports attained the peak of $598K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Double or Complex Silicates to Guatemala in 2022:

1. United States (389.4 tons)
2. China (111.1 tons)
3. Mexico (36.3 tons)

Exports of Double or Complex Silicates in Guatemala

After three years of growth, shipments abroad of double or complex silicates decreased by -29.1% to 28 tons in 2022. Over the period under review, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +4.9% 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 +15.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of 40 tons, and then declined notably in the following year.

In value terms, double or complex silicates exports fell markedly to $37K in 2022. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, the exports attained the peak of $83K, and then dropped dramatically in the following year.

Top Export Markets for Double or Complex Silicates from Guatemala in 2022:

1. Honduras (19.5 tons)
2. Costa Rica (8.0 tons)
3. El Salvador (0.9 tons)

Source: IndexBox Market Intelligence Platform