Price for Ferrous Waste and Scrap; of Stainless Steel in Guatemala - 2023

Price for Ferrous Waste and Scrap; of Stainless Steel in Guatemala (FOB) - 2022

The average export price for ferrous waste and scrap; of stainless steels stood at $1,290 per ton in 2022, with a decrease of -3.5% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 an increase of 58%. The export price peaked at $1,337 per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($2,253 per ton), while the average price for exports to Thailand ($536 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 the Netherlands (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Ferrous Waste and Scrap; of Stainless Steel in Guatemala (CIF) - 2022

In 2022, the average import price for ferrous waste and scrap; of stainless steels amounted to $9,408 per ton, which is down by -9.8% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 541%. The import price peaked at $18,857 per ton in 2016; however, from 2017 to 2022, 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 the United States ($9,787 per ton), while the price for Honduras stood at $500 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%).

Exports of Ferrous Waste and Scrap; of Stainless Steel in Guatemala

In 2022, approx. 873 tons of ferrous waste and scrap; of stainless steels were exported from Guatemala; shrinking by -7.3% compared with the previous year's figure. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 140%. As a result, the exports reached the peak of 943 tons, and then dropped in the following year.

In value terms, exports of ferrous waste and scrap; of stainless steels reduced to $1.1M in 2022. In general, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 181%. As a result, the exports attained the peak of $1.3M, and then declined in the following year.

Export of Ferrous Waste and Scrap; of Stainless Steel in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	28.1	26.0	109	301	120.4%
Taiwan (Chinese)	287	97.9	217	289	0.2%
Spain	N/A	N/A	N/A	184	0%
Thailand	66.8	11.7	241	129	24.5%
India	22.7	127	483	117	72.7%
Netherlands	N/A	55.6	205	94.7	30.5%
South Korea	N/A	98.1	N/A	N/A	0%
Others	43.0	31.3	5.7	11.5	-35.6%
Total	447	448	1,260	1,126	36.1%

Top Export Markets for Ferrous Waste and Scrap; of Stainless Steel from Guatemala in 2022:

Thailand (241.2 tons)
Taiwan (Chinese) (223.1 tons)
United States (161.6 tons)
Spain (119.8 tons)
India (82.6 tons)
Netherlands (42.0 tons)

Imports of Ferrous Waste and Scrap; of Stainless Steel in Guatemala

In 2022, approx. 49 kg of ferrous waste and scrap; of stainless steels were imported into Guatemala; growing by 133% on 2021. Over the period under review, imports, however, recorded a dramatic slump.

In value terms, imports of ferrous waste and scrap; of stainless steels surged to $461 in 2022. Overall, imports, however, showed a dramatic downturn.