Price for Inner Tubes, of Rubber in Guatemala - 2023

Contents:

1. Price for Inner Tubes, of Rubber in Guatemala (CIF) - 2023
2. Price for Inner Tubes, of Rubber in Guatemala (FOB) - 2022
3. Imports of Inner Tubes, of Rubber in Guatemala
4. Exports of Inner Tubes, of Rubber in Guatemala

Price for Inner Tubes, of Rubber in Guatemala (CIF) - 2023

In October 2023, the average inner tubes, of rubber import price amounted to $2.7 per unit, declining by -51.7% against the previous month. Overall, the import price showed a slight decline. The pace of growth was the most pronounced in April 2023 an increase of 87% m-o-m. Over the period under review, average import prices reached the peak figure at $5.7 per unit in September 2023, and then contracted significantly in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From October 2022 to October 2023, the rate of growth in terms of prices for China amounted to +0.0% per month.

Price for Inner Tubes, of Rubber in Guatemala (FOB) - 2022

The average inner tubes, of rubber export price stood at $5.9 per unit in 2022, waning by -4.1% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber export price decreased by -13.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 40% against the previous year. As a result, the export price attained the peak level of $6.8 per unit. From 2020 to 2022, the average export prices remained at a somewhat 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 Belize ($8.1 per unit), while the average price for exports to El Salvador ($3.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Inner Tubes, of Rubber in Guatemala

In 2022, supplies from abroad of inner tubes, of rubbers decreased by -23.2% to 1.5M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 9.9% against the previous year. Over the period under review, imports reached the maximum at 2M units in 2021, and then fell notably in the following year.

In value terms, inner tubes, of rubber imports soared to $5.6M in 2022. The total import value increased at an average annual rate of +11.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Inner Tubes, of Rubber to Guatemala in 2022:

1. China (1280.9K units)
2. Thailand (113.0K units)
3. Indonesia (43.1K units)
4. India (34.9K units)
5. United States (30.7K units)

Exports of Inner Tubes, of Rubber in Guatemala

For the fourth year in a row, Guatemala recorded growth in overseas shipments of inner tubes, of rubbers, which increased by 13% to 15K units in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.3% 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 +106.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, inner tubes, of rubber exports rose rapidly to $87K in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 74%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Inner Tubes, of Rubber from Guatemala in 2022:

1. El Salvador (6.3K units)
2. Nicaragua (4.1K units)
3. Honduras (3.9K units)
4. Belize (0.5K units)

Source: IndexBox Market Intelligence Platform