Price for Iron or Steel; Cast Articles in Guatemala - 2024

Contents:

1. Price for Iron or Steel; Cast Articles in Guatemala (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Guatemala (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Guatemala
4. Exports of Iron or Steel; Cast Articles in Guatemala

Price for Iron or Steel; Cast Articles in Guatemala (CIF) - 2022

The average import price for iron or steel; cast articleses stood at $2,841 per ton in 2022, growing by 15% against the previous year. Over the period under review, the import price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 38%. Over the period under review, average import prices reached the maximum at $3,784 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 India ($9,075 per ton), while the price for El Salvador ($202 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Guatemala (FOB) - 2022

The average export price for iron or steel; cast articleses stood at $4,716 per ton in 2022, jumping by 35% against the previous year. In general, the export price posted a buoyant increase. The pace of growth appeared the most rapid in 2016 an increase of 325% against the previous year. Over the period under review, the average export prices reached the maximum at $7,259 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($20,491 per ton), while the average price for exports to El Salvador ($1,415 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 (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Guatemala

In 2022, imports of iron or steel; cast articleses into Guatemala reached 1.2K tons, increasing by 3% compared with 2021 figures. In general, imports, however, saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 8.5%.

In value terms, iron or steel; cast articles imports skyrocketed to $3.3M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Iron or Steel; Cast Articles to Guatemala in 2022:

1. Costa Rica (371.2 tons)
2. El Salvador (216.8 tons)
3. China (184.2 tons)
4. Tunisia (168.5 tons)
5. United States (66.3 tons)
6. Mexico (30.1 tons)
7. Spain (28.1 tons)
8. Italy (23.9 tons)
9. Thailand (13.5 tons)
10. India (1.2 tons)

Exports of Iron or Steel; Cast Articles in Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of iron or steel; cast articleses, when their volume decreased by -73.4% to 27 tons. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 244%. As a result, the exports reached the peak of 102 tons, and then fell rapidly in the following year.

In value terms, iron or steel; cast articles exports shrank sharply to $128K in 2022. In general, exports, however, showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 104% against the previous year.

Top Export Markets for Iron or Steel; Cast Articles from Guatemala in 2022:

1. El Salvador (10.9 tons)
2. Costa Rica (6.4 tons)
3. Honduras (5.1 tons)
4. United States (2.1 tons)
5. Mexico (1.0 tons)
6. Nicaragua (0.7 tons)
7. Philippines (0.5 tons)

Source: IndexBox Market Intelligence Platform