Guatemala - Iron or Steel Leaf-Springs and Leaves - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Iron or Steel Leaf-Spring in Guatemala - 2023
Contents:
- Price for Iron or Steel Leaf-Spring in Guatemala (CIF) - 2022
- Price for Iron or Steel Leaf-Spring in Guatemala (FOB) - 2022
- Imports of Iron or Steel Leaf-Spring in Guatemala
- Exports of Iron or Steel Leaf-Spring in Guatemala
Price for Iron or Steel Leaf-Spring in Guatemala (CIF) - 2022
The average iron or steel leaf-spring import price stood at $2,685 per ton in 2022, rising by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2021 an increase of 15% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,646 per ton), while the price for Vietnam ($2,120 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel Leaf-Spring in Guatemala (FOB) - 2022
In 2022, the average iron or steel leaf-spring export price amounted to $3,675 per ton, increasing by 36% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
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 Costa Rica ($7,959 per ton), while the average price for exports to Honduras totaled $3,631 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel Leaf-Spring in Guatemala
Iron or steel leaf-spring imports into Guatemala declined to 1.6K tons in 2022, which is down by -1.8% against the previous year. The total import volume increased at an average annual rate of +4.1% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of 1.6K tons, and then reduced slightly in the following year.
In value terms, iron or steel leaf-spring imports expanded sharply to $4.3M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +56.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 40%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Iron or Steel Leaf-Spring in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,097 | 1,177 | 1,599 | 1,839 | 18.8% |
| China | 597 | 510 | 785 | 820 | 11.2% |
| Malaysia | 8.0 | N/A | 3.7 | 478 | 290.9% |
| Colombia | 371 | 347 | 341 | 478 | 8.8% |
| United States | 570 | 318 | 453 | 330 | -16.7% |
| Vietnam | 386 | 249 | 437 | 162 | -25.1% |
| Others | 60.7 | 132 | 199 | 170 | 41.0% |
| Total | 3,090 | 2,733 | 3,817 | 4,278 | 11.5% |
Top Suppliers of Iron or Steel Leaf-Spring to Guatemala in 2022:
- Mexico (686.4 tons)
- China (350.9 tons)
- Colombia (199.7 tons)
- Malaysia (197.0 tons)
- Vietnam (76.3 tons)
- United States (58.5 tons)
Exports of Iron or Steel Leaf-Spring in Guatemala
After three years of growth, shipments abroad of iron or steel leaf-springs and leaves decreased by -53.2% to 12 tons in 2022. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 321%.
In value terms, iron or steel leaf-spring exports fell significantly to $44K in 2022. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 295% against the previous year.
| Export of Iron or Steel Leaf-Spring in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 3.1 | 28.5 | 67.0 | 43.4 | 141.0% |
| Nicaragua | 2.4 | 6.5 | N/A | N/A | 170.8% |
| Others | 3.4 | N/A | 2.8 | 1.0 | -33.5% |
| Total | 8.8 | 35.0 | 69.8 | 44.4 | 71.5% |
Top Export Markets for Iron or Steel Leaf-Spring from Guatemala in 2022:
- Honduras (11.9 tons)
This report provides an in-depth analysis of the market for iron or steel leaf-spring in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25931613 - Iron or steel hot-worked laminated leaf-springs and leaves therefor
- Prodcom 25931615 - Iron or steel hot-worked non-laminated leaf-springs and leaves therefor
- Prodcom 25931617 - Iron or steel cold-formed leaf-springs and leaves therefor
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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