Price for Iron Ore and Concentrate, Non-Agglomerated in Guatemala - 2023

Price for Iron Ore and Concentrate, Non-Agglomerated in Guatemala (CIF) - 2022

In 2022, the average import price for iron ores and concentrates, non-agglomerated amounted to $672 per ton, picking up by 45% against the previous year. Overall, the import price, however, continues to indicate a sharp downturn. Over the period under review, average import prices hit record highs at $3,429 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($700 per ton), while the price for France totaled $655 per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-5.0%).

Price for Iron Ore and Concentrate, Non-Agglomerated in Guatemala (FOB) - 2022

In 2022, the average export price for iron ores and concentrates, non-agglomerated amounted to $814 per ton, dropping by -89.5% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2021 when the average export price increased by 8,363%. As a result, the export price attained the peak level of $7,731 per ton, and then reduced notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -31.1% per year.

Imports of Iron Ore and Concentrate, Non-Agglomerated in Guatemala

In 2022, approx. 186 tons of iron ores and concentrates, non-agglomerated were imported into Guatemala; increasing by 23% against 2021. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated imports surged to $125K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Iron Ore and Concentrate, Non-Agglomerated in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	13.8	N/A	33.0	84.9	83.2%
United States	2.8	N/A	12.3	38.9	140.4%
Others	14.6	N/A	24.9	1.2	-56.5%
Total	31.2	N/A	70.2	125	58.8%

Top Suppliers of Iron Ore and Concentrate, Non-Agglomerated to Guatemala in 2022:

France (129.5 tons)
United States (55.5 tons)

Exports of Iron Ore and Concentrate, Non-Agglomerated in Guatemala

In 2022, exports of iron ores and concentrates, non-agglomerated from Guatemala surged to 4.2 tons, jumping by 16,019% against 2021 figures. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron ore and concentrate, non-agglomerated exports surged to $3.4K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.