Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala - 2023

Contents:

1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala (CIF) - 2022
2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala (FOB) - 2022
3. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala
4. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala (CIF) - 2022

The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $4,206 per ton in 2022, falling by -11.3% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2017 an increase of 21% against the previous year. Over the period under review, average import prices hit record highs at $5,955 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,230 per ton), while the price for China ($2,719 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 (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala (FOB) - 2022

In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $16,636 per ton, which is down by -13.3% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of 77% against the previous year. Over the period under review, the average export prices attained the maximum at $19,184 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($17,657 per ton), while the average price for exports to Honduras ($6,764 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 El Salvador (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala

In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses imported into Guatemala shrank to 220 tons, falling by -8.1% on the previous year's figure. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 72%. As a result, imports reached the peak of 240 tons, and then declined in the following year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses declined notably to $927K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $1.1M, and then fell rapidly in the following year.

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Guatemala in 2022:

1. China (157.2 tons)
2. Spain (23.6 tons)
3. United States (10.6 tons)
4. India (9.0 tons)
5. South Korea (6.2 tons)
6. Panama (6.1 tons)
7. Mexico (5.9 tons)
8. Colombia (0.1 tons)

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Guatemala

In 2022, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses from Guatemala soared to 25 tons, rising by 150% against the year before. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 303% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses soared to $424K in 2022. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 253%. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Guatemala in 2022:

1. El Salvador (22.2 tons)
2. Honduras (2.7 tons)
3. Nicaragua (0.2 tons)
4. Costa Rica (0.1 tons)

Source: IndexBox Market Intelligence Platform