Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (CIF) - 2022
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (FOB) - 2022
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (CIF) - 2022
In 2022, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $3,897 per ton, with an increase of 28% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for stainless steel bars and rods, angles, shapes and sectionses increased by +97.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,249 per ton), while the price for China ($2,995 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (FOB) - 2022
In 2022, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $9,345 per ton, growing by 73% against the previous year. Over the period under review, the export price showed a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($14,848 per ton), while the average price for exports to Nicaragua ($5,795 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 (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala
Imports of stainless steel bars and rods, angles, shapes and sectionses into Guatemala reduced to 523 tons in 2022, with a decrease of -10.5% on the previous year. Overall, imports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of 584 tons, and then dropped in the following year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses rose significantly to $2M in 2022. In general, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 690 | 465 | 1,010 | 926 | 10.3% |
| China | 155 | 127 | 456 | 698 | 65.1% |
| Mexico | 199 | 74.0 | 73.9 | 251 | 8.0% |
| United States | 134 | 115 | 142 | 60.6 | -23.2% |
| Turkey | N/A | 88.0 | N/A | N/A | 0% |
| Others | 185 | 76.2 | 93.8 | 101 | -18.3% |
| Total | 1,363 | 945 | 1,776 | 2,037 | 14.3% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Guatemala in 2022:
- China (233.0 tons)
- India (227.6 tons)
- Mexico (43.6 tons)
- United States (5.4 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala
In 2022, overseas shipments of stainless steel bars and rods, angles, shapes and sectionses decreased by -36.2% to 11 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 35%. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses totaled $102K in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 61% against the previous year. As a result, the exports attained the peak of $104K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 13.6 | 17.7 | 13.8 | 49.7 | 54.0% |
| Nicaragua | 17.2 | 60.5 | 65.8 | 32.8 | 24.0% |
| El Salvador | 32.0 | 24.1 | 11.9 | 15.5 | -21.5% |
| Belize | N/A | N/A | N/A | 3.7 | 0% |
| Others | 2.0 | 1.8 | 0.4 | N/A | -55.3% |
| Total | 64.7 | 104 | 92.0 | 102 | 16.4% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Guatemala in 2022:
- Nicaragua (5.7 tons)
- Honduras (3.8 tons)
- El Salvador (1.2 tons)
- Belize (0.3 tons)
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