Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (CIF) - 2023
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (FOB) - 2022
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (CIF) - 2023
The average import price for stainless steel; flat-rolled products of width less than 600mms stood at $4,411 per ton in June 2023, falling by -8% against the previous month. In general, the import price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 138% month-to-month. As a result, import price reached the peak level of $11,361 per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($39,444 per ton), while the price for India ($2,981 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Mexico (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (FOB) - 2022
In 2022, the average export price for stainless steel; flat-rolled products of width less than 600mms amounted to $6,686 per ton, increasing by 27% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for stainless steel; flat-rolled products of width less than 600mms increased by +50.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 144%. Over the period under review, the average export prices attained the peak figure at $6,703 per ton in 2014; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Honduras ($8,678 per ton), while the average price for exports to Costa Rica ($2,152 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 Honduras (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala
After two years of decline, purchases abroad of stainless steel; flat-rolled products of width less than 600mms increased by 142% to 384 tons in 2022. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $1.6M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 283 | 234 | 161 | 662 | 32.7% |
| India | 310 | 121 | 90.3 | 405 | 9.3% |
| China | 134 | 142 | 264 | 338 | 36.1% |
| Mexico | 10.4 | 44.8 | 50.7 | 55.9 | 75.2% |
| Colombia | 28.3 | 20.2 | 41.3 | 41.0 | 13.2% |
| Taiwan (Chinese) | 105 | 55.7 | 28.0 | 0.6 | -82.1% |
| Others | 24.8 | 20.3 | 17.9 | 96.7 | 57.4% |
| Total | 896 | 638 | 654 | 1,599 | 21.3% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Guatemala in 2022:
- United States (168.5 tons)
- India (100.3 tons)
- China (96.3 tons)
- Mexico (7.4 tons)
- Colombia (3.6 tons)
- Taiwan (Chinese) (0.2 tons)
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala
In 2022, shipments abroad of stainless steel; flat-rolled products of width less than 600mms was finally on the rise to reach 19 tons after two years of decline. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms skyrocketed to $126K in 2022. Overall, exports posted buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 14.1 | 11.7 | 34.6 | 114 | 100.7% |
| Honduras | 48.1 | 31.2 | 31.7 | 10.0 | -40.8% |
| Costa Rica | N/A | N/A | N/A | 1.2 | 0% |
| Nicaragua | 10.0 | 23.0 | 6.3 | 0.6 | -60.9% |
| Bahamas | 1.5 | N/A | N/A | N/A | 0% |
| Others | 0.8 | N/A | 0.8 | 0.5 | -14.5% |
| Total | 74.5 | 66.0 | 73.5 | 126 | 19.1% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Guatemala in 2022:
- El Salvador (17.0 tons)
- Honduras (1.2 tons)
- Costa Rica (0.6 tons)
- Nicaragua (0.1 tons)
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