Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala - 2024
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (CIF) - 2024
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (FOB) - 2022
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (CIF) - 2024
The average import price for steel alloy wire of materials other than silico-manganese steels stood at $843 per ton in December 2023, waning by -7.5% against the previous month. Overall, the import price showed a abrupt descent. The growth pace was the most rapid in June 2023 an increase of 263% month-to-month. As a result, import price attained the peak level of $3,961 per ton. From July 2023 to December 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Mexico ($3,376 per ton), while the price for China totaled $837 per ton.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.8%), while the prices for the other major suppliers experienced a decline.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (FOB) - 2022
In 2022, the average export price for steel alloy wire of materials other than silico-manganese steels amounted to $14,067 per ton, growing by 9.1% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2021 an increase of 430% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
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 El Salvador ($15,270 per ton), while the average price for exports to Belize ($714 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 (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala
For the fourth consecutive year, Guatemala recorded growth in supplies from abroad of steel alloy wire of materials other than silico-manganese steels, which increased by 22% to 4.3K tons in 2022. Over the period under review, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 716%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels surged to $5.6M in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 526%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 9.9 | 35.4 | 2,658 | 907.4% |
| Turkey | N/A | 188 | 2,131 | 1,757 | 205.7% |
| Mexico | 403 | 311 | 388 | 529 | 9.5% |
| Costa Rica | 21.1 | N/A | 566 | 451 | 177.5% |
| Belgium | 73.8 | 34.3 | 376 | N/A | 125.7% |
| Oman | N/A | N/A | 155 | N/A | 0% |
| Others | 63.0 | 50.7 | 65.2 | 166 | 38.1% |
| Total | 564 | 594 | 3,717 | 5,561 | 114.4% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Guatemala in 2022:
- China (2275.7 tons)
- Turkey (1491.0 tons)
- Costa Rica (349.1 tons)
- Mexico (115.3 tons)
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala
In 2022, exports of steel alloy wire of materials other than silico-manganese steels from Guatemala skyrocketed to 22 tons, jumping by 434% on the previous year's figure. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 511% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels skyrocketed to $307K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 5.0 | 11.9 | 52.7 | 304 | 293.2% |
| Honduras | 0.1 | N/A | N/A | 3.0 | 210.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.1 | 11.9 | 52.7 | 307 | 291.9% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Guatemala in 2022:
- El Salvador (19.9 tons)
- Honduras (1.9 tons)
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