Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala - 2023

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala (CIF) - 2022
2. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala (FOB) - 2022
3. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala
4. Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala (CIF) - 2022

The average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s stood at $3,969 per ton in 2022, declining by -9.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, import price attained the peak level of $4,991 per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($9,827 per ton), while the price for China ($3,346 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala (FOB) - 2022

In 2022, the average export price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $5,801 per ton, picking up by 23% against the previous year. Over the period under review, the export price recorded pronounced growth. The growth pace was the most rapid in 2017 when the average export price increased by 186% against the previous year. Over the period under review, the average export prices attained the maximum at $9,129 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($6,072 per ton), while the average price for exports to Costa Rica ($2,211 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 Panama (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala

In 2022, overseas purchases of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s were finally on the rise to reach 235 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s surged to $932K in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Guatemala in 2022:

1. United States (165.7 tons)
2. China (58.9 tons)
3. Belgium (4.7 tons)

Exports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Guatemala

In 2022, the amount of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s exported from Guatemala soared to 15 tons, growing by 101% against 2021. Over the period under review, exports, however, recorded a precipitous curtailment.

In value terms, exports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s skyrocketed to $86K in 2022. In general, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 from Guatemala in 2022:

1. El Salvador (13.6 tons)
2. Honduras (0.6 tons)
3. Costa Rica (0.6 tons)