Price for Used Pneumatic Tyres of Rubber in Guatemala - 2023

Contents:

1. Price for Used Pneumatic Tyres of Rubber in Guatemala (CIF) - 2022
2. Price for Used Pneumatic Tyres of Rubber in Guatemala (FOB) - 2022
3. Imports of Used Pneumatic Tyres of Rubber in Guatemala
4. Exports of Used Pneumatic Tyres of Rubber in Guatemala

Price for Used Pneumatic Tyres of Rubber in Guatemala (CIF) - 2022

The average import price for used pneumatic tyres of rubbers stood at $34 per unit in 2022, increasing by 16% against the previous year. In general, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2020 when the average import price increased by 67% against the previous year. The import price peaked at $54 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($34 per unit) and Taiwan (Chinese) ($34 per unit), while the price for Germany ($34 per unit) and the Netherlands ($34 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%), while the prices for the other major suppliers experienced a decline.

Price for Used Pneumatic Tyres of Rubber in Guatemala (FOB) - 2022

In 2022, the average export price for used pneumatic tyres of rubbers amounted to $28 per unit, increasing by 36% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The export price peaked at $48 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($37 per unit), while the average price for exports to El Salvador amounted to $24 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Used Pneumatic Tyres of Rubber in Guatemala

In 2022, approx. 277K units of used pneumatic tyres of rubbers were imported into Guatemala; which is down by -13.2% on the year before. In general, imports saw a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 68%. As a result, imports reached the peak of 319K units, and then shrank in the following year.

In value terms, used pneumatic tyres of rubber imports amounted to $9.4M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Used Pneumatic Tyres of Rubber to Guatemala in 2022:

1. United States (78.7K units)
2. Japan (68.7K units)
3. South Korea (67.4K units)
4. Netherlands (33.0K units)
5. Taiwan (Chinese) (9.2K units)
6. Germany (6.9K units)

Exports of Used Pneumatic Tyres of Rubber in Guatemala

In 2022, overseas shipments of used pneumatic tyres of rubbers decreased by -97.5% to 78 units, falling for the second year in a row after two years of growth. In general, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 665% against the previous year. As a result, the exports reached the peak of 4.1K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, used pneumatic tyres of rubber exports shrank rapidly to $2.2K in 2022. Overall, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by 476% against the previous year. As a result, the exports reached the peak of $90K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Used Pneumatic Tyres of Rubber from Guatemala in 2022:

1. El Salvador (54.0 units)
2. Nicaragua (23.0 units)

Source: IndexBox Market Intelligence Platform