Price for Wire of Other Alloy Steel in Guatemala - 2023
Contents:
- Price for Wire of Other Alloy Steel in Guatemala (CIF) - 2022
- Price for Wire of Other Alloy Steel in Guatemala (FOB) - 2022
- Imports of Wire of Other Alloy Steel in Guatemala
- Exports of Wire of Other Alloy Steel in Guatemala
Price for Wire of Other Alloy Steel in Guatemala (CIF) - 2022
The average import price for wire of other alloy steels stood at $1,331 per ton in 2022, growing by 14% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 53%. The import price peaked at $2,211 per ton in 2013; however, from 2014 to 2022, 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 Mexico ($4,520 per ton), while the price for Turkey ($1,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wire of Other Alloy Steel in Guatemala (FOB) - 2022
In 2022, the average export price for wire of other alloy steels amounted to $3,702 per ton, surging by 25% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 62% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($4,521 per ton), while the average price for exports to Belize ($2,470 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 (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wire of Other Alloy Steel in Guatemala
In 2022, the amount of wire of other alloy steels imported into Guatemala surged to 4.5K tons, picking up by 24% against 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 528%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, wire of other alloy steel imports surged to $6M in 2022. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 439%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Wire of Other Alloy Steel in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 151 | 131 | 303 | 2,888 | 167.4% |
| Turkey | N/A | 188 | 2,127 | 1,757 | 205.7% |
| Mexico | 403 | 317 | 393 | 541 | 10.3% |
| Costa Rica | 21.1 | 0.2 | 565 | 451 | 177.5% |
| Belgium | 73.8 | 34.3 | 375 | N/A | 125.4% |
| Oman | N/A | N/A | 163 | N/A | 0% |
| Others | 119 | 111 | 283 | 361 | 44.8% |
| Total | 768 | 781 | 4,210 | 5,997 | 98.4% |
Top Suppliers of Wire of Other Alloy Steel to Guatemala in 2022:
- China (2414.3 tons)
- Turkey (1491.6 tons)
- Costa Rica (349.2 tons)
- Mexico (119.7 tons)
Exports of Wire of Other Alloy Steel in Guatemala
In 2022, the amount of wire of other alloy steels exported from Guatemala soared to 174 tons, rising by 39% against the previous year. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 185% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, wire of other alloy steel exports skyrocketed to $646K in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 362% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Wire of Other Alloy Steel in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 19.3 | 34.7 | 232 | 439 | 183.3% |
| Honduras | 36.8 | 19.4 | 49.5 | 60.4 | 18.0% |
| Panama | 22.7 | 6.0 | 35.2 | 54.3 | 33.7% |
| Costa Rica | 9.8 | 5.8 | 31.1 | 50.3 | 72.5% |
| Belize | 19.5 | 13.5 | 22.7 | 42.1 | 29.2% |
| Others | N/A | 0.7 | N/A | N/A | 0% |
| Total | 108 | 80.1 | 370 | 646 | 81.5% |
Top Export Markets for Wire of Other Alloy Steel from Guatemala in 2022:
- El Salvador (97.0 tons)
- Honduras (22.6 tons)
- Panama (19.1 tons)
- Costa Rica (18.6 tons)
- Belize (17.1 tons)
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