Stainless Steel Wire Price in Guatemala - 2023
Contents:
- Stainless Steel Wire Price in Guatemala (CIF) - 2022
- Stainless Steel Wire Price in Guatemala (FOB) - 2022
- Stainless Steel Wire Imports in Guatemala
- Stainless Steel Wire Exports in Guatemala
Stainless Steel Wire Price in Guatemala (CIF) - 2022
In 2022, the average stainless steel wire import price amounted to $2,700 per ton, increasing by 18% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 57%. As a result, import price reached the peak level of $7,003 per ton. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,500 per ton), while the price for Uruguay ($860 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Stainless Steel Wire Price in Guatemala (FOB) - 2022
The average stainless steel wire export price stood at $3,572 per ton in 2022, with an increase of 36% against the previous year. Over the period under review, the export price, however, faced a deep contraction. The pace of growth appeared the most rapid in 2019 an increase of 226% against the previous year. The export price peaked at $18,300 per ton 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 ($6,067 per ton), while the average price for exports to El Salvador ($2,049 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 (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Wire Imports in Guatemala
In 2022, approx. 86 tons of stainless steel wire were imported into Guatemala; which is down by -41.4% compared with the previous year's figure. In general, imports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 194% against the previous year. As a result, imports attained the peak of 147 tons, and then fell remarkably in the following year.
In value terms, stainless steel wire imports contracted rapidly to $233K in 2022. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 196%. As a result, imports reached the peak of $338K, and then fell dramatically in the following year.
| Import of Stainless Steel Wire in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.9 | 38.2 | 161 | 143 | 89.8% |
| China | 58.0 | 30.9 | 98.5 | 69.1 | 6.0% |
| India | N/A | 16.0 | 3.8 | 5.9 | -39.3% |
| Colombia | N/A | N/A | N/A | 3.5 | 0% |
| Uruguay | 1.1 | 0.5 | 0.8 | 1.8 | 17.8% |
| Others | 38.5 | 28.5 | 74.3 | 9.5 | -37.3% |
| Total | 118 | 114 | 338 | 233 | 25.5% |
Top Suppliers of Stainless Steel Wire to Guatemala in 2022:
- United States (40.9 tons)
- China (38.6 tons)
- Uruguay (2.1 tons)
- India (1.8 tons)
- Colombia (1.5 tons)
Stainless Steel Wire Exports in Guatemala
In 2022, shipments abroad of stainless steel wire decreased by -33.4% to 5 tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 98% against the previous year. As a result, the exports reached the peak of 8.6 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, stainless steel wire exports dropped to $18K in 2022. In general, exports showed a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of 3.7% against the previous year.
| Export of Stainless Steel Wire in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | 6.0 | 2.8 | 5.4 | 6.7 | 3.7% |
| Honduras | 8.7 | 9.2 | 6.8 | 5.2 | -15.8% |
| Nicaragua | N/A | 0.7 | 5.0 | 4.1 | 142.0% |
| El Salvador | 0.4 | 5.7 | 0.7 | 1.9 | 68.1% |
| Others | 3.4 | 0.8 | 2.0 | 0.1 | -69.1% |
| Total | 18.5 | 19.2 | 19.8 | 17.9 | -1.1% |
Top Export Markets for Stainless Steel Wire from Guatemala in 2022:
- Honduras (1.7 tons)
- Costa Rica (1.7 tons)
- El Salvador (0.9 tons)
- Nicaragua (0.7 tons)
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