Report Update: May 1, 2024

Guatemala - Iron Or Steel Plaited Bands And Slings - Market Analysis, Forecast, Size, Trends And Insights

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Steel Plaited Band Price in Guatemala - 2023

Steel Plaited Band Price in Guatemala (CIF) - 2023

The average steel plaited band import price stood at $5,641 per ton in October 2023, waning by -56.2% against the previous month. In general, the import price showed a slight curtailment. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 431% month-to-month. Over the period under review, average import prices reached the peak figure at $12,865 per ton in September 2023, and then contracted notably in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($29,271 per ton), while the price for China ($2,783 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Steel Plaited Band Price in Guatemala (FOB) - 2022

The average steel plaited band export price stood at $3,964 per ton in 2022, surging by 4.4% against the previous year. Over the period under review, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2018 when the average export price increased by 57% against the previous year. The export price peaked at $6,656 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($20,885 per ton), while the average price for exports to Nicaragua ($2,951 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 Belize (+27.5%), while the prices for the other major destinations experienced a decline.

Steel Plaited Band Imports in Guatemala

In 2022, the amount of iron or steel plaited bands and slings imported into Guatemala expanded notably to 593 tons, surging by 11% compared with the previous year's figure. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% 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 +59.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 34%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, steel plaited band imports expanded rapidly to $2M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Steel Plaited Band in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	511	369	771	813	16.7%
Brazil	216	272	501	598	40.4%
United States	169	245	305	445	38.1%
Others	124	144	206	137	3.4%
Total	1,019	1,030	1,783	1,994	25.1%

Top Suppliers of Steel Plaited Band to Guatemala in 2022:

China (415.4 tons)
Brazil (137.0 tons)
United States (22.3 tons)

Steel Plaited Band Exports in Guatemala

In 2022, shipments abroad of iron or steel plaited bands and slings decreased by -25% to 9.8 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 396% against the previous year. As a result, the exports attained the peak of 18 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel plaited band exports contracted significantly to $39K in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 362% against the previous year. As a result, the exports reached the peak of $72K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Steel Plaited Band in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Honduras	5.6	1.1	13.9	17.4	45.9%
El Salvador	6.5	21.3	27.2	12.4	24.0%
Nicaragua	N/A	16.9	6.9	8.5	-29.1%
Belize	N/A	1.6	N/A	0.5	-44.1%
Saint Kitts and Nevis	N/A	N/A	0.1	N/A	0%
Mexico	2.7	27.8	N/A	N/A	929.6%
Others	0.8	3.7	1.8	0.1	-50.0%
Total	15.7	72.5	49.8	39.0	35.4%

Top Export Markets for Steel Plaited Band from Guatemala in 2022:

El Salvador (3.5 tons)
Honduras (3.4 tons)
Nicaragua (2.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the steel plaited band market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931150 - Iron or steel plaited bands, slings and the like (excluding electrically insulated)

Country coverage:

Guatemala

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Guatemala
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023