Sulphates; of Copper Price in Guatemala - 2023

Contents:

  1. Sulphates; of Copper Price in Guatemala (CIF) - 2022
  2. Sulphates; of Copper Price in Guatemala (FOB) - 2022
  3. Sulphates; of Copper Imports in Guatemala
  4. Sulphates; of Copper Exports in Guatemala

Sulphates; of Copper Price in Guatemala (CIF) - 2022

The average sulphates; of copper import price stood at $3,172 per ton in 2022, increasing by 8.3% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper import price increased by +50.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 39%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($3,355 per ton) and Ukraine ($3,131 per ton), while the price for Russia ($2,879 per ton) and Spain ($2,886 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Sulphates; of Copper Price in Guatemala (FOB) - 2022

In 2022, the average sulphates; of copper export price amounted to $3,498 per ton, rising by 31% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sulphates; of copper export price increased by +61.5% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Belize ($4,265 per ton), while the average price for exports to Nicaragua ($2,705 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 Costa Rica (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphates; of Copper Imports in Guatemala

Sulphates; of copper imports into Guatemala soared to 716 tons in 2022, jumping by 37% on the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume 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 +44.9% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sulphates; of copper imports skyrocketed to $2.3M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Sulphates; of Copper in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru27732737072037.5%
Mexico52542973671911.1%
Russia96.294.129639660.3%
Colombia83.868.740.312614.6%
UkraineN/AN/AN/A1160%
SpainN/AN/AN/A65.40%
Others82.512294.613016.4%
Total1,0651,0391,5362,27228.7%

Top Suppliers of Sulphates; of Copper to Guatemala in 2022:

  1. Peru (245.8 tons)
  2. Mexico (214.3 tons)
  3. Russia (137.5 tons)
  4. Colombia (41.9 tons)
  5. Ukraine (37.1 tons)
  6. Spain (22.7 tons)

Sulphates; of Copper Exports in Guatemala

In 2022, overseas shipments of sulphates; of coppers decreased by -9.2% to 86 tons, falling for the second year in a row after two years of growth. In general, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 77%. As a result, the exports attained the peak of 104 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphates; of copper exports surged to $300K in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 69% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Sulphates; of Copper in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras66.081.812024855.5%
Costa RicaN/A9.065.229.581.0%
El Salvador32.856.856.419.2-16.3%
Belize7.34.38.03.2-24.0%
Nicaragua0.633.52.50.1-45.0%
Mexico26.5N/AN/AN/A0%
JamaicaN/A39.4N/AN/A0%
OthersN/A0.1N/AN/A0%
Total13322525230031.1%

Top Export Markets for Sulphates; of Copper from Guatemala in 2022:

  1. Nicaragua (undefined tons)
  2. Honduras (70.2 tons)
  3. Costa Rica (8.1 tons)
  4. El Salvador (6.8 tons)
  5. Belize (0.8 tons)

Source: IndexBox Market Intelligence Platform

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