Guatemala - Winding Wire For Electrical Purposes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWinding Wire Price in Guatemala - 2023
Contents:
- Winding Wire Price in Guatemala (CIF) - 2022
- Winding Wire Price in Guatemala (FOB) - 2022
- Winding Wire Imports in Guatemala
- Winding Wire Exports in Guatemala
Winding Wire Price in Guatemala (CIF) - 2022
In 2022, the average winding wire import price amounted to $14,187 per ton, reducing by -1.5% against the previous year. Overall, import price indicated measured 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, winding wire import price increased by +49.9% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 33%. The import price peaked at $14,404 per ton in 2021, and then declined in the following year.
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 Panama ($28,506 per ton), while the price for China ($7,553 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Winding Wire Price in Guatemala (FOB) - 2022
The average winding wire export price stood at $13,702 per ton in 2022, jumping by 24% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 40%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 Honduras ($13,666 per ton), while the average price for exports to El Salvador ($8,241 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 Jamaica (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.
Winding Wire Imports in Guatemala
In 2022, the amount of winding wire for electrical purposes imported into Guatemala dropped dramatically to 168 tons, declining by -18% against the previous year. In general, total imports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.1% 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 +38.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. As a result, imports reached the peak of 205 tons, and then fell dramatically in the following year.
In value terms, winding wire imports fell significantly to $2.4M in 2022. Overall, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. As a result, imports attained the peak of $3M, and then shrank significantly in the following year.
| Import of Winding Wire in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,051 | 1,133 | 1,548 | 1,106 | 1.7% |
| Mexico | 149 | 134 | 677 | 604 | 59.4% |
| China | 123 | 44.4 | 133 | 261 | 28.5% |
| Panama | 25.0 | 11.5 | 56.9 | 213 | 104.2% |
| South Korea | 2.3 | N/A | 22.6 | 90.8 | 240.5% |
| Argentina | 104 | 56.3 | 396 | N/A | 95.1% |
| Others | 87.6 | 144 | 123 | 113 | 8.9% |
| Total | 1,541 | 1,524 | 2,957 | 2,388 | 15.7% |
Top Suppliers of Winding Wire to Guatemala in 2022:
- United States (64.7 tons)
- Mexico (50.7 tons)
- China (34.5 tons)
- Panama (7.5 tons)
- South Korea (5.7 tons)
Winding Wire Exports in Guatemala
In 2022, the amount of winding wire for electrical purposes exported from Guatemala shrank markedly to 19 tons, falling by -34.1% compared with 2021. Overall, total exports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% 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 increased by +18.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of 29 tons, and then fell remarkably in the following year.
In value terms, winding wire exports shrank sharply to $266K in 2022. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2021 with an increase of 118%. As a result, the exports reached the peak of $326K, and then shrank remarkably in the following year.
| Export of Winding Wire in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 27.7 | 71.2 | 276 | 211 | 96.8% |
| Costa Rica | 1.6 | 0.1 | 2.6 | 18.4 | 125.7% |
| El Salvador | 96.2 | 34.1 | 37.9 | 15.6 | -45.5% |
| Nicaragua | 26.5 | 22.8 | N/A | 12.3 | -22.6% |
| Haiti | 8.4 | 4.1 | 5.9 | N/A | -16.2% |
| Jamaica | 2.4 | 13.6 | N/A | N/A | 466.7% |
| Others | 0.4 | 3.7 | 3.0 | 8.0 | 171.4% |
| Total | 163 | 150 | 326 | 266 | 17.7% |
Top Export Markets for Winding Wire from Guatemala in 2022:
- Honduras (15.5 tons)
- El Salvador (1.9 tons)
- Costa Rica (1.4 tons)
- Nicaragua (0.1 tons)
This report provides an in-depth analysis of the winding wire 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 27321100 - Winding wire for electrical purposes
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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