Report Update Apr 1, 2024

Guatemala - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends and Insights

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Guatemala: Aluminum Market 2024

Aluminum Market Size in Guatemala

The Guatemalan aluminum market rose slightly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, continues to indicate a buoyant increase. Aluminum consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Aluminum Production in Guatemala

In value terms, aluminum production totaled $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with a decrease of X% against the previous year. Aluminum production peaked in 2022 and is expected to retain growth in the near future.

Aluminum Exports

Exports from Guatemala

In 2022, shipments abroad of aluminum and alloys decreased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminum exports stood at $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Honduras (X tons) was the main destination for aluminum exports from Guatemala, with a X% share of total exports. Moreover, aluminum exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X kg), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Honduras totaled X%.

From 2013 to 2022, the average annual rate of growth in terms of value to El Salvador stood at X%.

Export Prices by Country

In 2022, the average aluminum export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price continues to indicate a significant curtailment. The pace of growth was the most pronounced in 2019 when the average export price decreased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (X%).

Aluminum Imports

Imports into Guatemala

In 2022, approx. X tons of aluminum and alloys were imported into Guatemala; dropping by X% against the year before. Over the period under review, imports, however, showed a strong expansion. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, aluminum imports skyrocketed to $X in 2022. In general, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X tons) was the main supplier of aluminum to Guatemala, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Mexico stood at X%.

In value terms, Mexico ($X) constituted the largest supplier of aluminum and alloys to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Mexico totaled X%.

Import Prices by Country

The average aluminum import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminum import price increased by X% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 Italy ($X per ton), while the price for Mexico amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminum and alloys in the world?

China remains the largest aluminum consuming country worldwide, comprising approx. 52% of total volume. Moreover, aluminum consumption in China exceeded the figures recorded by the second-largest consumer, Mozambique, sevenfold. The third position in this ranking was held by the United States, with a 6.3% share.

What are the largest producers of aluminum and alloys in the world?

China constituted the country with the largest volume of aluminum production, comprising approx. 44% of total volume. Moreover, aluminum production in China exceeded the figures recorded by the second-largest producer, Mozambique, twofold. The third position in this ranking was held by Russia, with a 4.3% share.

What are the leading suppliers of aluminum and alloys to Guatemala?

In value terms, Mexico constituted the largest supplier of aluminum and alloys to Guatemala, comprising 93% of total imports. The second position in the ranking was taken by Italy, with a 4.6% share of total imports.

What is the average export price for aluminum and alloys in Guatemala?

In 2022, the average aluminum export price amounted to $1,841 per ton, approximately mirroring the previous year.

What is the average import price for aluminum and alloys in Guatemala?

In 2022, the average aluminum import price amounted to $3,300 per ton, jumping by 36% against the previous year.

This report provides an in-depth analysis of the aluminum 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)

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