Guatemala: Market for Iron or Steel Leaf-Springs and Leaves 2024

Market Size for Iron or Steel Leaf-Springs and Leaves in Guatemala

The Guatemalan iron or steel leaf-spring market contracted modestly to $X in 2022, shrinking by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Iron or steel leaf-spring consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Leaf-Springs and Leaves in Guatemala

In value terms, iron or steel leaf-spring production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Iron or steel leaf-spring production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Guatemala

After two years of growth, overseas shipments of iron or steel leaf-springs and leaves decreased by X% to X tons in 2022. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, iron or steel leaf-spring exports dropped sharply to $X in 2022. In general, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Honduras (X tons) was the main destination for iron or steel leaf-spring exports from Guatemala, accounting for a X% share of total exports. It was followed by Costa Rica (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Honduras totaled X%.

In value terms, Honduras ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Guatemala, comprising X% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, export price indicated temperate 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. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain 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 Costa Rica ($X per ton), while the average price for exports to Honduras stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Guatemala

Iron or steel leaf-spring imports into Guatemala shrank to X tons in 2022, declining by X% compared with the previous year. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, iron or steel leaf-spring imports rose markedly to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Mexico (X tons), China (X tons) and Colombia (X tons) were the main suppliers of iron or steel leaf-spring imports to Guatemala, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constituted the largest supplier of iron or steel leaf-springs and leaves to Guatemala, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Colombia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Mexico totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the average iron or steel leaf-spring import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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