Guatemala: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2024

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Guatemala

The Guatemalan market for iron, steel or aluminium reservoirs, tanks, vats and similar containers shrank notably to $X in 2020, which is down by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Guatemala

In 2020, approx. X units of iron, steel or aluminium reservoirs, tanks, vats and similar containers were exported from Guatemala; growing by X% compared with the year before. In general, exports saw buoyant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked in 2020 and are likely to continue growth in the near future.

In value terms, iron, steel or aluminium reservoir exports skyrocketed to $X in 2020. Overall, total exports indicated prominent growth from 2012 to 2020: its value increased at an average annual rate of X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

El Salvador (X units), Honduras (X units) and Nicaragua (X units) were the main destinations of iron, steel or aluminium reservoir exports from Guatemala, with a combined X% share of total exports. The Dominican Republic, Costa Rica, Mexico and Belize lagged somewhat behind, together accounting for a further X%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belize (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Nicaragua ($X) and Honduras ($X) constituted the largest markets for iron, steel or aluminium reservoir exported from Guatemala worldwide, with a combined X% share of total exports. The Dominican Republic, Costa Rica, Mexico and Belize lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers stood at $X per unit in 2020, rising by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The export price peaked at $X per unit in 2015; however, from 2016 to 2020, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Belize ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Guatemala

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers into Guatemala expanded rapidly to X units, with an increase of X% against the previous year. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in years to come.

In value terms, iron, steel or aluminium reservoir imports expanded modestly to $X in 2020. Over the period under review, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

Imports by Country

Costa Rica (X units), El Salvador (X units) and Mexico (X units) were the main suppliers of iron, steel or aluminium reservoir imports to Guatemala, together accounting for X% of total imports.

From 2012 to 2020, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron, steel or aluminium reservoir suppliers to Guatemala were Mexico ($X), the United States ($X) and El Salvador ($X), with a combined X% share of total imports. Costa Rica, China, the Dominican Republic, Belize and Honduras lagged somewhat behind, together comprising a further X%.

Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Honduras ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belize (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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