Guatemala: Stranded Wire Market 2024

Stranded Wire Market Size in Guatemala

In 2022, the Guatemalan stranded wire market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, recorded a pronounced downturn. Stranded wire consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Stranded Wire Exports

Exports from Guatemala

In 2022, approx. X tons of stranded wire, ropes and cables were exported from Guatemala; with an increase of X% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, stranded wire exports skyrocketed to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

El Salvador (X tons) was the main destination for stranded wire exports from Guatemala, with a X% share of total exports. Moreover, stranded wire exports to El Salvador exceeded the volume sent to the second major destination, Honduras (X tons), twofold. Costa Rica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to El Salvador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Costa Rica (X% per year).

In value terms, El Salvador ($X) remains the key foreign market for stranded wire, ropes and cables exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports. It was followed by Honduras, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to El Salvador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (X% per year) and Honduras (X% per year).

Export Prices by Country

The average stranded wire export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a slight increase 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, stranded wire export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Honduras ($X 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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Stranded Wire Imports

Imports into Guatemala

Stranded wire imports into Guatemala surged to X tons in 2022, jumping by X% compared with the year before. Over the period under review, imports, however, showed a abrupt slump. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, stranded wire imports surged to $X in 2022. In general, imports, however, continue to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest stranded wire supplier to Guatemala, with a X% share of total imports. Moreover, stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by Costa Rica (X tons), with an X% share.

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

In value terms, China ($X) constituted the largest supplier of stranded wire, ropes and cables to Guatemala, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with a X% share of total imports. It was followed by Costa Rica, with a X% share.

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

Import Prices by Country

In 2022, the average stranded wire import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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