Price for Stainless Steel in Ingots or Other Primary Forms in Guatemala - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Guatemala (CIF) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Guatemala (FOB) - 2022
- Imports of Stainless Steel in Ingots or Other Primary Forms in Guatemala
- Exports of Stainless Steel in Ingots or Other Primary Forms in Guatemala
Price for Stainless Steel in Ingots or Other Primary Forms in Guatemala (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $1,668 per ton in 2022, surging by 14% against the previous year. In general, the import price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2014 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $4,200 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,148 per ton), while the price for Turkey ($1,442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel in Ingots or Other Primary Forms in Guatemala (FOB) - 2022
In 2022, the average export price for stainless steel in ingots or other primary forms amounted to $5,200 per ton, picking up by 109% against the previous year. Overall, the export price, however, showed a deep setback. Over the period under review, the average export prices reached the maximum at $18,801 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Honduras.
From 2012 to 2022, the rate of growth in terms of prices for Honduras amounted to +8.7% per year.
Imports of Stainless Steel in Ingots or Other Primary Forms in Guatemala
In 2022, the amount of stainless steel in ingots or other primary forms imported into Guatemala skyrocketed to 269 tons, increasing by 75% compared with the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of stainless steel in ingots or other primary forms soared to $448K in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Stainless Steel in Ingots or Other Primary Forms in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 27.9 | 54.6 | 47.6 | 242 | 105.5% |
| China | 78.5 | 141 | 128 | 165 | 28.1% |
| India | 63.0 | 54.0 | N/A | N/A | -14.3% |
| Mexico | 60.9 | 1.5 | N/A | N/A | -97.5% |
| Others | 26.2 | 4.3 | 49.1 | 41.7 | 16.8% |
| Total | 257 | 255 | 224 | 448 | 20.4% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Guatemala in 2022:
- Turkey (167.6 tons)
- China (96.0 tons)
Exports of Stainless Steel in Ingots or Other Primary Forms in Guatemala
In 2022, shipments abroad of stainless steel in ingots or other primary forms decreased by -99.9% to 5 kg, falling for the second year in a row after two years of growth. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 351% against the previous year. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of stainless steel in ingots or other primary forms dropped sharply to $26 in 2022. Over the period under review, exports faced a precipitous shrinkage. The growth pace was the most rapid in 2020 when exports increased by 292% against the previous year. As a result, the exports reached the peak of $37K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Stainless Steel in Ingots or Other Primary Forms in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 9.2 | 16.1 | N/A | N/A | 75.0% |
| Belize | N/A | 7.3 | N/A | N/A | 0% |
| Costa Rica | N/A | 13.1 | 23.6 | N/A | 80.2% |
| Honduras | N/A | 0.2 | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 9.4 | 36.8 | 23.6 | N/A | 58.4% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Guatemala in 2022:
- Honduras (5.0 kg)
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