Price for Hot-Rolled Wire Rod in Coils in Guatemala - 2023
Contents:
- Price for Hot-Rolled Wire Rod in Coils in Guatemala (CIF) - 2022
- Price for Hot-Rolled Wire Rod in Coils in Guatemala (FOB) - 2022
- Imports of Hot-Rolled Wire Rod in Coils in Guatemala
- Exports of Hot-Rolled Wire Rod in Coils in Guatemala
Price for Hot-Rolled Wire Rod in Coils in Guatemala (CIF) - 2022
In 2022, the average import price for hot-rolled wire rods in coils amounted to $918 per ton, surging by 16% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils import price increased by +77.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($996 per ton) and Russia ($963 per ton), while the price for Venezuela ($862 per ton) and China ($898 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Rod in Coils in Guatemala (FOB) - 2022
The average export price for hot-rolled wire rods in coils stood at $1,121 per ton in 2022, picking up by 23% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled wire rod in coils export price increased by +140.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 33%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($1,303 per ton), while the average price for exports to Nicaragua ($1,110 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 Nicaragua (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Hot-Rolled Wire Rod in Coils in Guatemala
After three years of growth, purchases abroad of hot-rolled wire rods in coils decreased by -34.9% to 161K tons in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, imports reached the peak of 247K tons, and then shrank rapidly in the following year.
In value terms, hot-rolled wire rod in coils imports contracted sharply to $147M in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 153% against the previous year. As a result, imports reached the peak of $195M, and then fell dramatically in the following year.
| Import of Hot-Rolled Wire Rod in Coils in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.3 | 23.4 | 59.8 | 63.6 | 29.5% |
| Mexico | 37.0 | 23.6 | 19.5 | 26.0 | -11.1% |
| Venezuela | N/A | 2.8 | 25.9 | 16.2 | 140.5% |
| Ukraine | N/A | 3.9 | 13.4 | 15.4 | 98.7% |
| Turkey | N/A | 9.0 | 10.9 | 14.4 | 26.5% |
| India | N/A | N/A | 6.1 | 5.9 | -3.3% |
| Russia | 4.4 | 5.1 | 59.8 | 5.6 | 8.4% |
| Malaysia | N/A | 6.2 | N/A | N/A | 0% |
| Others | 1.8 | 3.2 | 0.1 | 0.3 | -45.0% |
| Total | 72.5 | 77.2 | 195 | 147 | 26.6% |
Top Suppliers of Hot-Rolled Wire Rod in Coils to Guatemala in 2022:
- China (70.8K tons)
- Mexico (27.1K tons)
- Venezuela (18.8K tons)
- Ukraine (16.9K tons)
- Turkey (14.5K tons)
- India (6.3K tons)
- Russia (5.9K tons)
Exports of Hot-Rolled Wire Rod in Coils in Guatemala
In 2022, hot-rolled wire rod in coils exports from Guatemala shrank notably to 605 tons, which is down by -55% against the previous year. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 531% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then declined dramatically in the following year.
In value terms, hot-rolled wire rod in coils exports declined rapidly to $678K in 2022. Over the period under review, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 595% against the previous year. As a result, the exports reached the peak of $1.2M, and then contracted notably in the following year.
| Export of Hot-Rolled Wire Rod in Coils in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 254 | 172 | 311 | 560 | 30.2% |
| Costa Rica | 1.9 | N/A | 803 | 85.3 | 255.4% |
| Panama | N/A | N/A | 109 | 32.8 | -69.9% |
| Others | 5.9 | 5.3 | 6.0 | N/A | 0.8% |
| Total | 262 | 177 | 1,230 | 678 | 37.3% |
Top Export Markets for Hot-Rolled Wire Rod in Coils from Guatemala in 2022:
- Nicaragua (504.6 tons)
- Costa Rica (75.6 tons)
- Panama (25.2 tons)
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