Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,345 per ton in 2022, increasing by 20% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel wire, plated or coated with zincs increased by +55.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nicaragua ($2,201 per ton), while the price for China ($1,235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $2,631 per ton, rising by 5.4% against the previous year. Overall, the export price showed a slight increase. The growth pace was the most rapid in 2018 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 El Salvador ($5,017 per ton), while the average price for exports to Honduras ($2,055 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 El Salvador (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala
In 2022, overseas purchases of iron or non-alloy steel wire, plated or coated with zincs decreased by -52.1% to 3.8K tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 196%. As a result, imports attained the peak of 16K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs declined significantly to $5.1M in 2022. Over the period under review, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 195%. As a result, imports reached the peak of $14M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 1.1 | 4.2 | 3.4 | 45.7% |
| Mexico | 1.0 | 1.0 | 0.9 | 1.0 | 0.0% |
| Nicaragua | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Turkey | 2.2 | 6.8 | 2.7 | 0.1 | -64.3% |
| Russia | N/A | 1.3 | 0.6 | N/A | -53.8% |
| Venezuela | N/A | 0.7 | N/A | N/A | 0% |
| Peru | N/A | 2.1 | N/A | N/A | 0% |
| Honduras | 0.2 | 0.4 | N/A | N/A | 100.0% |
| Others | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Total | 4.6 | 13.7 | 8.9 | 5.1 | 3.5% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Guatemala in 2022:
- China (2783.3 tons)
- Mexico (734.3 tons)
- Nicaragua (95.3 tons)
- Turkey (79.6 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala
In 2022, approx. 27 tons of iron or non-alloy steel wire, plated or coated with zincs were exported from Guatemala; rising by 28% compared with the previous year. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 33%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs skyrocketed to $71K in 2022. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 67% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 0.2 | 8.2 | 16.6 | 40.2 | 485.8% |
| El Salvador | 12.5 | 4.8 | 5.5 | 17.2 | 11.2% |
| Costa Rica | 6.0 | 16.6 | 23.8 | 7.5 | 7.7% |
| Nicaragua | 0.3 | 4.3 | 6.9 | 6.0 | 171.4% |
| Others | 1.3 | N/A | 0.1 | 0.3 | -38.7% |
| Total | 20.3 | 34.0 | 52.8 | 71.3 | 52.0% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Guatemala in 2022:
- Honduras (19.6 tons)
- El Salvador (3.4 tons)
- Costa Rica (2.3 tons)
- Nicaragua (1.7 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Guatemala.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Guatemala.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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