Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala - 2023

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (CIF) - 2022
  2. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (FOB) - 2022
  3. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala
  4. Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (CIF) - 2022

In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $1,662 per ton, jumping by 15% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $4,767 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,697 per ton), while the price for Turkey totaled $1,442 per ton.

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 a decline.

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (FOB) - 2022

In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $5,200 per ton, with an increase of 109% against the previous year. Overall, the export price, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2016 when the average export price increased by 129%. The export price peaked at $27,243 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala

In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia imported into Guatemala skyrocketed to 269 tons, surging by 74% on the previous year's figure. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $446K in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey27.954.647.6242105.5%
China77.712312616328.0%
SpainN/AN/A19.9N/A0%
India63.054.0N/AN/A-14.3%
Mexico60.91.5N/AN/A-97.5%
Others22.84.329.241.722.3%
Total25223822344621.0%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Guatemala in 2022:

  1. Turkey (167.6 tons)
  2. China (95.9 tons)

Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala

In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -99.9% to 5 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp decline. The pace of growth appeared the most rapid in 2020 when exports increased by 7,157% against the previous year. As a result, the exports attained the peak of 10 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia plummeted to $26 in 2022. In general, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 3,375%.

Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa RicaN/A13.123.6N/A80.2%
HondurasN/A0.2N/AN/A0%
BelizeN/A7.3N/AN/A0%
Others0.6N/AN/AN/A0%
Total0.620.623.6N/A527.2%

Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Guatemala in 2022:

  1. Honduras (5.0 kg)

Source: IndexBox Market Intelligence Platform

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