Price for Textiles; Worn Clothing and Other Worn Articles in Guatemala - 2023

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Guatemala (CIF) - 2023
2. Price for Textiles; Worn Clothing and Other Worn Articles in Guatemala (FOB) - 2022
3. Imports of Textiles; Worn Clothing and Other Worn Articles in Guatemala
4. Exports of Textiles; Worn Clothing and Other Worn Articles in Guatemala

Price for Textiles; Worn Clothing and Other Worn Articles in Guatemala (CIF) - 2023

In December 2023, the average import price for textiles; worn clothing and other worn articleses amounted to $1,691 per ton, picking up by 4.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +0.2% per month.

Price for Textiles; Worn Clothing and Other Worn Articles in Guatemala (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,224 per ton, declining by -8.8% against the previous year. Over the period under review, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $3,335 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Honduras ($2,001 per ton), while the average price for exports to the United States ($471 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 (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Textiles; Worn Clothing and Other Worn Articles in Guatemala

Imports of textiles; worn clothing and other worn articleses into Guatemala expanded slightly to 137K tons in 2022, with an increase of 5% on the previous year's figure. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of textiles; worn clothing and other worn articleses surged to $209M in 2022. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 60%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Guatemala in 2022:

1. United States (134.8K tons)

Exports of Textiles; Worn Clothing and Other Worn Articles in Guatemala

In 2022, exports of textiles; worn clothing and other worn articleses from Guatemala expanded slightly to 1.3K tons, picking up by 4% on the previous year's figure. Over the period under review, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 79% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of textiles; worn clothing and other worn articleses reduced to $1.6M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 102% against the previous year. As a result, the exports attained the peak of $1.7M, and then dropped in the following year.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Guatemala in 2022:

1. United States (673.6 tons)
2. Honduras (488.2 tons)
3. El Salvador (96.1 tons)
4. Mexico (40.2 tons)
5. Japan (14.1 tons)

Source: IndexBox Market Intelligence Platform