Aluminium Wire Price in Guatemala - 2024

Contents:

1. Aluminium Wire Price in Guatemala (CIF) - 2022
2. Aluminium Wire Price in Guatemala (FOB) - 2022
3. Aluminium Wire Imports in Guatemala
4. Aluminium Wire Exports in Guatemala

Aluminium Wire Price in Guatemala (CIF) - 2022

The average aluminium wire import price stood at $6,053 per ton in 2022, waning by -16.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 42% against the previous year. The import price peaked at $9,740 per ton in 2015; however, from 2016 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 Panama ($55,273 per ton), while the price for Colombia ($4,775 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+118.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Wire Price in Guatemala (FOB) - 2022

The average aluminium wire export price stood at $7,783 per ton in 2022, declining by -21.6% against the previous year. Overall, the export price saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 an increase of 59%. Over the period under review, the average export prices attained the peak figure at $14,639 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($16,333 per ton), while the average price for exports to El Salvador stood at $6,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+5.4%), while the prices for the other major destinations experienced a decline.

Aluminium Wire Imports in Guatemala

In 2022, approx. 52 tons of aluminium wires were imported into Guatemala; growing by 108% compared with the previous year's figure. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, aluminium wire imports surged to $316K in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium Wire to Guatemala in 2022:

1. China (42.5 tons)
2. Colombia (5.3 tons)
3. United States (1.9 tons)
4. Italy (1.2 tons)
5. Canada (1.0 tons)

Aluminium Wire Exports in Guatemala

In 2022, after two years of growth, there was significant decline in overseas shipments of aluminium wires, when their volume decreased by -93.4% to 23 kg. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 792% against the previous year. As a result, the exports reached the peak of 348 kg, and then fell remarkably in the following year.

In value terms, aluminium wire exports fell sharply to $179 in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 1,315%. As a result, the exports attained the peak of $3.5K, and then reduced sharply in the following year.

Top Export Markets for Aluminium Wire from Guatemala in 2022:

1. El Salvador (20.0 kg)
2. Belize (3.0 kg)

Source: IndexBox Market Intelligence Platform