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Guatemala - Base Metal Closures, Stoppers, Caps And Lids - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBase Metal Closure Price in Guatemala - 2023
Contents:
- Base Metal Closure Price in Guatemala (CIF) - 2023
- Base Metal Closure Price in Guatemala (FOB) - 2023
- Base Metal Closure Imports in Guatemala
- Base Metal Closure Exports in Guatemala
Base Metal Closure Price in Guatemala (CIF) - 2023
In October 2023, the average base metal closure import price amounted to $6,158 per ton, declining by -3.8% against the previous month. In general, the import price recorded a mild slump. The growth pace was the most rapid in January 2023 an increase of 19% m-o-m. As a result, import price attained the peak level of $7,682 per ton. From February 2023 to October 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($7,037 per ton), while the price for Costa Rica ($3,223 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced a decline.
Base Metal Closure Price in Guatemala (FOB) - 2023
The average base metal closure export price stood at $6,096 per ton in October 2023, declining by -39% against the previous month. Over the period under review, the export price recorded a noticeable setback. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 42% m-o-m. The export price peaked at $10,318 per ton in November 2022; however, from December 2022 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was Costa Rica ($35,468 per ton), while the average price for exports to Mexico ($3,484 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.
Base Metal Closure Imports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in overseas purchases of base metal closures, stoppers, caps and lids, which increased by 15% to 11K tons in 2022. The total import volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, base metal closure imports soared to $81M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Base Metal Closure in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 36.1 | 37.2 | 43.6 | 67.1 | 23.0% |
Costa Rica | 3.7 | 5.3 | 6.0 | 6.9 | 23.1% |
China | 1.7 | 1.2 | 2.7 | 2.5 | 13.7% |
Spain | 1.1 | 1.5 | 2.1 | 1.9 | 20.0% |
Italy | 0.9 | 1.2 | 1.6 | 1.7 | 23.6% |
Others | 1.5 | 1.2 | 1.6 | 1.4 | -2.3% |
Total | 44.9 | 47.6 | 57.6 | 81.4 | 21.9% |
Top Suppliers of Base Metal Closure to Guatemala in 2022:
- Mexico (8.4K tons)
- Costa Rica (1.7K tons)
- China (0.6K tons)
- Spain (0.3K tons)
- Italy (0.2K tons)
Base Metal Closure Exports in Guatemala
In 2022, exports of base metal closures, stoppers, caps and lids from Guatemala declined to 817 tons, which is down by -11% on the year before. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 24%. As a result, the exports attained the peak of 918 tons, and then declined in the following year.
In value terms, base metal closure exports fell to $6M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $6.2M, and then fell modestly in the following year.
Export of Base Metal Closure in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 1,419 | 1,545 | 1,965 | 2,387 | 18.9% |
Nicaragua | 2,288 | 2,179 | 2,445 | 1,727 | -9.0% |
El Salvador | 1,080 | 760 | 1,118 | 887 | -6.4% |
Mexico | 15.2 | 35.0 | 131 | 462 | 212.1% |
Panama | 358 | 151 | 288 | 139 | -27.0% |
Colombia | N/A | N/A | N/A | 89.4 | 0% |
Costa Rica | 169 | 125 | 141 | 75.9 | -23.4% |
Others | 40.5 | 96.4 | 123 | 265 | 87.0% |
Total | 5,370 | 4,891 | 6,210 | 6,032 | 4.0% |
Top Export Markets for Base Metal Closure from Guatemala in 2022:
- Honduras (265.7 tons)
- Nicaragua (220.0 tons)
- Mexico (171.9 tons)
- El Salvador (93.3 tons)
- Panama (20.5 tons)
- Colombia (19.0 tons)
- Costa Rica (9.5 tons)
This report provides an in-depth analysis of the base metal closure market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25921370 - Base metal closures, stoppers, caps and lids (excluding of lead, crown corks, aluminium closures, stoppers, caps and lids of a diameter > .21 mm)
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Explore the world's best import markets for base metal closure in 2022. Find out the key statistics and import values of the top countries. Learn about the demand drivers and growth potentials in these markets.
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In value terms, dithionites and sulphoxylates imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some...
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In value terms, sulphides and polysulphides exports amounted to $X in 2016. Overall, sulphides and polysulphides exports continue to indicate a measured curtailment. In that year, global sulphides ...
In value terms, dithionites and sulphoxylates exports amounted to $X in 2016. Overall, dithionites and sulphoxylates exports continue to indicate a relatively flat trend pattern. Over the period un...
In value terms, sulphites and thiosulphates exports totaled $X in 2016. Overall, it indicated a moderate expansion from 2007 to 2016: the total exports value increased at an average annual rate of ...
Explore the world's best import markets for base metal closure in 2022. Find out the key statistics and import values of the top countries. Learn about the demand drivers and growth potentials in these markets.