Guatemala - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Guatemala - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights

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Metal Spring Washer Price in Guatemala - 2023

Contents:

  1. Metal Spring Washer Price in Guatemala (CIF) - 2022
  2. Metal Spring Washer Price in Guatemala (FOB) - 2022
  3. Metal Spring Washer Imports in Guatemala
  4. Metal Spring Washer Exports in Guatemala

Metal Spring Washer Price in Guatemala (CIF) - 2022

In 2022, the average metal spring washer import price amounted to $5,324 per ton, rising by 25% against the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer import price increased by +37.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. As a result, import price reached the peak level of $6,656 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($28,950 per ton), while the price for Honduras ($2,764 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Metal Spring Washer Price in Guatemala (FOB) - 2022

The average metal spring washer export price stood at $5,038 per ton in 2022, waning by -13% against the previous year. Overall, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2014 an increase of 266% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,265 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($9,121 per ton), while the average price for exports to Honduras ($4,180 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 Costa Rica (+31.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Spring Washer Imports in Guatemala

In 2022, the amount of iron or steel spring washers imported into Guatemala dropped to 69 tons, falling by -14.3% on the previous year's figure. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +8.8% 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 +46.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of 81 tons, and then reduced in the following year.

In value terms, metal spring washer imports stood at $368K in 2022. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Metal Spring Washer in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China52.339.214215643.9%
United States69.696.412692.29.8%
Mexico19.912.720.520.81.5%
India0.60.83.014.1186.4%
Taiwan (Chinese)0.2N/A0.34.8188.4%
Colombia12.07.35.84.4-28.4%
HondurasN/A0.1N/A3.8516.4%
Panama22.08.57.7N/A-40.8%
Others31.853.138.571.430.9%
Total20821834436820.9%

Top Suppliers of Metal Spring Washer to Guatemala in 2022:

  1. China (53.1 tons)
  2. Mexico (3.2 tons)
  3. United States (3.2 tons)
  4. India (2.5 tons)
  5. Honduras (1.4 tons)
  6. Taiwan (Chinese) (1.0 tons)
  7. Colombia (0.6 tons)

Metal Spring Washer Exports in Guatemala

In 2022, the amount of iron or steel spring washers exported from Guatemala surged to 5.7 tons, growing by 116% against 2021 figures. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 141% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, metal spring washer exports surged to $29K in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 138%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Export of Metal Spring Washer in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador0.14.13.815.0431.3%
Honduras2.63.24.212.167.0%
Costa RicaN/A0.77.01.441.4%
Nicaragua0.20.1N/AN/A-50.0%
Others0.90.80.30.4-23.7%
Total3.78.915.428.998.4%

Top Export Markets for Metal Spring Washer from Guatemala in 2022:

  1. Honduras (2.9 tons)
  2. El Salvador (2.7 tons)
  3. Costa Rica (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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