Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala - 2024

Contents:

  1. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (CIF) - 2024
  2. Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (FOB) - 2022
  3. Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala
  4. Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (CIF) - 2024

In April 2024, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $3,337 per ton, picking up by 3.3% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in February 2024 when the average import price increased by 6.1% m-o-m. The import price peaked at $3,640 per ton in April 2023; however, from May 2023 to April 2024, import prices remained at a lower figure.

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

From April 2023 to April 2024, the rate of growth in terms of prices for China amounted to -0.7% per month.

Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (FOB) - 2022

The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,803 per ton in 2022, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 37% against the previous year. The export price peaked at $4,911 per ton in 2018; however, from 2019 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 El Salvador ($7,234 per ton), while the average price for exports to Costa Rica ($2,135 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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala

In 2022, approx. 41K tons of aluminium plates, sheets and strip of thickness exceeding 0.2 mms were imported into Guatemala; surging by 14% on the year before. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms soared to $180M in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Import of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China23.465.711817194.1%
South Korea2.90.26.73.910.4%
Hong Kong SAR2.01.42.42.46.3%
United States13.81.50.71.7-50.2%
Belgium56.61.50.6N/A-89.7%
Brazil5.34.9N/AN/A-7.5%
Others3.91.70.90.6-46.4%
Total10876.812918018.6%

Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to Guatemala in 2022:

  1. China (39.5K tons)
  2. South Korea (0.9K tons)
  3. Hong Kong SAR (0.6K tons)
  4. United States (0.1K tons)

Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala

For the fourth year in a row, Guatemala recorded growth in shipments abroad of aluminium plates, sheets and strip of thickness exceeding 0.2 mms, which increased by 39% to 195 tons in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 146% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms soared to $937K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Export of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras99.814716659581.3%
El Salvador10799.635330441.6%
Costa Rica11.413.111.338.249.6%
Nicaragua2.24.026.10.1-64.3%
MexicoN/AN/A18.1N/A0%
OthersN/A4.911.7N/A138.8%
Total22026858693762.1%

Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from Guatemala in 2022:

  1. Honduras (135.2 tons)
  2. El Salvador (42.0 tons)
  3. Costa Rica (17.9 tons)

Source: IndexBox Market Intelligence Platform

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