Price for Brass Tubes and Pipes in Guatemala - 2023
Contents:
- Price for Brass Tubes and Pipes in Guatemala (CIF) - 2022
- Price for Brass Tubes and Pipes in Guatemala (FOB) - 2022
- Imports of Brass Tubes and Pipes in Guatemala
- Exports of Brass Tubes and Pipes in Guatemala
Price for Brass Tubes and Pipes in Guatemala (CIF) - 2022
In 2022, the average brass tubes and pipes import price amounted to $10,607 per ton, growing by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
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 ($30,517 per ton), while the price for Mexico ($9,803 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 (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Brass Tubes and Pipes in Guatemala (FOB) - 2022
The average brass tubes and pipes export price stood at $12,350 per ton in 2022, picking up by 14% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices reached the peak figure at $15,839 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($12,356 per ton), while the average price for exports to Costa Rica totaled $12,347 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Brass Tubes and Pipes in Guatemala
In 2022, imports of tubes and pipes of copper-zinc base alloys (brass) into Guatemala surged to 381 tons, with an increase of 43% compared with the previous year. Over the period under review, imports recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 96%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, brass tubes and pipes imports skyrocketed to $4M in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 140% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Brass Tubes and Pipes in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 952 | 648 | 2,052 | 3,009 | 46.8% |
| Canada | 102 | 293 | 227 | 485 | 68.2% |
| Italy | 135 | 122 | 193 | 471 | 51.7% |
| Others | 93.6 | 25.4 | 142 | 76.2 | -6.6% |
| Total | 1,282 | 1,088 | 2,613 | 4,042 | 46.6% |
Top Suppliers of Brass Tubes and Pipes to Guatemala in 2022:
- Mexico (306.9 tons)
- Canada (40.5 tons)
- Italy (26.9 tons)
Exports of Brass Tubes and Pipes in Guatemala
After three years of growth, shipments abroad of tubes and pipes of copper-zinc base alloys (brass) decreased by -17.2% to 1.9 tons in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 275% against the previous year. As a result, the exports attained the peak of 2.3 tons, and then shrank remarkably in the following year.
In value terms, brass tubes and pipes exports dropped to $24K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 255% against the previous year. As a result, the exports reached the peak of $26K, and then dropped in the following year.
| Export of Brass Tubes and Pipes in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Costa Rica | N/A | N/A | 9.5 | 13.7 | 44.2% |
| El Salvador | 2.2 | 7.2 | 16.0 | 10.4 | 67.8% |
| Honduras | 0.8 | N/A | N/A | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 7.2 | 25.5 | 24.0 | 88.2% |
Top Export Markets for Brass Tubes and Pipes from Guatemala in 2022:
- Costa Rica (1108.0 kg)
- El Salvador (838.0 kg)
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