Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala - 2023

Contents:

  1. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (CIF) - 2022
  2. Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (FOB) - 2022
  3. Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala
  4. Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (CIF) - 2022

In 2022, the average import price for clasps and frames with clasps amounted to $9,890 per ton, surging by 21% against the previous year. Over the period under review, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 49% against the previous year. Over the period under review, average import prices hit record highs at $14,742 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Portugal ($19,083 per ton), while the price for South Korea ($4,200 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (FOB) - 2022

In 2022, the average export price for clasps and frames with clasps amounted to $6,413 per ton, jumping by 17% against the previous year. In general, the export price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 an increase of 139%. Over the period under review, the average export prices reached the maximum at $30,700 per ton in 2015; however, from 2016 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 Honduras ($16,481 per ton), while the average price for exports to Nicaragua ($1,000 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 Honduras (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala

In 2022, the amount of clasps and frames with clasps imported into Guatemala soared to 24 tons, with an increase of 58% on the year before. Overall, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of clasps and frames with clasps soared to $239K in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16.87.427.694.577.8%
Portugal1.70.828.748.4205.4%
United States46.420.225.238.3-6.2%
Honduras0.8N/A0.318.7185.9%
Spain25.043.010.813.3-19.0%
Italy0.5N/A2.410.2173.2%
Mexico11.635.99.29.7-5.8%
IndiaN/AN/A11.1N/A0%
Others17.613.49.76.0-30.1%
Total12012112523925.8%

Top Suppliers of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal to Guatemala in 2022:

  1. China (12.5 tons)
  2. United States (3.3 tons)
  3. Honduras (2.9 tons)
  4. Portugal (2.5 tons)
  5. Spain (1.0 tons)
  6. Mexico (0.8 tons)
  7. Italy (0.7 tons)

Exports of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala

In 2022, after three years of growth, there was significant decline in shipments abroad of clasps and frames with clasps, when their volume decreased by -88.4% to 196 kg. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 10,500% against the previous year. As a result, the exports attained the peak of 1.7 tons, and then contracted rapidly in the following year.

In value terms, exports of clasps and frames with clasps shrank significantly to $1.3K in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 4,335%. As a result, the exports reached the peak of $9.3K, and then fell rapidly in the following year.

Export of Clasps and Frames with Clasps; Incorporating Locks, of Base Metal in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
HondurasN/A0.2N/A0.9112.1%
El SalvadorN/A0.1N/A0.4100.0%
PeruN/AN/A8.9N/A0%
OthersN/AN/A0.4N/A0%
TotalN/A0.29.31.3155.0%

Top Export Markets for Clasps and Frames with Clasps; Incorporating Locks, of Base Metal from Guatemala in 2022:

  1. El Salvador (141.0 kg)
  2. Honduras (54.0 kg)

Source: IndexBox Market Intelligence Platform

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