Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala - 2023

Contents:

1. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala (CIF) - 2023
2. Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala (FOB) - 2022
3. Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala
4. Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala (CIF) - 2023

In October 2023, the average import price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses amounted to $4,219 per ton, increasing by 34% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Honduras ($5,278 per ton), while the price for Mexico ($1,000 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 (+2.5%), while the prices for the other major suppliers experienced a decline.

Price for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala (FOB) - 2022

The average export price for cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses stood at $5,218 per ton in 2022, surging by 7.9% against the previous year. Overall, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2014 an increase of 46%. As a result, the export price attained the peak level of $9,255 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($7,418 per ton), while the average price for exports to Belize ($956 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 (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala

In 2022, approx. 576 tons of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses were imported into Guatemala; surging by 11% on 2021 figures. The total import volume increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses totaled $2.4M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.6% 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 +54.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths to Guatemala in 2022:

1. China (467.7 tons)
2. United States (28.9 tons)
3. Mexico (22.9 tons)
4. Pakistan (13.5 tons)
5. Netherlands (11.8 tons)
6. Costa Rica (2.8 tons)
7. El Salvador (0.8 tons)

Exports of Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths in Guatemala

After three years of growth, overseas shipments of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses decreased by -31.9% to 38 tons in 2022. In general, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of 56 tons, and then contracted markedly in the following year.

In value terms, exports of cloths; floor cloths, dish-cloths, dusters and similar cleaning clothses fell significantly to $197K in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports attained the peak of $269K, and then declined notably in the following year.

Top Export Markets for Cloths; Floor Cloths, Dish-Cloths, Dusters and Similar Cleaning Cloths from Guatemala in 2022:

1. Honduras (24.1 tons)
2. Mexico (5.8 tons)
3. Nicaragua (2.7 tons)
4. Costa Rica (2.4 tons)
5. El Salvador (1.6 tons)
6. Belize (0.8 tons)

Source: IndexBox Market Intelligence Platform