Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala (CIF) - 2022
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala (FOB) - 2022
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala (CIF) - 2022

The average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $2,843 per ton in 2022, surging by 21% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips increased by +54.2% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 67% against the previous year. Over the period under review, average import prices hit record highs at $3,129 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($9,366 per ton), while the price for Costa Rica ($451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala (FOB) - 2022

In 2022, the average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $4,975 per ton, rising by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were El Salvador ($5,975 per ton) and Honduras ($5,791 per ton), while the average price for exports to Nicaragua ($4,624 per ton) and Costa Rica ($4,681 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips imported into Guatemala expanded slightly to 1.4K tons, surging by 3% compared with the previous year. Overall, imports, however, saw a relatively flat trend pattern.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips soared to $3.9M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +11.4% 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 +47.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Guatemala in 2022:

1. Mexico (1139.3 tons)
2. United States (70.1 tons)
3. Spain (56.2 tons)
4. Peru (43.0 tons)
5. Costa Rica (20.0 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Guatemala

In 2022, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips from Guatemala amounted to 145 tons, increasing by 11% on the year before. In general, exports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips surged to $720K in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Guatemala in 2022:

1. Costa Rica (83.4 tons)
2. Honduras (32.5 tons)
3. Nicaragua (21.5 tons)
4. El Salvador (6.9 tons)

Source: IndexBox Market Intelligence Platform