Price for Copper Tube or Pipe Fitting in Guatemala - 2023

Price for Copper Tube or Pipe Fitting in Guatemala (CIF) - 2022

In 2022, the average import price for tube or pipe fittings, couplings, elbows, sleeves of refined copper amounted to $11,294 per ton, reducing by -10.5% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, copper tube or pipe fitting import price increased by +58.7% against 2016 indices. The pace of growth was the most pronounced in 2014 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure at $12,619 per ton in 2021, and then dropped in the following year.

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 Panama ($71,982 per ton), while the price for Mexico ($7,004 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Copper Tube or Pipe Fitting in Guatemala (FOB) - 2022

The average export price for tube or pipe fittings, couplings, elbows, sleeves of refined copper stood at $7,178 per ton in 2022, with an increase of 94% against the previous year. Overall, the export price posted perceptible growth. The growth pace was the most rapid in 2015 an increase of 226% against the previous year. As a result, the export price reached the peak level of $27,353 per ton. From 2016 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 El Salvador ($10,706 per ton), while the average price for exports to Honduras amounted to $7,137 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+3.1%).

Imports of Copper Tube or Pipe Fitting in Guatemala

In 2022, after two years of decline, there was significant growth in purchases abroad of tube or pipe fittings, couplings, elbows, sleeves of refined copper, when their volume increased by 25% to 16 tons. In general, imports, however, showed a precipitous descent.

In value terms, copper tube or pipe fitting imports expanded notably to $176K in 2022. Over the period under review, imports, however, faced a drastic downturn.

Import of Copper Tube or Pipe Fitting in Guatemala (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	17.4	42.8	36.1	97.2	77.4%
United States	271	221	77.3	58.8	-39.9%
Mexico	10.7	13.3	27.1	9.7	-3.2%
Taiwan (Chinese)	N/A	N/A	N/A	4.2	0%
Panama	43.1	0.3	0.7	4.0	-54.7%
Others	0.5	16.6	16.8	2.5	71.0%
Total	343	294	158	176	-19.9%

Top Suppliers of Copper Tube or Pipe Fitting to Guatemala in 2022:

China (9.4 tons)
United States (4.2 tons)
Mexico (1.4 tons)
Taiwan (Chinese) (0.4 tons)
Panama (0.1 tons)

Exports of Copper Tube or Pipe Fitting in Guatemala

In 2022, copper tube or pipe fitting exports from Guatemala skyrocketed to 1.5 tons, with an increase of 76% on the year before. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 706%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, copper tube or pipe fitting exports surged to $11K in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 308% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.