Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala - 2023
Contents:
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (CIF) - 2022
- Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (FOB) - 2022
- Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala
- Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (CIF) - 2022
In 2022, the average import price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $433 per ton, remaining stable against the previous year. Over the period under review, the import price, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2017 an increase of 69% against the previous year. The import price peaked at $436 per ton in 2021, and then declined slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($1,430 per ton), while the price for Belize ($334 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (FOB) - 2022
In 2022, the average export price for ferrous waste and scrap; remelting scrap ingots of iron or steels amounted to $256 per ton, reducing by -15.5% against the previous year. In general, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 an increase of 53% against the previous year. Over the period under review, the average export prices hit record highs at $303 per ton in 2021, and then fell dramatically in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($441 per ton), while the average price for exports to Vietnam ($68 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 Thailand (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala
In 2022, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels into Guatemala shrank slightly to 192K tons, waning by -4.9% against the previous year. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, imports attained the peak of 202K tons, and then fell slightly in the following year.
In value terms, imports of ferrous waste and scrap; remelting scrap ingots of iron or steels dropped to $83M in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 136%. As a result, imports attained the peak of $88M, and then contracted in the following year.
| Import of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 11.7 | 13.1 | 42.4 | 37.7 | 47.7% |
| United States | 11.0 | 6.5 | 6.7 | 14.1 | 8.6% |
| Costa Rica | 6.5 | 6.5 | 19.8 | 12.3 | 23.7% |
| Nicaragua | 7.3 | 7.2 | 11.1 | 11.7 | 17.0% |
| Panama | N/A | 0.8 | 1.9 | 3.4 | 106.2% |
| El Salvador | 2.6 | 1.8 | 3.1 | 2.5 | -1.3% |
| Belize | 1.0 | 1.0 | 1.9 | 1.4 | 11.9% |
| Others | 0.3 | 0.4 | 1.1 | 0.1 | -30.7% |
| Total | 40.4 | 37.3 | 88.1 | 83.2 | 27.2% |
Top Suppliers of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel to Guatemala in 2022:
- Honduras (91.5K tons)
- Nicaragua (31.5K tons)
- Costa Rica (26.7K tons)
- United States (24.2K tons)
- El Salvador (7.1K tons)
- Panama (6.7K tons)
- Belize (4.1K tons)
Exports of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala
In 2022, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels from Guatemala skyrocketed to 32K tons, increasing by 49% on the previous year. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 292%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of ferrous waste and scrap; remelting scrap ingots of iron or steels surged to $8.2M in 2022. In general, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 403% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,178 | 250 | 2,093 | 2,744 | 32.6% |
| Thailand | 100 | 11.7 | 1,234 | 1,617 | 152.9% |
| India | 155 | 520 | 1,068 | 1,463 | 111.3% |
| South Korea | 90.5 | 98.1 | 566 | 936 | 117.9% |
| Vietnam | N/A | N/A | 3.6 | 314 | 8622.2% |
| Mexico | 651 | 264 | 956 | 280 | -24.5% |
| Honduras | 57.0 | 21.9 | 173 | 152 | 38.7% |
| Others | 148 | 124 | 403 | 670 | 65.4% |
| Total | 2,380 | 1,290 | 6,497 | 8,177 | 50.9% |
Top Export Markets for Ferrous Waste and Scrap; Remelting Scrap Ingots of Iron or Steel from Guatemala in 2022:
- Taiwan (Chinese) (9.7K tons)
- South Korea (6.1K tons)
- Thailand (5.0K tons)
- Vietnam (4.6K tons)
- India (4.4K tons)
- Mexico (0.9K tons)
- Honduras (0.6K tons)
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This report provides an in-depth analysis of the market for metal remelting scrap ingots in Guatemala.
711
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
146
This report provides an in-depth analysis of the market for metal remelting scrap ingots in Guatemala.
711
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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