Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala - 2024

Contents:

1. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala (CIF) - 2022
2. Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala (FOB) - 2022
3. Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala
4. Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala (CIF) - 2022

The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $1,229 per ton in 2022, stabilizing at the previous year. Overall, the import price, however, saw a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the peak figure at $1,659 per ton in 2012; however, from 2013 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 Belgium ($1,642 per ton), while the price for El Salvador ($339 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by El Salvador (+4.0%), while the prices for the other major suppliers experienced a decline.

Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala (FOB) - 2022

In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $906 per ton, picking up by 15% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the average export price increased by 63%. As a result, the export price attained the peak level of $2,143 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($1,196 per ton), while the average price for exports to the United States ($292 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 Nicaragua (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala

Imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses into Guatemala declined rapidly to 357 tons in 2022, shrinking by -38.3% against 2021 figures. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 52%. As a result, imports attained the peak of 579 tons, and then fell markedly in the following year.

In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses contracted significantly to $439K in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 30%.

Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Guatemala in 2022:

1. Belgium (224.1 tons)
2. Honduras (58.9 tons)
3. El Salvador (48.3 tons)
4. United States (24.6 tons)

Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Guatemala

For the fourth year in a row, Guatemala recorded growth in shipments abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which increased by 7.8% to 58 tons in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 81% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses skyrocketed to $52K in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 29%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Guatemala in 2022:

1. Nicaragua (38.6 tons)
2. United States (14.2 tons)
3. Honduras (5.1 tons)

Source: IndexBox Market Intelligence Platform