Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala - 2023
Contents:
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (CIF) - 2022
- Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (FOB) - 2022
- Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala
- Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (CIF) - 2022
In 2022, the average import price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) amounted to $3,465 per ton, increasing by 2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.
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 the United States ($17,120 per ton), while the price for Honduras ($846 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (FOB) - 2022
The average export price for glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) stood at $5,655 per ton in 2022, rising by 27% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 94%. Over the period under review, the average export prices reached the maximum at $6,324 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($50,166 per ton), while the average price for exports to Nicaragua ($3,088 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 Honduras (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala
In 2022, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) into Guatemala skyrocketed to 2.2K tons, growing by 54% against the previous year. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% 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 +70.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) soared to $7.6M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 848 | 1,018 | 1,681 | 2,166 | 36.7% |
United States | 877 | 941 | 1,222 | 1,869 | 28.7% |
Mexico | 1,015 | 1,264 | 990 | 1,339 | 9.7% |
Colombia | 320 | 304 | 257 | 916 | 42.0% |
Honduras | 7.5 | 15.9 | 5.4 | 35.2 | 67.4% |
Others | 365 | 232 | 641 | 1,248 | 50.7% |
Total | 3,432 | 3,775 | 4,797 | 7,573 | 30.2% |
Top Suppliers of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) to Guatemala in 2022:
- China (1297.4 tons)
- Colombia (358.9 tons)
- Mexico (299.0 tons)
- United States (109.2 tons)
- Honduras (41.6 tons)
Exports of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala
In 2022, shipments abroad of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) decreased by -27.9% to 77 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. As a result, the exports reached the peak of 107 tons, and then reduced remarkably in the following year.
In value terms, exports of glass fibres (including glass wool) and articles thereof (eg yarn, woven fabrics) contracted to $436K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +35.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 33%. As a result, the exports reached the peak of $474K, and then fell in the following year.
Export of Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) in Guatemala (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 49.2 | 144 | 202 | 145 | 43.4% |
United States | 82.1 | 82.1 | 87.0 | 88.0 | 2.3% |
El Salvador | 79.2 | 93.6 | 129 | 60.0 | -8.8% |
Costa Rica | 21.3 | 3.4 | 10.5 | 48.4 | 31.5% |
Mexico | 0.5 | N/A | 0.2 | 36.4 | 317.6% |
Nicaragua | 51.4 | 20.9 | 30.6 | 34.5 | -12.4% |
Belize | 1.1 | 0.3 | N/A | 13.7 | 131.8% |
Others | 36.8 | 12.8 | 15.2 | 9.7 | -35.9% |
Total | 322 | 357 | 474 | 436 | 10.6% |
Top Export Markets for Glass Fibres (Including Glass Wool) and Articles Thereof (Eg Yarn, Woven Fabrics) from Guatemala in 2022:
- Honduras (29.0 tons)
- El Salvador (14.7 tons)
- Nicaragua (11.2 tons)
- Mexico (9.6 tons)
- Costa Rica (7.1 tons)
- Belize (3.3 tons)
- United States (1.8 tons)
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