Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala - 2023

Contents:

1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala (CIF) - 2022
2. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala (FOB) - 2022
3. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala
4. Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $918 per ton, surging by 16% against the previous year. Overall, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +77.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 53% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Turkey ($996 per ton) and Russia ($963 per ton), while the price for Venezuela ($861 per ton) and China ($898 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala (FOB) - 2022

The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,121 per ton in 2022, growing by 23% against the previous year. Over the period under review, the export price showed temperate growth. The pace of growth was the most pronounced in 2019 an increase of 31%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($1,303 per ton), while the average price for exports to Nicaragua ($1,110 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 (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala

After three years of growth, purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -34.9% to 161K tons in 2022. Overall, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 65% against the previous year. As a result, imports reached the peak of 247K tons, and then contracted remarkably in the following year.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted significantly to $147M in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 153% against the previous year. As a result, imports attained the peak of $195M, and then dropped significantly in the following year.

Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Guatemala in 2022:

1. China (70.8K tons)
2. Mexico (27.1K tons)
3. Venezuela (18.8K tons)
4. Ukraine (16.9K tons)
5. Turkey (14.5K tons)
6. India (6.3K tons)
7. Russia (5.9K tons)

Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Guatemala

In 2022, approx. 605 tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were exported from Guatemala; waning by -55% against the previous year. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 531%. As a result, the exports reached the peak of 1.3K tons, and then reduced remarkably in the following year.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses contracted remarkably to $678K in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 612% against the previous year. As a result, the exports reached the peak of $1.2M, and then dropped notably in the following year.

Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Guatemala in 2022:

1. Nicaragua (504.6 tons)
2. Costa Rica (75.6 tons)
3. Panama (25.2 tons)

Source: IndexBox Market Intelligence Platform