Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, not plated or coateds amounted to $1,531 per ton, growing by 14% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 wire, not plated or coateds increased by +57.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 45%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual 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 Spain ($1,971 per ton), while the price for China ($1,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (FOB) - 2024
In December 2023, the average export price for iron or non-alloy steel wire, not plated or coateds amounted to $1,015 per ton, dropping by -3.4% against the previous month. Overall, the export price recorded a slight descent. The most prominent rate of growth was recorded in October 2023 when the average export price increased by 12% month-to-month. The export price peaked at $1,188 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was El Salvador ($1,082 per ton), while the average price for exports to Nicaragua ($612 per ton) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (-1.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala
In 2022, after three years of growth, there was significant decline in overseas purchases of iron or non-alloy steel wire, not plated or coateds, when their volume decreased by -18.6% to 13K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% 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 +55.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 16K tons, and then reduced notably in the following year.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds dropped to $20M in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. As a result, imports attained the peak of $22M, and then shrank in the following year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 2.6 | 3.0 | 5.5 | 6.9 | 38.4% |
| China | 0.5 | 2.8 | 2.9 | 4.1 | 101.7% |
| Spain | 1.6 | 1.7 | 3.5 | 2.5 | 16.0% |
| Brazil | 1.0 | 0.7 | 3.4 | 2.1 | 28.1% |
| Portugal | 0.1 | 0.4 | 1.6 | 2.0 | 171.4% |
| Mexico | 0.3 | 0.5 | 1.7 | 1.2 | 58.7% |
| Turkey | 0.8 | 0.3 | 1.1 | 0.9 | 4.0% |
| Others | 1.2 | 1.5 | 2.4 | 0.7 | -16.4% |
| Total | 8.0 | 10.9 | 22.0 | 20.5 | 36.8% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Guatemala in 2022:
- El Salvador (4.4K tons)
- China (3.5K tons)
- Spain (1.3K tons)
- Brazil (1.2K tons)
- Portugal (1.2K tons)
- Mexico (0.8K tons)
- Turkey (0.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or non-alloy steel wire, not plated or coateds, when their volume decreased by -15% to 8.2K tons. Overall, exports, however, saw significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 124% against the previous year. As a result, the exports reached the peak of 9.6K tons, and then contracted rapidly in the following year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds declined to $9.8M in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 200% against the previous year. As a result, the exports attained the peak of $10M, and then declined in the following year.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 1.2 | 2.2 | 5.5 | 5.0 | 60.9% |
| El Salvador | 0.1 | 0.8 | 2.7 | 2.8 | 203.7% |
| Costa Rica | 0.7 | 0.3 | 1.3 | 1.1 | 16.3% |
| Nicaragua | 0.1 | 0.1 | 0.7 | 0.6 | 81.7% |
| Belize | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 2.2 | 3.5 | 10.4 | 9.8 | 64.5% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Guatemala in 2022:
- Honduras (4.5K tons)
- El Salvador (2.0K tons)
- Costa Rica (0.9K tons)
- Nicaragua (0.4K tons)
- Belize (0.2K tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Guatemala.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Guatemala.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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