Price for New Pneumatic Tyres, of Rubber in Guatemala - 2023
Contents:
- Price for New Pneumatic Tyres, of Rubber in Guatemala (CIF) - 2022
- Price for New Pneumatic Tyres, of Rubber in Guatemala (FOB) - 2022
- Imports of New Pneumatic Tyres, of Rubber in Guatemala
- Exports of New Pneumatic Tyres, of Rubber in Guatemala
Price for New Pneumatic Tyres, of Rubber in Guatemala (CIF) - 2022
The average import price for new pneumatic tyres, of rubbers stood at $81 per unit in 2022, rising by 20% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, new pneumatic tyres, of rubber import price increased by +88.8% against 2012 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($98 per unit), while the price for Vietnam ($50 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for New Pneumatic Tyres, of Rubber in Guatemala (FOB) - 2022
In 2022, the average export price for new pneumatic tyres, of rubbers amounted to $84 per unit, picking up by 11% against the previous year. Overall, the export price enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 54%. The export price peaked in 2022 and is likely to see steady growth in the near future.
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 Peru ($146 per unit), while the average price for exports to the United States ($65 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of New Pneumatic Tyres, of Rubber in Guatemala
In 2022, approx. 2.6M units of new pneumatic tyres, of rubbers were imported into Guatemala; shrinking by -12.5% against 2021 figures. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.0% 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 +30.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49% against the previous year. As a result, imports attained the peak of 2.9M units, and then declined in the following year.
In value terms, new pneumatic tyres, of rubber imports expanded markedly to $207M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% 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 +54.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of New Pneumatic Tyres, of Rubber in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.6 | 85.5 | 132 | 127 | 16.4% |
| India | 6.7 | 6.3 | 8.4 | 13.3 | 25.7% |
| Japan | 5.5 | 4.4 | 6.6 | 10.7 | 24.8% |
| Costa Rica | 7.2 | 5.8 | 8.8 | 9.9 | 11.2% |
| Thailand | 6.8 | 5.6 | 7.0 | 9.0 | 9.8% |
| Mexico | 8.3 | 4.3 | 5.5 | 6.6 | -7.4% |
| Taiwan (Chinese) | 2.8 | 2.7 | 6.3 | 5.6 | 26.0% |
| Brazil | 4.4 | 3.8 | 5.3 | 5.1 | 5.0% |
| South Korea | 0.5 | 0.5 | 1.2 | 3.5 | 91.3% |
| Indonesia | 1.6 | 1.1 | 2.1 | 2.3 | 12.9% |
| Vietnam | 0.5 | 2.3 | 1.5 | 2.1 | 61.3% |
| Others | 14.1 | 11.4 | 11.8 | 11.6 | -6.3% |
| Total | 139 | 134 | 197 | 207 | 14.2% |
Top Suppliers of New Pneumatic Tyres, of Rubber to Guatemala in 2022:
- China (1524.8K units)
- India (181.3K units)
- Japan (140.8K units)
- Costa Rica (122.1K units)
- Taiwan (Chinese) (101.5K units)
- Thailand (95.7K units)
- Mexico (90.8K units)
- Brazil (52.3K units)
- South Korea (44.8K units)
- Vietnam (42.2K units)
- Indonesia (42.1K units)
Exports of New Pneumatic Tyres, of Rubber in Guatemala
In 2022, approx. 64K units of new pneumatic tyres, of rubbers were exported from Guatemala; picking up by 7.2% compared with 2021. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 124%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, new pneumatic tyres, of rubber exports skyrocketed to $5.4M in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 151% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of New Pneumatic Tyres, of Rubber in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 933 | 561 | 2,103 | 2,444 | 37.8% |
| El Salvador | 328 | 309 | 796 | 1,323 | 59.2% |
| Costa Rica | 47.7 | 76.2 | 603 | 639 | 137.5% |
| Nicaragua | 451 | 434 | 541 | 348 | -8.3% |
| Belize | 74.5 | 110 | 47.3 | 325 | 63.4% |
| Peru | 256 | 238 | 335 | 149 | -16.5% |
| United States | 0.3 | 0.2 | 0.2 | 93.2 | 577.3% |
| Mexico | 106 | 56.0 | 36.7 | 26.0 | -37.4% |
| Others | 45.8 | 0.7 | 23.3 | 5.2 | -51.6% |
| Total | 2,242 | 1,784 | 4,485 | 5,353 | 33.7% |
Top Export Markets for New Pneumatic Tyres, of Rubber from Guatemala in 2022:
- Honduras (27.5K units)
- El Salvador (15.6K units)
- Costa Rica (9.8K units)
- Nicaragua (4.5K units)
- Belize (3.4K units)
- United States (1.4K units)
- Peru (1.0K units)
- Mexico (0.5K units)
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