Price for Rubber Thread and Cord; Textile Covered in Guatemala - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Guatemala (CIF) - 2022
- Price for Rubber Thread and Cord; Textile Covered in Guatemala (FOB) - 2022
- Imports of Rubber Thread and Cord; Textile Covered in Guatemala
- Exports of Rubber Thread and Cord; Textile Covered in Guatemala
Price for Rubber Thread and Cord; Textile Covered in Guatemala (CIF) - 2022
In 2022, the average import price for rubber thread and cord; textile covereds amounted to $3,226 per ton, almost unchanged from the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 an increase of 64%. Over the period under review, average import prices hit record highs at $5,112 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 ($8,511 per ton), while the price for El Salvador ($1,460 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 (+12.6%), while the prices for the other major suppliers experienced a decline.
Price for Rubber Thread and Cord; Textile Covered in Guatemala (FOB) - 2022
In 2022, the average export price for rubber thread and cord; textile covereds amounted to $8,201 per ton, picking up by 46% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($12,932 per ton), while the average price for exports to Honduras ($5,053 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 El Salvador (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Rubber Thread and Cord; Textile Covered in Guatemala
Imports of rubber thread and cord; textile covereds into Guatemala contracted to 39 tons in 2022, approximately equating the previous year's figure. Over the period under review, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 with an increase of 39%.
In value terms, imports of rubber thread and cord; textile covereds reduced to $127K in 2022. In general, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year.
| Import of Rubber Thread and Cord; Textile Covered in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.1 | 78.6 | 87.8 | 65.3 | 14.0% |
| United States | 4.8 | 17.0 | 9.2 | 50.6 | 119.3% |
| El Salvador | 2.1 | 3.6 | 3.2 | 4.7 | 30.8% |
| Peru | 70.6 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | N/A | 7.1 | N/A | 0% |
| Others | 9.9 | 15.5 | 21.9 | 6.2 | -14.4% |
| Total | 132 | 115 | 129 | 127 | -1.3% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Guatemala in 2022:
- China (29.8 tons)
- United States (5.9 tons)
- El Salvador (3.2 tons)
Exports of Rubber Thread and Cord; Textile Covered in Guatemala
In 2022, overseas shipments of rubber thread and cord; textile covereds decreased by -67.8% to 4.9 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 229% against the previous year. As a result, the exports reached the peak of 15 tons, and then contracted notably in the following year.
In value terms, exports of rubber thread and cord; textile covereds contracted dramatically to $40K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 183% against the previous year. As a result, the exports reached the peak of $86K, and then contracted remarkably in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 14.0 | 23.7 | 81.1 | 33.0 | 33.1% |
| Costa Rica | 3.7 | 2.4 | 4.5 | 5.3 | 12.7% |
| Honduras | 0.2 | 1.5 | 0.4 | 2.0 | 115.4% |
| Nicaragua | N/A | 2.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.9 | 30.3 | 86.0 | 40.4 | 31.2% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Guatemala in 2022:
- El Salvador (4.1 tons)
- Honduras (0.4 tons)
- Costa Rica (0.4 tons)
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