Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala - 2024

Contents:

1. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala (CIF) - 2024
2. Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala (FOB) - 2022
3. Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala
4. Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala (CIF) - 2024

The average import price for textile fabrics, rubberised; other than those of heading no. 5902s stood at $1.1 per square meter in February 2024, shrinking by -69.9% against the previous month. In general, the import price, however, showed pronounced growth. The pace of growth appeared the most rapid in July 2023 an increase of 519% month-to-month. Over the period under review, average import prices attained the maximum at $4.2 per square meter in December 2023; however, from January 2024 to February 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In February 2024, the country with the highest price was Germany ($6.6 per square meter), while the price for China ($497 per thousand square meters) was amongst the lowest.

From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala (FOB) - 2022

In 2022, the average export price for textile fabrics, rubberised; other than those of heading no. 5902s amounted to $1.9 per square meter, surging by 18% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 19% against the previous year. As a result, the export price reached the peak level of $2 per square meter. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($4.3 per square meter), while the average price for exports to the United States ($0.9 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala

In 2022, overseas purchases of textile fabrics, rubberised; other than those of heading no. 5902s decreased by -30.7% to 590K square meters, falling for the second consecutive year after two years of growth. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 429%. As a result, imports reached the peak of 1.3M square meters. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of textile fabrics, rubberised; other than those of heading no. 5902s reduced sharply to $505K in 2022. In general, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 272% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 to Guatemala in 2022:

1. China (514.0K square meters)
2. Mexico (32.3K square meters)
3. United States (17.0K square meters)
4. Germany (9.0K square meters)
5. Pakistan (3.7K square meters)

Exports of Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 in Guatemala

In 2022, the amount of textile fabrics, rubberised; other than those of heading no. 5902s exported from Guatemala totaled 200K square meters, picking up by 3.1% compared with the year before. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of textile fabrics, rubberised; other than those of heading no. 5902s surged to $370K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Textile Fabrics, Rubberised; Other than Those of Heading No. 5902 from Guatemala in 2022:

1. El Salvador (138.4K square meters)
2. Honduras (25.0K square meters)
3. Nicaragua (16.0K square meters)
4. Costa Rica (15.2K square meters)
5. United States (4.2K square meters)

Source: IndexBox Market Intelligence Platform