Salts; Molybdates Price in Guatemala - 2023

Contents:

  1. Salts; Molybdates Price in Guatemala (CIF) - 2022
  2. Salts; Molybdates Price in Guatemala (FOB) - 2022
  3. Salts; Molybdates Imports in Guatemala
  4. Salts; Molybdates Exports in Guatemala

Salts; Molybdates Price in Guatemala (CIF) - 2022

In 2022, the average salts; molybdates import price amounted to $12,666 per ton, growing by 37% against the previous year. Overall, the import price posted a notable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 88%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($21,995 per ton), while the price for Peru ($2,731 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+52.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Salts; Molybdates Price in Guatemala (FOB) - 2022

The average salts; molybdates export price stood at $4,439 per ton in 2022, standing approx. at the previous year. In general, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 258%. Over the period under review, the average export prices attained the peak figure at $9,420 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 Honduras ($4,941 per ton), while the average price for exports to El Salvador stood at $2,324 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belize (+83.6%), while the prices for the other major destinations experienced more modest paces of growth.

Salts; Molybdates Imports in Guatemala

In 2022, the amount of salts; molybdateses imported into Guatemala soared to 48 tons, jumping by 70% against 2021 figures. In general, imports, however, continue to indicate a dramatic curtailment.

In value terms, salts; molybdates imports soared to $608K in 2022. Over the period under review, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Salts; Molybdates in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
BrazilN/AN/A28.6245756.6%
Mexico73.323.143.723747.9%
China33954.282.031.5-54.7%
CanadaN/AN/A6.230.4390.3%
PeruN/AN/AN/A29.50%
United States31.558.850.916.8-18.9%
Costa Rica7.3N/A43.7N/A144.7%
Others4.07.25.617.463.2%
Total45614326160810.1%

Top Suppliers of Salts; Molybdates to Guatemala in 2022:

  1. Brazil (11.8 tons)
  2. Mexico (10.8 tons)
  3. Peru (10.8 tons)
  4. Canada (6.8 tons)
  5. China (4.8 tons)
  6. United States (2.4 tons)

Salts; Molybdates Exports in Guatemala

In 2022, shipments abroad of salts; molybdateses decreased by -15.3% to 7.7 tons, falling for the second year in a row after two years of growth. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 8.2%. As a result, the exports attained the peak of 9.9 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, salts; molybdates exports dropped significantly to $34K in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 26%. As a result, the exports attained the peak of $42K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Salts; Molybdates in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras18.326.933.330.518.6%
El Salvador8.15.87.23.6-23.7%
Costa Rica6.48.5N/AN/A32.8%
Others0.30.7N/A0.2-12.6%
Total33.241.940.534.31.1%

Top Export Markets for Salts; Molybdates from Guatemala in 2022:

  1. Honduras (6.2 tons)
  2. El Salvador (1.5 tons)

Source: IndexBox Market Intelligence Platform

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