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Guatemala - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGuatemala: Iron Ore Market 2024
Iron Ore Market Size in Guatemala
The Guatemalan iron ore market dropped markedly to $X in 2023, shrinking by X% against the previous year. In general, consumption, however, continues to indicate significant growth. Over the period under review, the market reached the maximum level at $X in 2022, and then shrank rapidly in the following year.
Iron Ore Production in Guatemala
In value terms, iron ore production shrank rapidly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.
Iron Ore Exports
Exports from Guatemala
In 2023, approx. X tons of iron ores and concentrates were exported from Guatemala; shrinking by X% compared with 2022 figures. Over the period under review, exports faced a precipitous curtailment. The exports peaked at X tons in 2022, and then dropped significantly in the following year.
In value terms, iron ore exports surged to $X in 2023. Overall, exports, however, showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
El Salvador (X tons) was the main destination for iron ore exports from Guatemala, accounting for a X% share of total exports. Moreover, iron ore exports to El Salvador exceeded the volume sent to the second major destination, Costa Rica (X kg), threefold.
From 2022 to 2023, the average annual rate of growth in terms of volume to El Salvador was relatively modest.
In value terms, El Salvador ($X) emerged as the key foreign market for iron ores and concentrates exports from Guatemala, comprising X% of total exports. The second position in the ranking was held by Costa Rica ($X), with a X% share of total exports.
From 2022 to 2023, the average annual rate of growth in terms of value to El Salvador was relatively modest.
Export Prices by Country
In 2023, the average iron ore export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price continues to indicate a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2023, amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Costa Rica amounted to $X per ton.
From 2022 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%).
Iron Ore Imports
Imports into Guatemala
After two years of growth, purchases abroad of iron ores and concentrates decreased by X% to X tons in 2023. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2019 with an increase of X,400% against the previous year. Imports peaked at X tons in 2022, and then contracted in the following year.
In value terms, iron ore imports stood at $X in 2023. In general, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2023 and are likely to see steady growth in years to come.
Imports by Country
France (X tons) and the United States (X tons) were the main suppliers of iron ore imports to Guatemala.
From 2015 to 2023, the biggest increases were recorded for the United States (with a CAGR of X%).
In value terms, France ($X) and the United States ($X) were the largest iron ore suppliers to Guatemala.
Among the main suppliers, the United States, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review.
Import Prices by Country
The average iron ore import price stood at $X per ton in 2023, surging by X% against the previous year. Over the period under review, the import price, however, showed a sharp shrinkage. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for France stood at $X per ton.
From 2015 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).
Source: IndexBox Platform
This report provides an in-depth analysis of the iron ore market in Guatemala. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
- Prodcom 07101010 -
- Prodcom 07101020 -
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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