Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala - 2023

Contents:

1. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala (CIF) - 2023
2. Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala (FOB) - 2022
3. Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala
4. Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala (CIF) - 2023

In December 2023, the average import price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $1,014 per ton, dropping by -4.7% against the previous month. In general, the import price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 15% against the previous month. The import price peaked at $1,580 per ton in February 2023; however, from March 2023 to December 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was South Korea ($1,329 per ton), while the price for China stood at $887 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala (FOB) - 2022

In 2022, the average export price for alloy steel flat-rolled products, of a width 600mm or mores amounted to $3,450 per ton, picking up by 171% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 831%. The export price peaked at $9,123 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($8,131 per ton), while the average price for exports to Costa Rica ($2,105 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 Nicaragua (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala

In 2022, imports of alloy steel flat-rolled products, of a width 600mm or mores into Guatemala expanded remarkably to 67K tons, increasing by 11% against 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of alloy steel flat-rolled products, of a width 600mm or mores surged to $102M in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Alloy Steel Flat-Rolled Products, of A Width 600mm or More to Guatemala in 2022:

1. China (47.7K tons)
2. South Korea (17.5K tons)

Exports of Alloy Steel Flat-Rolled Products, of A Width 600mm or More in Guatemala

In 2022, the amount of alloy steel flat-rolled products, of a width 600mm or mores exported from Guatemala contracted dramatically to 125 tons, which is down by -90% on 2021. Over the period under review, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 3,300% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then dropped significantly in the following year.

In value terms, exports of alloy steel flat-rolled products, of a width 600mm or mores fell remarkably to $431K in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 390%. As a result, the exports reached the peak of $1.6M, and then fell dramatically in the following year.

Top Export Markets for Alloy Steel Flat-Rolled Products, of A Width 600mm or More from Guatemala in 2022:

1. Costa Rica (65.5 tons)
2. El Salvador (27.5 tons)
3. Honduras (25.9 tons)
4. Nicaragua (5.1 tons)

Source: IndexBox Market Intelligence Platform