Price for Winding Wire, Other than of Copper in Guatemala - 2024
Contents:
- Price for Winding Wire, Other than of Copper in Guatemala (CIF) - 2022
- Price for Winding Wire, Other than of Copper in Guatemala (FOB) - 2022
- Imports of Winding Wire, Other than of Copper in Guatemala
- Exports of Winding Wire, Other than of Copper in Guatemala
Price for Winding Wire, Other than of Copper in Guatemala (CIF) - 2022
The average import price for winding wire, other than of coppers stood at $13,576 per ton in 2022, reducing by -44.1% against the previous year. Overall, the import price, however, saw a strong increase. The growth pace was the most rapid in 2013 when the average import price increased by 198% against the previous year. Over the period under review, average import prices hit record highs at $24,288 per ton in 2021, and then contracted markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Panama ($43,018 per ton), while the price for China ($5,101 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+53.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winding Wire, Other than of Copper in Guatemala (FOB) - 2022
The average export price for winding wire, other than of coppers stood at $12,090 per ton in 2022, increasing by 80% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 349% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($114,778 per ton), while the average price for exports to Honduras ($10,148 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 Costa Rica (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winding Wire, Other than of Copper in Guatemala
After two years of decline, purchases abroad of winding wire, other than of coppers increased by 116% to 59 tons in 2022. In general, imports, however, continue to indicate a abrupt shrinkage.
In value terms, imports of winding wire, other than of coppers skyrocketed to $775K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Winding Wire, Other than of Copper in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 245 | 297 | 465 | 312 | 8.4% |
| Panama | 24.1 | 10.5 | 56.8 | 213 | 106.8% |
| China | 110 | 44.3 | 28.3 | 157 | 12.6% |
| Mexico | 25.2 | 22.6 | 15.4 | 42.3 | 18.8% |
| South Korea | 1.4 | N/A | 2.4 | 30.5 | 179.3% |
| El Salvador | 34.3 | 93.3 | 63.0 | 1.7 | -63.3% |
| Others | 44.5 | 36.0 | 38.8 | 19.6 | -23.9% |
| Total | 484 | 503 | 670 | 775 | 17.0% |
Top Suppliers of Winding Wire, Other than of Copper to Guatemala in 2022:
- China (30.7 tons)
- United States (16.3 tons)
- Panama (4.9 tons)
- Mexico (3.4 tons)
- South Korea (2.6 tons)
- El Salvador (0.1 tons)
Exports of Winding Wire, Other than of Copper in Guatemala
In 2022, exports of winding wire, other than of coppers from Guatemala contracted dramatically to 6.1 tons, shrinking by -39.3% on 2021 figures. Over the period under review, exports recorded a dramatic decrease. The smallest decline of -19.7% was in 2021.
In value terms, exports of winding wire, other than of coppers expanded notably to $73K in 2022. Overall, exports recorded a drastic downturn.
| Export of Winding Wire, Other than of Copper in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 4.4 | 16.1 | 50.1 | 41.1 | 110.6% |
| Costa Rica | 1.6 | 0.1 | 2.6 | 18.4 | 125.7% |
| Belize | N/A | 0.1 | N/A | 4.3 | 555.7% |
| El Salvador | 86.0 | 30.0 | 6.3 | 3.2 | -66.6% |
| Nicaragua | 26.5 | 22.8 | N/A | 2.1 | -57.0% |
| Dominican Republic | N/A | N/A | N/A | 2.0 | 0% |
| Haiti | 8.4 | 4.1 | 5.9 | N/A | -16.2% |
| Guyana | N/A | 1.7 | 1.3 | N/A | -23.5% |
| Jamaica | 2.4 | 13.6 | N/A | N/A | 466.7% |
| Others | 0.4 | 1.8 | 1.6 | 1.7 | 62.0% |
| Total | 130 | 90.3 | 67.8 | 72.7 | -17.6% |
Top Export Markets for Winding Wire, Other than of Copper from Guatemala in 2022:
- Honduras (4047.0 kg)
- Costa Rica (1309.0 kg)
- El Salvador (311.0 kg)
- Belize (276.0 kg)
- Dominican Republic (128.0 kg)
- Nicaragua (18.0 kg)
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