Price for Mineral Substances Not Elsewhere Specified or Included in Guatemala - 2023
Contents:
- Price for Mineral Substances Not Elsewhere Specified or Included in Guatemala (CIF) - 2022
- Price for Mineral Substances Not Elsewhere Specified or Included in Guatemala (FOB) - 2022
- Imports of Mineral Substances Not Elsewhere Specified or Included in Guatemala
- Exports of Mineral Substances Not Elsewhere Specified or Included in Guatemala
Price for Mineral Substances Not Elsewhere Specified or Included in Guatemala (CIF) - 2022
In 2022, the average import price for mineral substances not elsewhere specified or includeds amounted to $320 per ton, reducing by -3.7% against the previous year. Overall, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when the average import price increased by 37%. Over the period under review, average import prices hit record highs at $412 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,719 per ton), while the price for Colombia ($288 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mineral Substances Not Elsewhere Specified or Included in Guatemala (FOB) - 2022
In 2022, the average export price for mineral substances not elsewhere specified or includeds amounted to $191 per ton, increasing by 79% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 84%. Over the period under review, the average export prices hit record highs at $256 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Honduras ($2,079 per ton), while the average price for exports to El Salvador ($68 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 Jamaica (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mineral Substances Not Elsewhere Specified or Included in Guatemala
In 2022, approx. 12K tons of mineral substances not elsewhere specified or includeds were imported into Guatemala; waning by -34.2% compared with the year before. In general, imports continue to indicate a mild decline. The pace of growth was the most pronounced in 2021 with an increase of 133%. As a result, imports reached the peak of 18K tons, and then shrank dramatically in the following year.
In value terms, imports of mineral substances not elsewhere specified or includeds dropped dramatically to $3.8M in 2022. Over the period under review, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 186%. As a result, imports attained the peak of $6.1M, and then fell rapidly in the following year.
| Import of Mineral Substances Not Elsewhere Specified or Included in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 1.6 | 5.3 | 2.7 | 21.6% |
| Spain | N/A | 0.1 | 0.4 | 0.7 | 164.6% |
| Colombia | 0.5 | 0.1 | N/A | 0.1 | -41.5% |
| Others | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Total | 2.5 | 2.1 | 6.1 | 3.8 | 15.0% |
Top Suppliers of Mineral Substances Not Elsewhere Specified or Included to Guatemala in 2022:
- China (9.2K tons)
- Spain (2.3K tons)
- Colombia (0.2K tons)
Exports of Mineral Substances Not Elsewhere Specified or Included in Guatemala
In 2022, exports of mineral substances not elsewhere specified or includeds from Guatemala skyrocketed to 11K tons, picking up by 195% on 2021. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 503% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of mineral substances not elsewhere specified or includeds skyrocketed to $2M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mineral Substances Not Elsewhere Specified or Included in Guatemala (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Honduras | 18.8 | 15.7 | 22.2 | 1,130 | 291.7% |
| El Salvador | 30.7 | 22.9 | 179 | 663 | 178.5% |
| Costa Rica | N/A | 14.4 | 49.7 | 88.6 | 148.0% |
| Others | 92.1 | 28.5 | 132 | 136 | 13.9% |
| Total | 142 | 81.5 | 383 | 2,018 | 142.2% |
Top Export Markets for Mineral Substances Not Elsewhere Specified or Included from Guatemala in 2022:
- El Salvador (9.8K tons)
- Honduras (0.5K tons)
- Costa Rica (0.2K tons)
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