Guatemala: Aluminium Tube Market 2024

Aluminium Tube Market Size in Guatemala

In 2022, the Guatemalan aluminium tube market increased by X% to $X, rising for the third consecutive year after three years of decline. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Aluminium Tube Exports

Exports from Guatemala

In 2022, the amount of aluminium tubes, pipes and tube or pipe fittings exported from Guatemala dropped remarkably to X tons, shrinking by X% compared with 2021. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, aluminium tube exports declined sharply to $X in 2022. In general, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Honduras (X tons) was the main destination for aluminium tube exports from Guatemala, with a X% share of total exports. Moreover, aluminium tube exports to Honduras exceeded the volume sent to the second major destination, El Salvador (X tons), fourfold. Nicaragua (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Nicaragua (X% per year).

In value terms, El Salvador ($X), Honduras ($X) and Panama ($X) appeared to be the largest markets for aluminium tube exported from Guatemala worldwide, with a combined X% share of total exports. Costa Rica and Nicaragua lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Costa Rica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium tube export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price, however, showed a mild descent. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($X per ton), while the average price for exports to Honduras ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Guatemala

In 2022, purchases abroad of aluminium tubes, pipes and tube or pipe fittings increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, aluminium tube imports surged to $X in 2022. In general, imports posted resilient growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Mexico (X tons) and Spain (X tons) were the main suppliers of aluminium tube imports to Guatemala, with a combined X% share of total imports. The United States, India and El Salvador lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), China ($X) and Mexico ($X) appeared to be the largest aluminium tube suppliers to Guatemala, with a combined X% share of total imports. The United States, India and El Salvador lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium tube import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium tube import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per ton), while the price for El Salvador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform